BATS Global Markets Reports June U.S. Equities Market Share Of 11.5%; European Record Market Share In Germany, Sweden And Denmark

BATS Records 11.5% U.S. Equities Market Share in June, Up From 11.0% One Year Ago; U.S. Options Market Share Increases Sequentially; BATS Chi-X Europe Remains Largest European Equities Market Operator

News provided by

BATS Global Markets

Jul 02, 2012, 03:25 ET

KANSAS CITY, Mo. and LONDON, July 2, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported strong U.S. equities market share of 11.5% in June, up from 11.0% one year ago. BATS Options saw a strong month-over-month jump to 3.5% matched market share, up from 3.0% in May.

(Logo: http://photos.prnewswire.com/prnh/20100701/CG29735LOGO)

BATS Chi-X Europe reported record monthly market share in Frankfurt's MDAX with 28.7%; and in the overall Nordic market with 25.2%, including individual market records in Stockholm's OMXS30 with 29.5% and Copenhagen's OMXC20 with 21.3%. BATS Chi-X Europe remained the largest European market center by market share and notional value traded in June reporting 24.5% overall European market share, up from 23.1% one year ago on a pro forma basis.

"Entering the second half of the year we are well-positioned for continued growth in the U.S. and Europe with strong market share performances, particularly over the past quarter," said Joe Ratterman, president and chief executive officer of BATS Global Markets. "The notable month-over-month market share growth for BATS Options affirms our strategy of delivering market quality across all of our core asset classes, a strategy we will continue to focus on as our business expands."

BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange (the BATS Exchanges); BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral trading facility.

June 2012 Highlights

U.S. Equities and Options:

BATS Exchanges

(BZX Exchange and BYX Exchange)

Matched Market Share

11.5% (vs. 11.7% in May; 11.0% one year ago)

Average Daily Matched Volume

789.7 million shares

BATS Options

Matched Market Share

3.5% (vs. 3.0% in May; 3.8% one year ago)

Average Daily Matched Volume

536,990 contracts

  • The BATS BYX Exchange reported 2.9% matched market share in June, while the BATS BZX Exchange recorded 8.5%.  
  • The BATS Exchanges set a new monthly market share record in Tape A (NYSE-listed) securities, reporting 10.4% market share.
  • The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 564.91 points, or 3.8%, to close at 15,307.47.

European Equities:

BATS Chi-X Europe

Overall European Market Share

24.5% (vs. 25.1% in May; vs. 23.1% one year ago1)

Combined Total Notional Value Traded

€167.9 billion

Combined Average Daily Notional Value

€8.0 billion

New Individual Market Records

MDAX = 28.7% (vs. 27.6% in May; 20.8% one year ago1)
Nordics overall = 25.2% (vs. 24.4% in May; 17.5% one year ago1)

OMXS = 29.5% (vs. 28.1% in May; 19.9% one year ago1)

OMXC = 21.3% (vs. 21.0% in May; 16.1% one year ago1)

1 All 2011 figures are on a pro forma basis.

  • BATS Chi-X Europe remains the largest European equities market center by market share and value traded.
  • BATS Chi-X Europe also extended its pricing promotion covering Spanish equities traded on the Chi-X Europe (CXE) order book through the end of September 2012. BATS Chi-X Europe's market share in Madrid's IBEX 35 was 5.2% in June compared to 1.6% a year ago.

June 2012 Volume and Market Share Summary

A complete breakdown of June volume and market share for each market center is outlined below. To track U.S. and Europe market share for all major trading exchanges and other venues, please visit: http://www.batsglobalmarkets.com/markets/


U.S. Equities:

June 2012

June 2011

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

Average daily matched volume

789.7

798.6

       Total notional value traded for the month

$536,117.3

$624,848.2

       Market share percentage (for the period):

Tape A

10.4%

9.0%

Tape B

14.3%

15.9%

Tape C

12.0%

11.5%

Overall matched market share

11.5%

11.0%


Volume By Exchange:

BZX Exchange:

    Average daily matched volume

587.3

623.2

    Total notional value traded for the month

$422,413.3

$516,525.0

    Market share percentage (for the period):

Tape A

7.3%

6.5%

Tape B

11.7%

13.9%

Tape C

9.1%

9.1%

Overall matched market share

8.5%

8.6%



BYX Exchange:

    Average daily matched volume

202.4

175.4

    Total notional value traded for the month

$113,704.0

$108,323.2

    Market share percentage (for the period):

Tape A

3.1%

2.6%

Tape B

2.6%

2.0%

Tape C

2.9%

2.4%

Overall matched market share

2.9%

2.4%





BATS Options:

June 2012

June 2011

Contracts

Market share

Contracts

Market share

Average daily matched volume

536,990

3.5%

632,234

3.8%2






2 Adjusted from 4.3%, which was published in June 2011 volume press release.

European Equities3:

June 2012

June 2011

(In millions, except percentage)

Total notional value

€167,913.1

€180,839.9

Average daily notional value

€7,995.9

€8,220.0

Displayed average daily notional value

€7,616.2

€7,792.0

Non-displayed4 average daily notional value

€379.7

€428.0


Market share by platform (for the period):

Overall European market share

24.5%

23.1%

STOXX Europe 50 securities

26.6%

25.7%



   London market overall

30.5%

30.2%

FTSE 100 securities

33.9%

34.8%

FTSE 250 securities

26.2%

25.5%



  Paris market overall

23.8%

24.0%

CAC 40 securities

24.9%

26.5%

CAC Next20 securities

24.1%

22.2%



  Frankfurt market overall

26.4%

26.5%

DAX 30 securities

27.6%

29.0%

MDAX securities

28.7%

20.8%



   Amsterdam market overall

26.4%

28.1%

AEX securities

27.0%

29.0%



   Brussels market overall

20.9%

24.6%

BEL 20 securities

22.0%

26.4%



   Milan market overall

14.5%

15.8%

FTSE MIB securities

15.2%

16.3%



   Zurich market overall

23.8%

22.1%

SMI securities

25.3%

23.5%

SMIM securities

16.4%

13.1%



   Nordic market overall

25.2%

17.2%

Helsinki OMXH25 securities

26.2%

21.4%

Stockholm OMXS30 securities

29.5%

19.9%

Copenhagen OMXC20 securities

21.3%

16.1%

Oslo OBX securities

19.5%

11.7%



   Vienna market overall

16.4%

8.6%

        ATX securities

16.6%

8.7%



   Lisbon market overall

14.2%

12.0%

        PSI-20 securities

14.4%

12.1%



   Dublin market overall

3.8%

1.9%

        ISEQ 20 securities

3.8%

1.9%



   Madrid market overall

5.2%

1.6%

        IBEX 35 securities

5.2%

1.6%

3 Figures represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted. All 2011 figures are on a pro forma basis.

4 BATS Europe (BXE) and Chi-X Europe (CXE) non-displayed order books.

About BATS Global Markets, Inc.

BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral trading facility. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.batsglobalmarkets.com.

SOURCE BATS Global Markets

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