Bats Global Markets Reports Record April Options Volumes
U.S., EUROPEAN EQUITIES MARKET SHARE INCREASED FROM YEAR-AGO PERIOD
KANSAS CITY, Mo., and LONDON, May 4, 2011 /PRNewswire/ -- BATS Global Markets (BATS), a global operator of securities and derivatives markets, today reported continued strong growth at BATS Options, which reported a record 3.4% matched market share in April. The company's equities businesses in the U.S. and Europe also had a solid month, reporting matched market share of 10.6% and 5.7%, respectively.
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BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options; and BATS Europe, an FSA-authorised multilateral trading facility in Europe. April 2011 highlights for each of these markets are outlined below.
BATS U.S. equities markets:
- BATS U.S. equities reported matched market share of 10.6% in April 2011, up from 9.5% in the same month a year ago.
- BATS U.S. equities reported average daily matched volume of 747.8 million shares in April 2011.
BATS Options:
- BATS Options average daily matched volume in April 2011 of 504,062 contracts was a 12.4% increase from March 2011.
- BATS Options touched market share, the standard industry measurement, was 3.5%, up from 2.9% in March 2011.
- BATS Options reported matched volume of 702,259 contracts on April 15, the highest volume day of the month.
BATS Europe:
- BATS Europe reported overall European market share of 5.7% in April versus 5.3% a year ago.
- The BATS Europe Dark Pool reported record average daily turnover of €186.6 million, up from €77.3 million one year ago.
- BATS Europe recorded a new consolidated monthly market share record in the Swiss SMIM (4.9%).
Additional company news:
- In April, the company also announced its intention to appoint Mark Hemsley chief executive officer of BATS Chi-X Europe upon the close of BATS' acquisition of Chi-X Europe, which is pending regulatory approval.
- Among global equities markets operators in March 2011, BATS remained the third-largest in the world after NYSE and NASDAQ in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. (April 2011 information for international exchanges is not yet available.)
- In March 2011, all three of BATS' market centers ranked in the top 25 largest, in terms of notional value traded, in the world: the BZX Exchange was ranked #4, the BYX Exchange was ranked #19, and BATS Europe was ranked #25. (April 2011 information for international exchanges is not yet available.)
- The BATS 1000(SM) Index increased 450.66 points, or 3.0%, in April, ending the month at 15,587.81. The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors.
A breakdown of April volume and market share for each market center is outlined below:
U.S. Equities*: |
April |
||
2011 |
2010** |
||
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages) |
||
Average daily matched volume |
747.8 |
928.9 |
|
Total notional value traded for the month |
$515,281.7 |
$584,398.9 |
|
Market share percentage (for the period): |
|||
Tape A |
9.0% |
7.2% |
|
Tape B |
15.1% |
16.3% |
|
Tape C |
11.2% |
10.7% |
|
Overall matched market share |
10.6% |
9.5% |
|
Volume By Exchange: |
|||
BZX Exchange: |
|||
Average daily matched volume |
585.2 |
928.9 |
|
Total notional value traded for the month |
$424,276.1 |
$584,398.9 |
|
Market share percentage (for the period): |
|||
Tape A |
6.5% |
7.2% |
|
Tape B |
13.3% |
16.3% |
|
Tape C |
9.0% |
10.7% |
|
Overall matched market share |
8.3% |
9.5% |
|
BYX Exchange: |
|||
Average daily matched volume |
162.6 |
N/A |
|
Total notional value traded for the month |
$91,005.6 |
N/A |
|
Market share percentage (for the period): |
|||
Tape A |
2.5% |
N/A |
|
Tape B |
1.8% |
N/A |
|
Tape C |
2.2% |
N/A |
|
Overall matched market share |
2.3% |
N/A |
|
*Volume and notional figures exclude odd-lots **2010 figures reflect BZX volume only, as BYX was launched in October 2010. |
|||
BATS Options: |
April |
||||||
2011 |
2010*** |
||||||
Contracts |
Market share |
Internal Match Rate |
Contracts |
Market share |
Internal Match Rate |
||
Average daily matched volume |
504,062 |
3.4% |
88.3% |
N/A |
N/A |
N/A |
|
Average daily touched volume |
570,702 |
3.5% |
N/A |
N/A |
|||
***BATS Options was launched in February 2010 and completed its rollout of all symbols in May 2010. |
|||||||
BATS Europe****: |
April |
||
2011 |
2010 |
||
(In millions, except percentage) |
|||
Average daily notional value traded |
€2,067.3 |
€2,155.4 |
|
Total notional value for the month |
€40,333.1 |
€43,453.5 |
|
Average daily notional value for BATS Europe Dark Pool |
€186.61 |
€77.3 |
|
Pan-European market share percentage (for the period): |
|||
Overall European market share |
5.7% |
5.3% |
|
STOXX 50 securities |
6.3% |
5.9% |
|
London market overall |
8.2% |
9.9% |
|
FTSE 100 securities |
9.6% |
10.3% |
|
FTSE 250 securities |
6.0% |
7.2% |
|
Paris market overall |
4.8% |
4.2% |
|
CAC 40 securities |
5.1% |
4.6% |
|
CAC Next20 securities |
5.6%2 |
3.7% |
|
Frankfurt market overall |
5.6% |
3.7% |
|
DAX 30 securities |
6.0% |
4.1% |
|
MDAX securities |
5.8%2 |
2.7% |
|
Amsterdam market overall |
6.3% |
4.9% |
|
AEX securities |
6.4% |
5.0% |
|
Brussels market overall |
5.4% |
3.3% |
|
BEL 20 securities |
5.2% |
3.3% |
|
Milan market overall |
4.1% |
6.4% |
|
FTSE MIB securities |
4.3% |
6.7% |
|
Zurich market overall |
7.9% |
6.3% |
|
SMI securities |
8.3% |
6.9% |
|
SMIM securities |
4.9%1 |
2.0% |
|
Nordic market overall |
4.8% |
3.3% |
|
Helsinki OMXH25 securities |
7.3% |
5.4% |
|
Stockholm OMXS30 securities |
4.6% |
4.1% |
|
Copenhagen OMXC20 securities |
4.9% |
1.7% |
|
Oslo OBX securities |
3.4%2 |
0.7% |
|
Additional markets: |
|||
Lisbon market overall |
3.1% |
0.7% |
|
Vienna market overall |
1.8% |
0.0% |
|
(1) New Record; (2) 2nd highest in firm history; (3) 3rd highest in firm history ****Figures represent consolidated figures (lit and dark books), unless otherwise noted. |
|||
To track U.S. and Europe market share for all major trading exchanges and other venues, please visit:
U.S. Equities – http://batstrading.com/market_summary/
U.S. Options – http://www.batsoptions.com/market_summary/
Europe Equities – http://www.batstrading.co.uk/market_data/market_share/index/
About BATS
BATS Global Markets (BATS) is a leading operator of stock and options markets around the globe. 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 Europe, an FSA-authorised multilateral trading facility in Europe. Each of these marketplaces is powered by BATS' innovative and proprietary technology that 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.batstrading.com.
BATS ... Making Markets Better.
SOURCE BATS Global Markets
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