BATS Chi-X Europe, BATS U.S. Options Set Monthly Market Share Records In July - Records Set In Spain, Nordics, EuroSTOXX 50 And Depositary Receipts Trading

BATS Global Markets (BATS) today reported that BATS Chi-X Europe set seven monthly market share records in its second month as a Recognised Investment Exchange while BATS Options recorded its best month with 4.3% market share.

BATS Chi-X Europe posted market share of 24.3% in the EuroSTOXX 50, surpassing the previous record of 23.9% set in November 2012, and 15.6% in Spain’s IBEX 35, topping the 14.4% set in June. Additional Europe records in July include Depositary Receipts (FTSE RIOB, 9.0%), Frankfurt’s DAX (28.8%), Stockholm’s OMXS30 (31.4%), Helsinki’s OMXH25 (30.7%), and Oslo’s OBX (23.2%).

Overall, BATS Chi-X Europe recorded market share of 24.2% in July vs 22.5% June. Average daily notional value was €7.3 billion in July vs €8.0 billion in June.

“We are extremely pleased with our expanding market share in multiple European markets as new and existing customers see the benefit of our change in status to a Recognised Investment Exchange,” said Joe Ratterman, chief executive of BATS Global Markets. “Our evolution in Europe compliments the momentum underway in the U.S., as more firms increase their trading participation on BATS Options.”

BATS’ U.S. equities market share was 9.6% in July as overall equities industry average daily volume was 5.7 billion shares in July, down from 7.1 billion shares in June and 6.1 billion shares during the same period a year-ago. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €29.8 billion in July, down from €35.6 billion in June.

Additional July Highlights:

During July, the BATS BZX Exchange ranked 1^st or 2^nd in quality of trading in 347 of the 500 stocks that make up the S&P 500^® Index, as measured by effective spread, according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in 19 of the top 25 exchange traded products.
The sale and purchase agreement was signed to combine EMCF and EuroCCP to form a new pan-European cash equities clearing house to be named EuroCCP N.V., pending approval by regulators and competition authorities. BATS Chi-X Europe is one of four 25% shareholders in the new entity.
BATS Global Markets CEO Joe Ratterman was named to Institutional Investor’s Tech 50 list for 2013 and has been continuously honored by the publication since 2008.
The BATS 1000 Index^®marked its fourth anniversary with its annual reconstitution resulting in the replacement of 27 companies in the Index. New additions include, Facebook, Avis Budget Group and Burger King.
BATS Global Markets launched a Twitter account – @BATSGlobal.

July 2013 Volume and Market Share Summary

U.S. Equities	July 2013
Overall Industry – Average Daily Consolidated Volume	5.7 billion shares
BATS Exchanges (BZX and BYX Exchange) – Matched Market Share	9.6%
BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume	549.3 million shares
U.S. Equity Options
BATS Options – Matched Market Share	4.3%
BATS Options – Average Daily Matched Volume	625,218 contracts
European Equities
Pan-European Total Consolidated Volume^¹– Average Daily Notional Value	€29.8 billion
BATS Chi-X Europe – Overall European Market Share	24.2%
BATS Chi-X Europe – Total Notional Value Traded	€167.3 billion
BATS Chi-X Europe – Average Daily Notional Value	€7.3 billion

¹Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk

Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity Options, European Equities

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

U.S. Equities (The BATS Exchanges)
	July 2013	July 2012
The BATS Exchanges (BZX & BYX combined)	(In millions, except percentages; volume and notional figures exclude odd-lots)
Average daily matched volume	549.3	750.0
Total notional value traded for the month	$451,119.3	$512,120.5
Market share percentage (for the period):
*Overall matched market share*	*9.6%*	12.3%
Tape A	8.3%	11.1%
Tape B	13.3%	15.0%
Tape C	9.6%	13.2%

*Volume By Exchange:*
BZX Exchange:
Average daily matched volume	450.5	560.9
Total notional value traded for the month	$375,933.5	$404,763.4
Market share percentage (for the period):
*Overall matched market share*	*7.9%*	9.2%
Tape A	6.7%	7.9%
Tape B	11.0%	12.2%
Tape C	8.1%	10.1%

BYX Exchange:
Average daily matched volume	98.8	189.2
Total notional value traded for the month	$75,185.8	$107,357.1
Market share percentage (for the period):
*Overall matched market share*	*1.7%*	3.1%
Tape A	1.6%	3.2%
Tape B	2.3%	2.9%
Tape C	1.5%	3.0%

BATS 1000 Index (a broad-based U.S. equities market benchmark)	18,692.15 (07/31/13 close)	15,497.44 (07/31/12 close)

U.S. Equity Options (BATS Options)
	July 2013		July 2012
	*Contracts*	*Market share*	*Contracts*	*Market share*
Average daily matched volume	625,218	4.3%	517,079	3.6%

European Equities^²(BATS Chi-X Europe)
	July 2013	July 2012
	(In millions, except percentage)
Total notional value	€167,283.3	€159,728.6
Average daily notional value	€7,273.2	€7,260.3
Displayed average daily notional value	€6,701.7	€6,842.7
Non-displayed³ average daily notional value	€571.5	€417.6
Overall European market share	24.2%	24.6%

*Market share by market (for the period):*
	July 2013	July 2012
*London market overall*	*28.0%*	*30.0%*
FTSE 100 securities	31.4%	33.7%
FTSE 250 securities	20.1%	24.7%

*Paris market overall*	*22.2%*	*23.8%*
CAC 40 securities	23.8%	24.7%
CAC Next20 securities	17.4%	25.6%

*Frankfurt market overall*	*26.8%*	*26.5%*
DAX 30 securities	28.8%	27.6%
MDAX securities	22.9%	27.9%

*Amsterdam market overall*	*21.0%*	*25.8%*
AEX securities	21.3%	26.3%
AMX securities	17.7%	20.0%

*Brussels market overall*	*22.9%*	*20.4%*
BEL 20 securities	24.2%	21.3%

*Milan market overall*	*13.9%*	*14.7%*
FTSE MIB securities	14.7%	15.4%

*Zurich market overall*	*24.8%*	*26.0%*
SMI securities	27.2%	27.6%
SMIM securities	18.1%	17.9%

*Nordic market overall*	*28.6%*	*26.1%*
Helsinki OMXH25 securities	30.7%	27.3%
Stockholm OMXS30 securities	31.4%	29.6%
Copenhagen OMXC20 securities	26.2%	21.8%
Oslo OBX securities	23.2%	21.1%

*Vienna market overall*	*15.9%*	*17.5%*
ATX securities	16.2%	17.7%

*Lisbon market overall*	*10.5%*	*16.3%*
PSI-20 securities	10.6%	16.5%

*Dublin market overall*	*6.5%*	*4.6%*
ISEQ 20 securities	6.5%	4.6%

*Madrid market overall*	*14.8%*	*5.1%*
IBEX 35 securities	15.6%	5.1%

*Key Indices* EUROSTOXX 50 securities	24.3%	21.9%
FTSE RIOB	9.0%	4.22%

²Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.

³BXE and CXE non-displayed order books.