BATS Global Markets (BATS) today reported that BATS Chi-X Europe set another new monthly market share record of 14.4% and also a new one-day record of 19.5% for Spain’s IBEX 35, and a new monthly record of 28.6% in Helsinki’s OMXH25 Index.
BATS Chi-X Europe reported 26.7% market share across the Nordics, its second-best month on record in this region. In Copenhagen’s OMXC20 and Stockholm’s OMXS30, BATS Chi-X Europe reported market share of 25.4% and 30.1%, respectively, the second-best month on record in both of these key markets.
Overall, BATS Chi-X Europe recorded market share of 22.5%, in line with May. Average daily notional value was €8.0 billion in June vs €7.1 billion in May.
BATS’ U.S. equities market share was 10.4% in June, in line with May. BATS Options recorded 3.8% market share in June, in line with May.
“Our continued growth in Europe is a testament to market participants’ desire for increased competition as we retain our position as the largest exchange in Europe,” said Joe Ratterman, chief executive of BATS Global Markets. “Both in Europe and in the U.S., we remain focused on sustaining – and further improving – market quality for the hundreds of firms that trade on BATS every day.”
In the U.S., overall equities industry average daily volume was 7.1 billion shares in June, up from 6.4 billion shares in May and was the best month since May 2012. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €35.6 billion in June, up from €32.0 billion in May.
Additional June Highlights:
- David Howson joined BATS Chi-X Europe as chief operating officer in June, reporting to CEO Mark Hemsley. Mr. Howson, a well-respected and experienced technologist, is overseeing BATS Chi-X Europe’s software engineering, infrastructure and operational teams.
- In June, the iShares MSCI India Index ETF (INDA), which is listed on BATS Exchange, recorded inflows of over $208 million (or 8.75 million shares), ranking it in the top 20 inflows of all U.S. securities, including individual stocks, for the month according to Dow Jones. For the month, average daily volume for INDA exceeded 500,000 shares traded.
- During June, the BATS BZX Exchange ranked 1st or 2nd in quality of trading in 358 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 11 of the top 25 exchange traded products.
June 2013 Volume and Market Share Summary
|
U.S. Equities |
June 2013 |
|
Overall Industry – Average Daily Consolidated Volume |
7.1 billion shares |
|
BATS Exchanges (BZX and BYX Exchange) – Matched Market Share |
10.4% |
|
BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume |
739.1 million shares |
|
U.S. Equity Options |
|
|
BATS Options – Matched Market Share |
3.8% |
|
BATS Options – Average Daily Matched Volume |
669,966 contracts |
|
European Equities |
|
|
Pan-European Total Consolidated Volume1 – Average Daily Notional Value |
€35.6 billion |
|
BATS Chi-X Europe – Overall European Market Share |
22.5% |
|
BATS Chi-X Europe – Total Notional Value Traded |
€160.4 billion |
|
BATS Chi-X Europe – Average Daily Notional Value |
€8.0 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 June 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) |
|
|
|
|
June 2013 |
June 2012 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
739.1 |
789.7 |
|
Total notional value traded for the month |
$565,372.9 |
$536,117.3 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
10.4% |
11.5% |
|
Tape A |
8.9% |
10.4% |
|
Tape B |
14.4% |
14.3% |
|
Tape C |
10.1% |
12.0% |
|
|
|
|
|
Volume By Exchange: |
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
607.7 |
587.3 |
|
Total notional value traded for the month |
$472,153.5 |
$422,413.3 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
8.5% |
8.5% |
|
Tape A |
7.2% |
7.3% |
|
Tape B |
12.0% |
11.7% |
|
Tape C |
8.4% |
9.1% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
131.4 |
202.4 |
|
Total notional value traded for the month |
$93,219.4 |
$113,704.0 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
1.8% |
2.9% |
|
Tape A |
1.7% |
3.1% |
|
Tape B |
2.4% |
2.6% |
|
Tape C |
1.7% |
2.9% |
|
|
|
|
|
BATS 1000 Index (a broad-based U.S. equities market benchmark) |
18,030.56 (06/28/13 close) |
15,307.47 (06/30/12 close) |
|
U.S. Equity Options (BATS Options) |
|
|
||
|
|
June 2013 |
June 2012 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
669,966 |
3.8% |
536,990 |
3.5% |
|
European Equities2 (BATS Chi-X Europe) |
|
|
|
|
June 2013 |
June 2012 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€160,355.4 |
€167,913.1 |
|
Average daily notional value |
€8,017.8 |
€7,995.9 |
|
Displayed average daily notional value |
€7,388.6 |
€7,616.2 |
|
Non-displayed3 average daily notional value |
€629.2 |
€379.7 |
|
Overall European market share |
22.5% |
24.5% |
|
Market share by market (for the period): |
||
|
|
June 2013 |
June 2012 |
|
London market overall |
26.1% |
30.5% |
|
FTSE 100 securities |
29.7% |
33.9% |
|
FTSE 250 securities |
19.5% |
26.2% |
|
|
|
|
|
Paris market overall |
20.6% |
23.8% |
|
CAC 40 securities |
22.1% |
24.9% |
|
CAC Next20 securities |
16.9% |
24.0% |
|
|
|
|
|
Frankfurt market overall |
25.5% |
26.4% |
|
DAX 30 securities |
27.5% |
27.6% |
|
MDAX securities |
21.8% |
28.7% |
|
|
|
|
|
Amsterdam market overall |
20.1% |
26.4% |
|
AEX securities |
20.7% |
27.0% |
|
AMX securities |
16.5% |
21.4% |
|
|
|
|
|
Brussels market overall |
22.0% |
20.9% |
|
BEL 20 securities |
22.9% |
22.0% |
|
|
|
|
|
Milan market overall |
12.9% |
14.5% |
|
FTSE MIB securities |
13.6% |
15.2% |
|
|
|
|
|
Zurich market overall |
21.6% |
23.8% |
|
SMI securities |
23.3% |
25.2% |
|
SMIM securities |
16.7% |
16.3% |
|
|
|
|
|
Nordic market overall |
26.7% |
25.2% |
|
Helsinki OMXH25 securities |
28.6% |
26.2% |
|
Stockholm OMXS30 securities |
30.1% |
29.5% |
|
Copenhagen OMXC20 securities |
25.4% |
21.3% |
|
Oslo OBX securities |
20.6% |
19.5% |
|
|
|
|
|
Vienna market overall |
13.2% |
16.4% |
|
ATX securities |
13.6% |
16.6% |
|
|
|
|
|
Lisbon market overall |
11.2% |
14.2% |
|
PSI-20 securities |
11.3% |
14.4% |
|
|
|
|
|
Dublin market overall |
4.9% |
3.8% |
|
ISEQ 20 securities |
4.9% |
3.8% |
|
|
|
|
|
Madrid market overall |
14.0% |
5.2% |
|
IBEX 35 securities |
14.4% |
5.2% |
|
|
|
|
|
Key Indices EUROSTOXX 50 securities |
22.5% |
21.8% |
|
|
|
|
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.
