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Bats Global Markets, Inc. (Bats: BATS), a leading global operator of exchanges and services for financial markets, today reported May data and highlights, including material expansions to its U.S. listing business.
During the month, Bats welcomed 13 exchange-traded fund (ETF) listings to the Bats ETF Marketplace, and announced Deutsche Asset Management as the third ETF issuer to switch primary listings to the Bats ETF Marketplace. As of June 10, the Bats market now has 11 US issuers with 95 ETFs listed.
Additionally, the exchange reported 11.4% U.S. Options market share, up from 9.7% a year ago, marking the second-best month in company history.
In addition, on May 20, it was announced Bats would be included in the Wilshire 5000 Total Market Index.
Additional Bats highlights for May include:
- Remaining the #1 U.S. market operator for ETF trading, executing 24.5% of all May volume, and maintaining its position as the second-largest U.S. Equities market operator with 20.5% market share.
- Retaining its position as the largest European stock exchange with 23.4% market share and the largest trade reporting facility with €371.8 billion reported to BXTR for the month.
- Recording average daily volume of $23.4 billion for Hotspot, the company’s institutional spot foreign exchange market.
- Recording more than $102 billion of notional value per day touched by the Bats markets in May, including trades reported to BXTR.
May 2016 Volume and Market Share Overview
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|
U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX) |
May 2016 |
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Bats Exchanges – Overall market share |
20.5% |
|
|
Bats Exchanges – Average daily matched volume (shares) |
1.44 billion |
|
|
Overall Industry – Average daily consolidated volume (shares) |
7.03 billion |
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U.S. Equity Options (Bats Options – BZX Options + EDGX Options) |
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|
|
Bats Options – Overall market share |
11.4% |
|
|
Bats Options – Average daily matched volume (contracts) |
1,659,673 |
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Overall Industry – Avery daily consolidated volume (contracts) |
14.5 billion |
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|
European Equities (Bats Europe Equities ) |
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|
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Bats Europe – Overall European market share |
23.4% |
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|
Bats Europe – Average daily notional value |
€9.4 billion |
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|
Pan-European Consolidated Volume 1– Average daily notional value |
€40.0 billion |
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|
|
1 Based on Bats Europe market coverage, available at batstrading.co.uk
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European Trade Reporting (BXTR) |
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|
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BXTR – Total notional value reported |
€371.8 billion |
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|
BXTR – Average daily notional value reported |
€16.9 billion |
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|
Foreign Exchange (Hotspot) |
|
|
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Total volume traded (U.S. Dollar) |
$514.2 billion |
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|
Average daily volume (ADV) |
$23.4 billion |
Highlights for the month of May are outlined below by business line.
U.S. EQUITIES: Bats Exchanges (BYX, BZX, EDGA, EDGX) Volume & Market Share
- During May, the BZX Exchange ranked 1st or 2nd in quality of trading in 229 of the stocks in the S&P 500® Index, as measured by effective spread, according to the Bats market quality statistics.
- Combined, the Bats Exchanges had the lowest effective spread in 68% of the top 50 exchange-traded products in May.
|
|
May 2016 |
May 2015 |
|
Bats Exchanges – Overall market share |
20.5% |
21.2% |
|
Bats Exchanges – Average daily volume traded (shares) |
1.44 billion |
1.31 billion |
|
Bats Exchanges – Average daily notional value traded |
$49.1 billion |
$51.9 billion |
|
Bats Exchanges – Total notional value traded for month |
$1.03 trillion |
$1.04 trillion |
|
Bats Exchanges market share – Tape A securities |
18.7% |
18.8% |
|
Bats Exchanges market share – Tape B securities |
24.0% |
25.9% |
|
Bats Exchanges market share – Tape C securities |
21.5% |
22.4% |
|
Bats Exchanges market share in ETF trading |
24.5% |
26.1% |
For additional U.S. equities market volume information: Bats U.S. Equities Market Volume Summary
U.S. OPTIONS: Bats Options (BZX Options + EDGX Options) Volume & Market Share
|
|
May 2016 |
May 2015 |
|
Bats Options – Overall market share |
11.4% |
9.7% |
|
BZX Options – Market share |
10.6% |
9.7% |
|
EDGX Options – Market share |
0.8% |
N/A |
|
Bats Options – Overall average daily volume (contracts) |
1,659,671 |
1,447,055 |
|
BZX Options – Average daily volume |
1,533,985 |
1,447,055 |
|
EDGX Options – Average daily volume |
125,686 |
N/A |
For additional U.S. Options market volume information: Bats U.S. Options Market Volume Summary
FOREIGN EXCHANGE: Hotspot Highlights, Volume & Market Share Statistics2
- Average daily volume traded on Hotspot’s London-area matching engine was $827 million, equating to 3.5% of overall volume available on the platform, a new record.
|
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Hotspot Market Statistics |
May 2016 |
May 2015 |
|
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Total volume traded (U.S. Dollar) |
$514.2 billion |
$561.9 billion |
|
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Average daily volume (ADV) |
$23.4 billion |
$26.8 billion |
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|
Number of trading days |
22 |
21 |
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Hotspot Volume Percentage Breakdown |
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Europe |
42.4% |
45.2% |
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Americas |
41.5% |
40.2% |
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Asia |
16.0% |
14.6% |
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Top Five Currency Pairs by Volume Percentage |
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EUR/USD |
24.1% |
30.1% |
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USD/JPY |
14.6% |
15.7% |
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GBP/USD |
11.5% |
12.1% |
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AUD/USD |
8.6% |
8.6% |
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|
USD/CAD |
8.3% |
6.3% |
Hotspot daily, monthly, and quarterly volumes are posted on the Hotspot website.
EUROPEAN EQUITIES: Bats Europe + BXTR Volume & Market Share3
- According to Bats statistics on market size, 40.0% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats’ systems in May.
|
|
May 2016 |
May 2015 |
|
Bats Europe – Overall market share |
23.4% |
24.4% |
|
Bats Europe – Average daily notional value traded |
€9.4 billion |
€ 11.9 billion |
|
Displayed average daily notional value |
€8.3 billion |
€ 10.6 billion |
|
Non-displayed4 average daily notional value |
€1.1 billion |
€ 1.3 billion |
|
Bats Europe – Total notional value traded |
€206.2 billion |
€250.4 billion |
|
BXTR – Total notional value reported |
€371.8 billion |
€480.2 billion |
|
BXTR – Average daily notional value reported |
€16.9 billion |
€22.9 billion |
2 Hotspot volumes represent the notional value in U.S. dollars of all trades executed on the platform, counting one side of the transaction. Hotspot Volume Percentage Breakdown is based on the times at which the trades were executed, based on EST (i.e. EST: Asia: 5pm-2am, Europe: 2am-9am, US: 9am-5pm).
3 Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
4 BXE and CXE non-displayed order books
EUROPE: Bats Europe Equities & Market Share
For additional European Equities market volume information: Bats Europe Market Volume Summary
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|
|
May 2016 |
May 2015 |
|
|
London market overall |
26.3% |
23.7% |
|
|
FTSE 100 securities |
28.1% |
24.8% |
|
|
FTSE 250 securities |
25.8% |
24.0% |
|
|
Paris market overall |
23.5% |
27.8% |
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CAC 40 securities |
23.8% |
28.6% |
|
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CAC Next20 securities |
26.1% |
29.2% |
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Frankfurt market overall |
25.1% |
28.2% |
|
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DAX 30 securities |
25.9% |
23.5% |
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MDAX securities |
29.0% |
23.5% |
|
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TecDAX securities |
23.5% |
23.5% |
|
|
Amsterdam market overall |
23.8% |
26.3% |
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AEX securities |
24.3% |
27.3% |
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AMX securities |
20.5% |
20.7% |
|
|
Brussels market overall |
22.9% |
22.9% |
|
|
BEL 20 securities |
22.9% |
22.9% |
|
|
Milan market overall |
13.3% |
15.0% |
|
|
FTSE MIB securities |
14.6% |
15.9% |
|
|
Zurich market overall |
23.6% |
21.5% |
|
|
SMI securities |
25.3% |
22.9% |
|
|
SMIM securities |
22.4% |
22.9% |
|
|
Nordic market overall |
22.9% |
26.7% |
|
|
Helsinki OMXH25 securities |
26.1% |
32.6% |
|
|
Stockholm OMXS30 securities |
24.5% |
28.8% |
|
|
Copenhagen OMXC20 securities |
21.8% |
24.7% |
|
|
Oslo OBX securities |
21.0% |
23.4% |
|
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Vienna market overall |
12.7% |
20.1% |
|
|
ATX securities |
13.0% |
20.9% |
|
|
Lisbon market overall |
18.1% |
18.1% |
|
|
PSI-20 securities |
18.1% |
18.1% |
|
|
Dublin market overall |
13.0% |
13.0% |
|
|
ISEQ 20 securities |
13.2% |
13.2% |
|
|
Madrid market overall |
23.6% |
22.1% |
|
|
IBEX 35 securities |
24.5% |
23.5% |
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Key Indices |
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|
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EUROSTOXX 50 securities |
22.2% |
25.3% |
|
|
FTSE RIOB |
8.1% |
8.7% |
