BATS Europe Exceeds 10% April FTSE Market Share - BATS Exchange, NYSE, Nasdaq Propose Reduced Tick Size Pilot

BATS Europe’s continued growth was an April highlight, with the platform achieving a pair of noteworthy firsts: averaging greater than 10% FTSE 100 market share for an entire month and exceeding €3 billion traded in a single day. BATS also set Europe records in several key indices.

BATS Exchange, meanwhile, remained the third largest exchange in the world in terms of notional value traded, easily outdistancing exchanges from Shanghai, Tokyo and London. Market share on our single platform was 9.4% vs 9.5% last month but, while BATS Exchange’s market share was steady, our chief competitors NYSE and Nasdaq experienced significant dips at their US platforms.   

In the US options market, BATS Options continued its growth, registering a high of more than 113,000 contracts on April 16. We still anticipate reaching 3%-5% market share by year end as customers continue to connect and ramp up.

Elsewhere, we await the SEC’s approval of BYX, our second US equities exchange, and continue to weigh in on regulatory matters. Along with NYSE and Nasdaq, we have proposed a pilot of reduced tick sizes for some securities.