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BATS Global Markets, an innovative global financial markets technology company, reports that BATS Exchange earned 10.72% US matched market share in June, an increase from 10.24% in May, while BATS Europe set numerous market share records in major European indices such as the FTSE 100.
Based on rankings of global equity market operators from the World Federation of Exchanges, BATS Exchange maintains a strong third place after NYSE and NASDAQ, a position it has held for eight consecutive months. BATS Exchange continues to rank ahead of exchanges based in London, Shanghai and Tokyo in terms of notional value traded, executing $541.9 billion in total matched transactions in June after reaching $531.4 billion in May. (Note: rankings based on May 2009 World Federation of Exchanges data; June 2009 data not available at press time.)
BATS Exchange also matched 1.024 billion shares per day on its book in June, compared to an average of 1.151 billion in May 2009.
BATS Europe, the fast-growing multilateral trading facility, achieved one-month market share records in June for the FTSE 100 (5.00%), CAC 40 (6.19%), DAX (4.15%), AEX (4.25%), and for all of Europe (3.32%). Notional value traded on BATS Europe reached a new record for a single day with nearly €1.24 billion on June 17th.“We are excited about the continued growth at BATS Exchange and BATS Europe as we grow our customer base,” said Joe Ratterman, CEO of BATS Exchange and BATS Global Markets. “In addition to new records in market share and volume, BATS Europe has set itself apart by demonstrating leadership in market structure areas such as standardized tick sizes, uniform symbology, competitive clearing and other key issues.
“In the US, our market share growth reflects the deep pool of liquidity available to our customers on the single BATS Exchange order book as, in addition to competitive pricing and world-class technology, our customers get the full benefit of directly interacting with 10 to 12% of the industry’s liquidity from a SINGLE source,” he said.
“As I have mentioned before, each pool of liquidity in our industry is unique and stands on its own merit. Other markets may claim larger combined market share by adding up the volume from several smaller pools they operate, but that’s not necessarily how the trading community measures the actual trading experience,” Mr. Ratterman said.
For BATS Exchange, June US market share statistics:- BATS average total handled volume of 1,212,776,885 shares daily (includes odd-lots)
- BATS average matched volume of 1,024,086,095 shares daily (excludes odd-lots)
- BATS average internal match rate of 87.01%
- BATS matched market share for Tape A securities of 9.12% (fourth best month ever)
- BATS matched market share for Tape B securities of 14.42%
- BATS matched market share for Tape C securities of 10.69%
- BATS matched market share for all securities of 10.72% (fourth best month ever)
- BATS total notional value traded of $541,891,666,105 (excludes odd lots)
Exhibit 1: BATS Exchange US Matched Market Share for all securities: September 2006 to June 2009
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Taking the top 25 U.S. stocks, ranked by total volume traded in all U.S. markets, BATS Exchange’s matched market share on a security by security basis for June was as follows:
|
Stock Name |
Total Industry Volume |
BATS Matched Volume |
BATS Market Share |
|
BAC |
7,715,562,475 |
646,423,547 |
8.38% |
|
SPY |
5,054,958,779 |
518,982,561 |
10.27% |
|
C |
4,430,363,956 |
301,311,686 |
6.80% |
|
FAZ |
4,368,655,146 |
474,459,944 |
10.86% |
|
FAS |
3,803,955,385 |
566,550,899 |
14.89% |
|
XLF |
2,932,791,206 |
554,129,146 |
18.89% |
|
QQQQ |
2,512,022,769 |
424,557,476 |
16.90% |
|
GE |
1,832,022,946 |
158,566,023 |
8.66% |
|
F |
1,823,649,084 |
131,938,300 |
7.23% |
|
WFC |
1,694,331,609 |
165,210,668 |
9.75% |
|
EEM |
1,645,579,678 |
252,988,319 |
15.37% |
|
AIG |
1,455,679,724 |
89,738,686 |
6.16% |
|
JPM |
1,419,003,962 |
150,732,910 |
10.62% |
|
MSFT |
1,411,202,992 |
216,859,492 |
15.37% |
|
SIRI |
1,404,552,989 |
35,336,720 |
2.52% |
|
ETFC |
1,346,262,891 |
130,157,676 |
9.67% |
|
INTC |
1,304,108,347 |
191,563,509 |
14.69% |
|
PFE |
1,179,912,096 |
114,258,337 |
9.68% |
|
CSCO |
1,157,208,015 |
170,292,094 |
14.72% |
|
UNG |
1,108,590,549 |
157,418,272 |
14.20% |
|
IWM |
1,094,276,751 |
200,178,731 |
18.29% |
|
S |
976,201,405 |
85,112,128 |
8.72% |
|
UYG |
964,082,943 |
153,260,560 |
15.90% |
|
RF |
958,557,582 |
80,223,122 |
8.37% |
|
SSO |
944,874,241 |
131,436,483 |
13.91% |
