BATS Global Markets (BATS),a leading operator of securities markets in the U.S. and Europe, today reported August U.S. equities market share of 12.8%, the best monthly market share performance in the company’s six-year history.
Much of the growth was driven by the company’s BYX Exchange, which set a monthly market share record of 3.7% less than two years since its October 2010 inception.
“Our strong momentum continued in August with the best U.S. equities monthly market share performance in our six-year history," said President and Chief Executive Joe Ratterman. "We also witnessed further success in our options business and new record market share in Copenhagen, Frankfurt and Vienna.
“Increasingly, the broker-dealer community appreciates the price improvement, reliability, and overall trading experience on the platforms we operate, contributing to our consistent growth," he said.
BATS Chi-X Europe also remained the largest pan-European market by notional value traded in August, with monthly market share exceeding 25% in the UK, German, Swiss, Dutch, Swedish and Finnish markets. Overall European market share was 23.8%. Monthly records were achieved in Germany’s MDAX (29.0%), Denmark’s OMXC20 (22.3%) and Austria’s ATX (18.7%).
In the U.S., BATS Options again recorded month-over-month matched market share of 3.7% up from 3.6% in July.
BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange (the BATS Exchanges); BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which runs an FSA-authorized multilateral trading facility.
August 2012 Highlights
U.S. Equities and Options:
|
BATS Exchanges (BZX Exchange and BYX Exchange) |
|
|
Matched Market Share |
12.8% (vs. 12.3% in July; 12.3% one year ago) |
|
Average Daily Matched Volume |
693.6 million shares |
|
BATS Options |
|
|
Matched Market Share |
3.7% (vs. 3.6% in July; 3.7% one year ago)2 |
|
Average Daily Matched Volume |
485,935 contracts |
- BATS U.S. cash equities market share of 12.8%, best month on record.
- The BATS Exchanges set a new monthly market share record in Tape A (NYSE-listed) securities, capturing 11.8% market share.
- BATS BYX hit a new market share record of 3.7% in less than two years since its inception.
- BATS Retail Price Improvement program on track for likely 2012 launch.
- The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 243.25 points, or 1.5%, to close at 15,740.69.
European Equities:
|
BATS Chi-X Europe |
|
|
Overall European Market Share |
23.8% (vs. 24.6% in July; vs. 25.1% one year ago1) |
|
Combined Total Notional Value Traded |
€133.9 billion |
|
Combined Average Daily Notional Value |
€5.8 billion |
|
New Individual Market Records |
MDAX = 29.0% (vs. 27.9% in July; 23.9% one year ago1) OMXC = 22.3% (vs. 21.8% in July; 17.1% one year ago1) ATX = 18.7% (vs. 17.7% in July; 9.8% one year ago1) |
1All 2011 figures are on a pro forma basis.
- BATS Chi-X Europe remains the largest European equities market center by market share and notional value traded.
- Monthly market share exceeded 25% in theUK, German, Swiss, Dutch, Swedish and Finnish markets, and reached 25% of the overall Nordic market.
August 2012 Volume and Market Share Summary
A complete breakdown of August volume and market share for each market center is outlined below.To track U.S. and Europe market share for all major trading exchanges and other venues, please visit:http://www.batsglobalmarkets.com/markets/
U.S. Equities: |
|
|
|
|
August 2012 |
August 2011 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
693.6 |
1,303.8 |
|
Total notional value traded for the month |
$505,538.5 |
$1,062,829.5 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
11.8% |
9.9% |
|
Tape B |
15.1% |
16.8% |
|
Tape C |
13.4% |
14.0% |
|
Overall matched market share |
12.8% |
12.3% |
|
|
|
|
|
Volume By Exchange:
|
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
492.6 |
1,045.2 |
|
Total notional value traded for the month |
$378,684.9 |
$900,088.1 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
8.0% |
7.3% |
|
Tape B |
11.8% |
14.9% |
|
Tape C |
9.8% |
11.4% |
|
Overall matched market share |
9.1% |
9.9% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
201.0 |
258.6 |
|
Total notional value traded for the month |
$126,853.6 |
$162,741.4 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
3.9% |
2.6% |
|
Tape B |
3.3% |
1.9% |
|
Tape C |
3.6% |
2.6% |
|
Overall matched market share |
3.7% |
2.5% |
|
|
|
|
|
BATS Options: |
|
|||
|
|
August 2012 |
August 2011 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
485,935 |
3.7% |
866,843 |
3.7% |
|
|
|
|
|
|
2Adjusted from 4.2%, which was published in July 2011 volume press release.
European Equities3: |
August 2012 |
August 2011 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€133,917.2 |
€282,211.9 |
|
Average daily notional value |
€5,822.4 |
€12,270.1 |
|
Displayed average daily notional value |
€5,485.9 |
€11,712.1 |
|
Non-displayed4 average daily notional value |
€336.5 |
€558.0 |
|
|
|
|
|
Market share by platform (for the period): |
||
|
Overall European market share |
23.8% |
25.1% |
|
STOXX Europe 50 securities |
25.6% |
27.8% |
|
|
|
|
|
London market overall |
29.1% |
34.0% |
|
FTSE 100 securities |
32.2% |
39.1% |
|
FTSE 250 securities |
26.5% |
29.4% |
|
|
|
|
|
Paris market overall |
23.5% |
25.9% |
|
CAC 40 securities |
24.5% |
27.9% |
|
CAC Next20 securities |
24.8% |
25.5% |
|
|
|
|
|
Frankfurt market overall |
25.2% |
24.0% |
|
DAX 30 securities |
26.2% |
26.2% |
|
MDAX securities |
29.0% |
23.9% |
|
|
|
|
|
Amsterdam market overall |
25.4% |
30.3% |
|
AEX securities |
25.9% |
31.0% |
|
|
|
|
|
Brussels market overall |
21.9% |
26.8% |
|
BEL 20 securities |
22.1% |
28.5% |
|
|
|
|
|
Milan market overall |
11.9% |
19.0% |
|
FTSE MIB securities |
12.4% |
19.5% |
|
|
|
|
|
Zurich market overall |
25.3% |
24.7% |
|
SMI securities |
27.1% |
26.2% |
|
SMIM securities |
15.8% |
14.5% |
|
|
|
|
|
Nordic market overall |
24.9% |
19.3% |
|
Helsinki OMXH25 securities |
26.0% |
22.9% |
|
Stockholm OMXS30 securities |
28.0% |
22.6% |
|
Copenhagen OMXC20 securities |
22.3% |
17.1% |
|
Oslo OBX securities |
20.5% |
14.1% |
|
|
|
|
|
Vienna market overall |
18.4% |
9.7% |
|
ATX securities |
18.7% |
9.8% |
|
|
|
|
|
Lisbon market overall |
16.1% |
17.4% |
|
PSI-20 securities |
16.3% |
17.4% |
|
|
|
|
|
Dublin market overall |
6.0% |
2.6% |
|
ISEQ 20 securities |
6.0% |
2.6% |
|
|
|
|
|
Madrid market overall |
3.4% |
1.9% |
|
IBEX 35 securities |
3.5% |
2.0% |
3Figures represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted. All 2011 figures are on a pro forma basis.
4BXE and CXE non-displayed order books.
