BATS Global Markets February Highlights - New Market Share Records In US, Spain, Trade Reporting

BATS Global Markets (BATS) today reported February volume, market share, and monthly highlights:

BATS reported 20.4% U.S. equities market share in February, a new company record in the first month with BATS and Direct Edge combined under the BATS Global Markets brand.
Following the close of its merger with Direct Edge on January 31, BATS announced the combined executive team including CEO Joe Ratterman and President William O’Brien.
BATS also announced its data center strategy and integration timeline for the new combined organization. BATS selected Equinix’s NY5 data center in Secaucus, N.J., as its primary data center and future home to all of the BATS U.S. Exchanges. The migration of the Direct Edge Exchanges – EDGA and EDGX – will take place in January 2015, and the BATS Exchanges – BZX and BYX – will move in the second quarter of 2015.
- Information on the integration process, including a recording of the customer integration call and presentation slides, are available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.
In Europe, BATS Chi-X Europe set new monthly market share records in Spain’s IBEX 35 with 19.1% market share, up 8.9% year-on-year. BATS Chi-X Europe also set new market share records in Dublin’s ISEQ 20 (at 8.4%) and Vienna’s ATX (at 20.8%). BATS Chi-X Europe remains the largest equities exchange in Europe, reporting consolidated market share of 21.9%.
BXTR, BATS Chi-X Europe’s pan-European trade reporting facility, reported 48.6% market share in February, according to BATS and Thomson Reuters.

“As the first month as a combined organization, February marked the beginning of a new chapter in the story of BATS Global Markets and we couldn’t be more excited about the opportunities ahead,” said BATS CEO Joe Ratterman. “We’ve listened closely to our customers and I am pleased to report that we’ve made significant progress on the integration this month with the announcement of our data center strategy and integration timeline, and we will remain laser-focused on achieving a seamless integration process for our customers in the months ahead.”

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