BATS Global Markets (BATS) today reported June volume, market share, and monthly highlights:
- In the U.S., BATS earned 19.2% U.S. equities market share in June, up from 10.4% a year ago. BATS Options recorded 3.9% market share vs. 3.8% one year ago.
- In Europe, BATS Chi-X Europe finished with overall market share of 20.3%. Over the course of the month €308bn was reported to BATS’ trade reporting facility, BXTR. In addition, a further four participants are now reporting to BXTR with Deutsche Bank, Instinet, KCG and Liquidnet now using the service.
- On June 9, BATS Chi-X Europe, in partnership with Euroclear Bank, announced the first exchange-traded fund (ETF) listing on BATS – iShares MSCI USA Dividend IQ UCITS ETF – with an international securities structure.
- On June 26, BATS announced the signing of a a 10-year lease renewal at its Kansas City-area global headquarters, as well as plans to open a Chicago office and expand its New York City presence due to the Direct Edge Holdings merger.
- On June 30, BATS announced the upcoming roll-out of the BATS One Feed, a market data product that provides cost-effective, high-quality quote and trade information for market participants looking for comprehensive, real-time market data across all of BATS’ markets.
- In the U.S., BATS remains on schedule with the Direct Edge integration and member connectivity to the EDGA and EDGX production environments within the Equinix NY5 data center is now available (as of June 30). Additional information on the integration is available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.
June 2014 Volume and Market Share Summary
|
U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX) |
June 2014 |
|
Overall Industry – Average Daily Consolidated Volume |
5.79 billion shares |
|
BATS Exchanges – Matched Market Share |
19.2% |
|
BATS Exchanges – Average Daily Matched Volume |
1.12 billion shares |
|
U.S. Equity Options (BATS Options) |
|
|
BATS Options – Matched Market Share |
3.9% |
|
BATS Options – Average Daily Matched Volume |
580,646 contracts |
|
European Equities (BATS Chi-X Europe) |
|
|
Pan-European Consolidated Volume1 – Average Daily Notional Value |
€35.9 billion |
|
BATS Chi-X Europe – Overall European Market Share |
20.3% |
|
BATS Chi-X Europe – Total Notional Value Traded |
€152.8 billion |
|
BATS Chi-X Europe – Average Daily Notional Value |
€7.28 billion |
1Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk
Additional details regarding BATS’ volume and market share data by market – U.S. equities, U.S. equity options, and European equities – is outlined below.
U.S. Equities – BATS Exchanges Volume and Market Share Statistics
Market Quality Statistics
- During June, the BZX Exchange ranked 1st or 2nd in quality of trading in 76% of the stocks in the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics.
- Combined, the BZX Exchange and EDGX Exchange had the lowest effective spread in 15 of the top 25 exchange-traded products.
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BATS Exchanges (BZX, BYX, EDGA, EDGX) – Market Volume Summary, Volume, and Statistics |
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|
|
June 2014 |
June 20132 |
|
BATS Exchanges percentage of overall U.S. equities market share |
19.2% |
10.4% |
|
Average daily volume (ADV) traded on BATS Exchanges |
1.12 billion |
739.1 million |
|
Total industry volume |
5.79 billion |
6.68 million |
|
Total notional value traded on BATS Exchanges |
$905.7 billion |
$565.3 billion |
|
Average daily notional value traded on BATS Exchanges |
$43.1 billion |
$28.3 billion |
|
BATS overall market share – Tape A securities |
17.5% |
8.9% |
|
BATS overall market share – Tape B securities |
24.1% |
14.4% |
|
BATS overall market share – Tape C securities |
19.6% |
10.1% |
|
BATS overall market share in ETF trading3 |
24.8% |
14.7% |
|
BATS 1000 Index monthly performance and close |
-2.4% 21,139.22 |
-1.5% 18,305.50 |
2BATS BZX and BYX Exchange data only
3Based on ArcaVision.com data
To track U.S. equities market share for all major trading exchanges and off-exchange trading, please view the
BATS U.S. Equities Market Volume Summary.
U.S. Equity Options – BATS Options Volume and Market Share Statistics
- The five most actively-traded options classes on BATS Options during June were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (APPL), iShares Russell 2000 Index ETF (IWM), iPath S&P 500 VIX ST Futures ETN (VXX), and PowerShares QQQ Trust, Series 1 ETF (QQQ).
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BATS Options Market Share and Volume |
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|
June 2014 |
June 2013 |
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|
|
Contracts |
Market share |
Contracts |
Market Share |
|
Average daily matched volume |
580,646 |
3.9% |
669,966 |
3.8% |
To track U.S. options market share for all major trading exchanges, please view the BATS U.S. Options Market Volume Summary.
European Equities – BATS Chi-X Europe Volume and Market Share Statistics
To track European market share for all major trading exchanges and other venues, please view the
BATS Pan-European Market Volume Summary.
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BATS Chi-X Europe Market Share by Market 2 |
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|
|
June 2014 |
June 2013 |
|
|
(In millions, except percentage) |
|
|
BATS Chi-X Europe overall market share |
20.3% |
22.5% |
|
BATS Chi-X Europe Average daily notional value |
€ 7,278.3 |
€8,017.8 |
|
Displayed average daily notional value |
€ 6,529.9 |
€7,388.6 |
|
Non-displayed3 average daily notional value |
€ 748.4 |
€629.2 |
|
|
|
|
|
London market overall |
22.7% |
26.1% |
|
FTSE 100 securities |
24.8% |
29.7% |
|
FTSE 250 securities |
20.9% |
19.5% |
|
Nordic market overall |
23.1% |
26.7% |
|
Helsinki OMXH25 securities |
25.3% |
28.6% |
|
Stockholm OMXS30 securities |
24.7% |
30.1% |
|
Copenhagen OMXC20 securities |
21.4% |
25.4% |
|
Oslo OBX securities |
22.2% |
20.6% |
|
Frankfurt market overall |
20.7% |
25.5% |
|
DAX 30 securities |
22.2% |
27.5% |
|
MDAX securities |
19.8% |
21.8% |
|
SDAX securities |
9.5% |
8.4% |
|
Zurich market overall |
20.0% |
21.6% |
|
SMI securities |
21.9% |
23.3% |
|
SMIM securities |
20.3% |
16.7% |
|
Paris market overall |
21.7% |
20.6% |
|
CAC 40 securities |
21.9% |
22.1% |
|
CAC Next20 securities |
24.1% |
16.9% |
|
Brussels market overall |
22.5% |
22.5% |
|
BEL 20 securities |
22.8% |
22.8% |
|
Amsterdam market overall |
20.4% |
20.1% |
|
AEX securities |
21.0% |
20.7% |
|
AMX securities |
19.5% |
16.5% |
|
Vienna market overall |
18.4% |
13.2% |
|
ATX securities |
19.4% |
13.6% |
|
Milan market overall |
13.8% |
12.9% |
|
FTSE MIB securities |
14.7% |
13.6% |
|
Madrid market overall |
15.0% |
14.0% |
|
IBEX 35 securities |
15.7% |
14.4% |
|
Lisbon market overall |
8.9% |
11.2% |
|
PSI-20 securities |
9.1% |
11.3% |
|
Dublin market overall |
9.0% |
4.9% |
|
ISEQ 20 securities |
9.1% |
4.9% |
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Key Indices |
|
|
|
EUROSTOXX 50 securities |
19.6% |
22.5% |
|
FTSE RIOB |
7.2% |
7.4% |
2Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
3BXE and CXE non-displayed order books.
