Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

BATS Global Markets June Highlights: Market Share Remains Strong Globally - Company Plans New York, Chicago Expansion - BATS Chi-X Europe Reports 20.3% Market Share

Date 07/07/2014

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.

BATS Exchanges (BZX, BYX, EDGA, EDGX) – Market Volume Summary, Volume, and Statistics

 

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).

BATS Options Market Share and Volume

 

June 2014

June 2013

 

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.

BATS Chi-X Europe Market Share by Market 2

 

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%

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.