BATS Global Markets (BATS) today reported November volume, market share, and monthly highlights including the strongest month this year in Europe, with 22.9% market share.
- In the U.S., BATS earned 20.3% U.S. equities market share in November and reported average daily matched volume of 1.25 billion shares. BATS Options recorded 5.8% market share vs. 2.8% one year ago.
- In Europe, more than €320.5bn was reported to BXTR, the exchange’s trade reporting facility.
- European market share grew in key markets: share of the French market increased 2.8 percentage points on October 2013; share of the German market was up 3.4 percentage points, and share of the Spanish market was up 2.7 percentage points. BATS Chi-X Europe also made material market share gains in key mid-cap indices.
- On November 4th, BATS announced that Chris Concannon would join the firm as president. Mr. Concannon will be based in New York and will join the company on December 15th.
- In the U.S., BATS remains on schedule for the completion of the Direct Edge integration in January 2015. BATS held a customer call on November 25th to review the final transition timeline. Information on the integration process, including a recording of the customer call and presentation slides, is available at bats.com/edgeintegration.
- BATS Chi-X Europe was honoured in three separate annual awards rankings, winning ‘Hall of Fame - Outstanding Trading Venue’ at The Trade’s annual Leaders in Trading awards; ‘Best Trading Platform or Venue’ at the Banking Technology Awards; and receiving a special commendation as ‘Newcomer/Innovator of the Year’ at the 10th annual Funds Europe Awards. The exchange has won eight industry awards this year.
“This past year has been pivotal for BATS and as we close out the year, we are excited to welcome industry veteran Chris Concannon on board as president later this month,” said BATS Global Markets CEO Joe Ratterman. “Chris is one of the most respected and accomplished executives in the industry and we couldn’t be more excited for him to join the BATS team as we complete the Direct Edge integration in January.”
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