BATS Global Markets (BATS) today reported volume numbers for the month of January, including the following:
- BATS Europe reported record overall average daily turnover of €2.73 billion, up 73.0% on the same month last year. The BATS Europe Dark Pool earned record average daily turnover of €135.6 million, up 159.0% on the same month last year.
- BATS Europe recorded new consolidated monthly market share records in London’s FTSE 100 (12.0%), the Swiss SMI (10.1%), Amsterdam’s AEX (7.2%), Frankfurt’s MDAX (5.9%), Brussels’ BEL20 (5.9%), Paris’ CACNext20 (5.3%) and the STOXX Europe 50 (7.9%), as well as 6.8% in Europe overall. The Multilateral Trading Facility (MTF) also earned six one-day market share records during January, including 14.6% in the FTSE 100 on Jan. 20.
- The BATS U.S. equities exchanges, BATS BZX Exchange and BATS BYX Exchange, combined for average daily matched volume of 845.5 million shares, representing 10.4% of all U.S. cash equity share volume for the month of January. In January 2010, BATS had 10.3% of the U.S. equities market.
- BATS BZX Exchange, formerly known as BATS Exchange, recorded average daily U.S. matched volume of 717.1 million shares, representing 8.8% of all U.S. cash equity share volume for the month.
- BATS BYX Exchange, the company’s second U.S. equities exchange, recorded average daily U.S. matched volume of 128.4 million shares, representing 1.6% of all U.S. cash equity share volume for the month. This represents an increase from 1.3% in December for BYX, which launched in October 2010.
- BATS Options recorded 4,546,549 matched U.S. contracts in January, representing 1.3% overall matched market share, including a one-day matched volume record of 396,397 contracts on Jan. 28. Touched market share for the month, the standard industry measurement, was 1.5%. The matched figure nearly doubled December’s 0.7%.
- In January, BATS Options rolled out new pricing and an innovative NBBO Setter Rebate program, which provides a rebate of $.50 per contract to all members that set the NBBO and get an execution and trade an average of 20,000 contracts per day on the BATS Options platform.
- The BATS 1000 Index (BATSK) increased 2.0% in January ending the month at 14,529.78. The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors.
A breakdown of January volume and market share for each market center is outlined below:
|
U.S. Equities*: |
January |
|
|
|
2011 |
2010** |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages) |
|
|
Average daily matched volume |
845.5 |
933.5 |
|
Total notional value traded for the month |
$533,610.6 |
$505,851.0 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
8.5% |
7.9% |
|
Tape B |
15.2% |
16.6% |
|
Tape C |
11.9% |
11.4% |
|
Overall matched market share |
10.4% |
10.3% |
|
|
|
|
|
Volume By Exchange:
|
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
717.1 |
933.5 |
|
Total notional value traded for the month |
$475,009.7 |
$505,851.0 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
6.8% |
7.9% |
|
Tape B |
14.0% |
16.6% |
|
Tape C |
10.3% |
11.4% |
|
Overall matched market share |
8.8% |
10.3% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
128.4 |
N/A |
|
Total notional value traded for the month |
$58,600.8 |
N/A |
|
Market share percentage (for the period): |
|
|
|
Tape A |
1.7% |
N/A |
|
Tape B |
1.2% |
N/A |
|
Tape C |
1.6% |
N/A |
|
Overall matched market share |
1.6% |
N/A |
|
|
|
|
*Volume and notional figures exclude odd-lots
**2010 figures reflect BZX volume only, as BYX was launched in October 2010.
|
BATS Options:
|
January |
|||||
|
|
2011 |
2010 |
||||
|
|
Contracts |
Market share |
Internal Match Rate |
Contracts |
Market share |
Internal Match Rate |
|
Average daily matched volume |
227,327 |
1.3% |
78.1% |
N/A |
N/A |
N/A |
|
Average daily touched volume |
290,886 |
1.5% |
|
N/A |
N/A |
|
|
BATS Europe***:
|
January |
||
|
|
2011 |
2010 |
|
|
|
(In millions, except percentage) |
||
|
Average daily notional value traded |
€ 2,732.91 |
€ 1,575.3 |
|
|
Total notional value for the month |
€ 58,650.61 |
€ 31,506.6 |
|
|
Average daily notional value for BATS Europe Dark Pool |
€ 135.61 |
€ 52.5 |
|
|
|
|
||
|
Pan-European market share percentage (for the period):
|
|
||
|
Overall European market share |
6.8%1 |
4.6% |
|
|
STOXX 50 securities |
7.9%1 |
5.1% |
|
|
|
|
|
|
|
London market overall |
10.3% |
8.0% |
|
|
FTSE 100 securities |
12.0%1 |
8.4% |
|
|
FTSE 250 securities |
6.2% |
5.9% |
|
|
|
|
|
|
|
Paris market overall |
5.0% |
3.5% |
|
|
CAC 40 securities |
5.5%2 |
4.0% |
|
|
CAC Next20 securities |
5.3%1 |
2.5% |
|
|
|
|
|
|
|
Frankfurt market overall |
6.2% |
4.2% |
|
|
DAX 30 securities |
6.5%2 |
4.7% |
|
|
MDAX securities |
5.9%1 |
2.5% |
|
|
|
|
|
|
|
Amsterdam market overall |
7.1% |
4.2% |
|
|
AEX securities |
7.2%1 |
4.2% |
|
|
|
|
|
|
|
Brussels market overall |
6.4% |
2.9% |
|
|
BEL 20 securities |
5.9%1 |
3.1% |
|
|
|
|
|
|
|
Milan market overall |
6.3% |
6.7% |
|
|
FTSE MIB securities |
6.6% |
6.8% |
|
|
|
|
|
|
|
Zurich market overall |
9.4% |
3.4% |
|
|
SMI securities |
10.1%1 |
3.6% |
|
|
|
|
|
|
|
Helsinki market overall |
8.4% |
2.5% |
|
|
OMXH25 securities |
8.5%3 |
2.6% |
|
|
|
|
|
|
|
Stockholm market overall |
6.0% |
3.4% |
|
|
OMXS30 securities |
6.3%2 |
3.6% |
|
|
|
|
|
|
|
Copenhagen market overall |
6.9% |
1.4% |
|
|
OMXC20 securities |
7.0%2 |
1.4% |
|
|
|
|
|
|
|
Additional markets: |
|
|
|
|
Oslo market overall |
3.3% |
0.6% |
|
|
Lisbon market overall |
3.4% |
0.3% |
|
|
Vienna market overall |
1.0% |
0.0% |
|
|
Madrid market overall |
0.1% |
0.0% |
|
(1) New Record; (2) 2nd highest in firm history; (3) 3rd highest in firm history
***Figures represent consolidated figures (lit and dark books), unless otherwise noted.
To track U.S. and Europe market share for all major trading exchanges and other venues, please visit:
U.S. Equities - http://batstrading.com/market_summary/
Europe Equities - http://www.batstrading.co.uk/market_data/market_share/index/
U.S. Options - http://www.batsoptions.com/market_summary/
