BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported U.S. equities market share of 12.3% in July, the second-best monthly market share performance in the company’s seven-year history, as well as numerous monthly records in Europe including the Nordic and Portuguese markets.
BATS Chi-X Europe remained the largest pan-European market by notional value traded in July, recording a second consecutive monthly market share record in the overall Nordic market with 26.1%, including individual records in Stockholm’s OMXS30 (29.6%), Copenhagen’s OMXC20 (21.8%), Oslo’s OBX (21.1%) and Lisbon’s PSI-20 (16.5%). Overall European market share reached 24.6%, up from 24.4% one year ago on a pro forma basis.
In the U.S., BATS Options again recorded strong month-over-month growth with market share rising to 3.6% matched market share, up from 3.5% in June.
“Our significant market share growth in the U.S., despite a steep decline in overall industry equity volumes, highlights BATS’ ability to meet our customers’ needs and our ability to continue to grow our core markets, even in challenging market environments,” said CEO and President Joe Ratterman. “U.S. Options also reported one of its strongest months to date as the level of overall customer participation continues to increase.”
“In addition, we are happy to report that BATS Chi-X Europe remains the largest pan-European market by notional value traded and we continue to see growth in numerous key indices, as evidenced by monthly records in Stockholm’s OMXS, Copenhagen’s OMXC, Oslo’s OBX and Lisbon’s PSI-20,” he said.
BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange (the BATS Exchanges); BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral trading facility.
July 2012 Highlights
U.S. Equities and Options:
|
BATS Exchanges (BZX Exchange and BYX Exchange) |
|
|
Matched Market Share |
12.3% (vs. 11.5% in June; 11.1% one year ago) |
|
Average Daily Matched Volume |
750 million shares |
|
BATS Options |
|
|
Matched Market Share |
3.6% (vs. 3.5% in June; 3.9% one year ago) |
|
Average Daily Matched Volume |
517,079 contracts |
- · BATS U.S. cash equities market share of 12.29%, second best ever (record is 12.34% in August 2011)
- · BATS BZX Exchange recorded 9.2% market share in July, while BYX reported 3.10%
- The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 189.97 points, or 1.24%, to close at 15,497.44
European Equities:
|
BATS Chi-X Europe |
|
|
Overall European Market Share |
24.6% (vs. 24.5% in June; vs. 24.4% one year ago1) |
|
Combined Total Notional Value Traded |
€159.7 billion |
|
Combined Average Daily Notional Value |
€7.26 billion |
|
New Individual Market Records |
Nordics overall = 26.1% (vs. 25.2% in June; 19.2% one year ago1) OMXS = 29.6% (vs. 29.5% in June; 21.8% one year ago1) OMXC = 21.8% (vs. 21.3% in June; 17.1% one year ago1) OBX = 21.1% (vs. 19.5% in June; 14.4% one year ago1) PSI-20 = 16.5% (vs. 14.2 % in June; 13.1% one year ago1) |
1 All 2011 figures are on a pro forma basis.
- BATS Chi-X Europe remains the largest European equities market center by market share and notional value traded.
- Monthly market share exceeded 20% in the markets of London, Paris, Amsterdam, Frankfurt, Brussels, Zurich and the Nordics.
- Market share in Madrid’s IBEX 35 was 5.1% vs 1.6% a year ago.
July 2012 Volume and Market Share Summary
A complete breakdown of July volume and market share for each market center is outlined below. To track U.S. and Europe market share for all major trading exchanges and other venues, please visit: http://www.batsglobalmarkets.com/markets/
U.S. Equities: |
|
|
|
|
July 2012 |
July 2011 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
750.0 |
774.5 |
|
Total notional value traded for the month |
$512,120.5 |
$567,557.3 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
11.1% |
9.1% |
|
Tape B |
15.0% |
15.4% |
|
Tape C |
13.2% |
12.3% |
|
Overall matched market share |
12.3% |
11.1% |
|
Volume By Exchange: |
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
560.9 |
620.1 |
|
Total notional value traded for the month |
$404,763.4 |
$476,638.6 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
7.9% |
6.7% |
|
Tape B |
12.2% |
13.6% |
|
Tape C |
10.1% |
10.0% |
|
Overall matched market share |
9.2% |
8.9% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
189.2 |
154.4 |
|
Total notional value traded for the month |
$107,357.1 |
$90,918.7 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
3.2% |
2.3% |
|
Tape B |
2.9% |
1.8% |
|
Tape C |
3.0% |
2.2% |
|
Overall matched market share |
3.1% |
2.2% |
|
|
|
|
|
BATS Options: |
|
|||
|
|
July 2012 |
July 2011 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
517,079 |
3.6% |
664,010 |
3.9% |
|
|
|
|
|
|
2 Adjusted from 4.4%, which was published in July 2011 volume press release.
European Equities3: |
July 2012 |
July 2011 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€159,728.6 |
€197,093.1 |
|
Average daily notional value |
€7,260.3 |
€9,385.3 |
|
Displayed average daily notional value |
€6,842.7 |
€8,940.0 |
|
Non-displayed4 average daily notional value |
€417.6 |
€445.3 |
|
|
|
|
|
Market share by platform (for the period): |
||
|
Overall European market share |
24.6% |
24.4% |
|
STOXX Europe 50 securities |
26.6% |
27.4% |
|
|
|
|
|
London market overall |
30.0% |
32.5% |
|
FTSE 100 securities |
33.7% |
37.1% |
|
FTSE 250 securities |
24.7% |
27.7% |
|
|
|
|
|
Paris market overall |
23.8% |
26.0% |
|
CAC 40 securities |
24.7% |
28.3% |
|
CAC Next20 securities |
25.6% |
23.1% |
|
|
|
|
|
Frankfurt market overall |
26.5% |
25.9% |
|
DAX 30 securities |
27.6% |
29.5% |
|
MDAX securities |
27.9% |
22.0% |
|
|
|
|
|
Amsterdam market overall |
25.8% |
29.8% |
|
AEX securities |
26.3% |
30.8% |
|
|
|
|
|
Brussels market overall |
20.4% |
26.9% |
|
BEL 20 securities |
21.3% |
28.4% |
|
|
|
|
|
Milan market overall |
14.7% |
19.9% |
|
FTSE MIB securities |
15.4% |
20.4% |
|
|
|
|
|
Zurich market overall |
26.0% |
23.6% |
|
SMI securities |
27.6% |
25.1% |
|
SMIM securities |
17.9% |
13.1% |
|
|
|
|
|
Nordic market overall |
26.1% |
19.2% |
|
Helsinki OMXH25 securities |
27.3% |
23.3% |
|
Stockholm OMXS30 securities |
29.6% |
21.8% |
|
Copenhagen OMXC20 securities |
21.8% |
17.1% |
|
Oslo OBX securities |
21.1% |
14.4% |
|
|
|
|
|
Vienna market overall |
17.5% |
10.6% |
|
ATX securities |
17.7% |
10.8% |
|
|
|
|
|
Lisbon market overall |
16.3% |
13.1% |
|
PSI-20 securities |
16.5% |
13.1% |
|
|
|
|
|
Dublin market overall |
4.6% |
2.1% |
|
ISEQ 20 securities |
4.7% |
2.1% |
|
|
|
|
|
Madrid market overall |
5.1% |
1.6% |
|
IBEX 35 securities |
5.1% |
1.7% |
3 Figures represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted. All 2011 figures are on a pro forma basis.
4BXE and CXE non-displayed order books.
