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BATS Global Markets (BATS), a global operatorof stock and options markets, today reported its third consecutive month above 12% matched market share in U.S. equities reporting 12.1% vs. 9.0% one year ago. BATS Options and BATS Europe also recorded solid performances in October, reporting 3.6% and 5.1% matched market share, respectively.
BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe, which operates an FSA-authorised multilateral trading facility in Europe. October 2011 highlights for each of these markets are outlined below.
BATS U.S. Equities:
- BATS U.S. equities reported matched market share of 12.1% in October 2011, the second-best month in company history and third consecutive month above 12%. The monthly market share record is 12.3%, which was set in August 2011.
- BATS set a new matched market share record in Tape A securities with 10.2% and reported its second-best month ever in Tape C securities with 13.3%.
- BATS U.S. equities reported average daily matched volume of 1,044.6 million shares in October2011.
BATS Options:
- BATS Options reported matched market share of 3.6% in October 2011 with average daily matched volume of 650,680 contracts.
- BATS Options’ highest one-day matched contract volume for the month was 903,279 contracts, reported on October 27.
BATS Europe:
- BATS Europe celebrated the third anniversary of its launch on October 31 and reported overallEuropean market share of 5.1% in October.
- BATS Europe reported total notional value in October of €40.2 billion traded and average daily notional value of €1.85 billion.
- The BATS Europe Dark Pool earned average notional value traded of €141.6 million for the month versus €63.2 million a year ago.
Additional company news:
- On October 20, the UK Competition Commission announced it has provisionally decided to approve the acquisition of Chi-X Europe by BATS Global Markets. The Competition Commission reviewed the transaction and provisionally concluded that it does not expect it to result in a substantial lessening of competition. The Commission is expected to publish its final report by December 2, 2011, the statutory deadline for completion of its inquiry. Assuming that the UK Competition Commission clears the acquisition in its final decision, it is anticipated that the transaction will be completed by the end of this year.
- BATS remains on track to launch its U.S. primary listings business in December 2011. As a new primary listings exchange, BATS will provide issuers an alternative for initial public offerings (IPOs) and stock listing transfers.
- BATS Europe transitioned to a new data center facility, Equinix Slough, and launched live trading on October 10.on October 10.
- The BATS 1000SM Index ended the month up 1,438.85 points, or 11.2%, to end at 14,270.67. 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.
- Among global equities markets operators in September 2011, BATS remained the third-largest in the world after NYSE Euronext and NASDAQ in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. In September, all three of BATS’ equity market centers ranked among the top 25 largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, the BYX Exchange was ranked #13, and BATS Europe was ranked#25. (October 2011 information for international exchanges is not yet available.)
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