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BATS Global Markets (BATS) today reported that BATS Chi-X Europe posted overall market share of 23.4% in September, with a new monthly market share record set in Germany’s SDAX (8.8%) and its second-best month on record for market share in Depositary Receipts (FTSE ROIB, 8.3%).
BATS Chi-X Europe remained the largest pan-European market by market share and notional value traded in September, with monthly market share exceeding 26% in the UK, German, Swedish and Finnish markets. Overall, average daily notional value traded on BATS Chi-X Europe was €7.9 billion in September vs €7.0 billion in August. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €33.8 billion in September, up from €28.7 billion in August.
In the U.S., BATS reported 9.7% market share in U.S. equities as overall equities industry average daily volume fell to 6.1 billion shares from 6.5 billion shares one year ago. BATS Options reported market share of 4.1% in September, unchanged from August.
Additional September Highlights:
- The BATS Exchange welcomed the iShares Short Maturity Bond ETF (Symbol: NEAR), which began trading on September 26. There are now 20 ETFs listed on BATS Exchange.
- As part of its ongoing Business Continuity Planning efforts, BATS successfully operated all of its U.S. operations from its disaster recovery site for the second time this year on September 6 to ensure the company is prepared for any disaster situations that could impact the company headquarters. Additionally, BATS Chi-X Europe successfully conducted a disaster recovery test on Saturday, September 28, which simulated various disaster recovery failover scenarios for the exchange.
- BATS Global Markets was recognized by the Kansas City Business Journal as one of the “Best Places to Work” in Kansas City. This was the third year BATS has been recognized with this honor.
- During September, the BATS BZX Exchange ranked 1st or 2nd in quality of trading in 366 of the 500 stocks that make up the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in 12 of the top 25 exchange traded products.
September 2013 Volume and Market Share Summary
|
U.S. Equities |
September 2013 |
|
Overall Industry – Average Daily Consolidated Volume |
6.1 billion shares |
|
BATS Exchanges (BZX and BYX Exchange) – Matched Market Share |
9.7% |
|
BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume |
594.4 million shares |
|
U.S. Equity Options |
|
|
BATS Options – Matched Market Share |
4.1% |
|
BATS Options – Average Daily Matched Volume |
637,119 contracts |
|
European Equities |
|
|
Pan-European Total Consolidated Volume1 – Average Daily Notional Value |
€33.8 billion |
|
BATS Chi-X Europe – Overall European Market Share |
23.4% |
|
BATS Chi-X Europe – Total Notional Value Traded |
€166.1 billion |
|
BATS Chi-X Europe – Average Daily Notional Value |
€7.9 billion |
1Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk
Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity Options, European Equities
A complete breakdown of September volume and market share for each market center is outlined below. To track U.S. and European market share for all major trading exchanges and other venues, please visit: http://www.bats.com/markets
|
U.S. Equities (The BATS Exchanges) |
||
|
|
September 2013 |
September 2012 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
594.4 |
806.5 |
|
Total notional value traded for the month |
$442,476.5 |
$505,628.5 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
9.7% |
12.4% |
|
Tape A |
8.4% |
11.7% |
|
Tape B |
13.4% |
13.9% |
|
Tape C |
9.8% |
12.9% |
|
|
|
|
|
Volume By Exchange: |
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
478.9 |
585.2 |
|
Total notional value traded for the month |
$359,775.2 |
$383,698.7 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
7.8% |
9.0% |
|
Tape A |
6.6% |
8.1% |
|
Tape B |
11.0% |
11.0% |
|
Tape C |
8.1% |
9.7% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
115.5 |
221.3 |
|
Total notional value traded for the month |
$82,701.3 |
$121,929.8 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
1.9% |
3.4% |
|
Tape A |
1.8% |
3.6% |
|
Tape B |
2.4% |
2.9% |
|
Tape C |
1.7% |
3.2% |
|
|
|
|
|
BATS 1000 Index (a broad-based U.S. equities market benchmark) |
19,035.25 (09/30/13 close) |
16,086.42 (09/30/12 close) |
|
U.S. Equity Options (BATS Options) |
||||
|
|
September 2013 |
September 2012 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
637,119 |
4.1% |
594,069 |
3.5% |
|
European Equities2 (BATS Chi-X Europe) |
||
|
|
September 2013 |
September 2012 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€166,093.6 |
€147,972.2 |
|
Average daily notional value |
€7,909.2 |
€7,398.7 |
|
Displayed average daily notional value |
€7,245.3 |
€6,936.7 |
|
Non-displayed3 average daily notional value |
€663.9 |
€462.0 |
|
Overall European market share |
23.4% |
22.8% |
|
Market share by market (for the period): |
||
|
|
September 2013 |
September 2012 |
|
London market overall |
27.0% |
26.6% |
|
FTSE 100 securities |
30.3% |
30.3% |
|
FTSE 250 securities |
21.6% |
24.9% |
|
|
|
|
|
Paris market overall |
23.3% |
23.2% |
|
CAC 40 securities |
24.4% |
24.4% |
|
CAC Next20 securities |
22.0% |
23.2% |
|
|
|
|
|
Frankfurt market overall |
26.3% |
25.2% |
|
DAX 30 securities |
28.1% |
26.0% |
|
MDAX securities |
22.7% |
27.6% |
|
SDAX securities |
8.8% |
7.6% |
|
|
|
|
|
Amsterdam market overall |
21.3% |
25.5% |
|
AEX securities |
21.7% |
25.9% |
|
AMX securities |
18.3% |
20.1% |
|
|
|
|
|
Brussels market overall |
23.2% |
21.8% |
|
BEL 20 securities |
24.6% |
22.0% |
|
|
|
|
|
Milan market overall |
11.3% |
11.3% |
|
FTSE MIB securities |
11.9% |
12.0% |
|
|
|
|
|
Zurich market overall |
24.3% |
23.9% |
|
SMI securities |
26.7% |
25.6% |
|
SMIM securities |
18.0% |
16.2% |
|
|
|
|
|
Nordic market overall |
27.1% |
24.1% |
|
Helsinki OMXH25 securities |
27.3% |
23.8% |
|
Stockholm OMXS30 securities |
29.8% |
27.6% |
|
Copenhagen OMXC20 securities |
24.4% |
22.4% |
|
Oslo OBX securities |
24.9% |
19.4% |
|
|
|
|
|
Vienna market overall |
14.0% |
16.3% |
|
ATX securities |
14.5% |
16.6% |
|
|
|
|
|
Lisbon market overall |
11.6% |
13.7% |
|
PSI-20 securities |
11.7% |
13.9% |
|
|
|
|
|
Dublin market overall |
6.6% |
5.8% |
|
ISEQ 20 securities |
6.6% |
5.8% |
|
|
|
|
|
Madrid market overall |
12.2% |
3.1% |
|
IBEX 35 securities |
12.8% |
3.2% |
|
|
|
|
|
Key Indices EUROSTOXX 50 securities |
22.5% |
20.9% |
|
FTSE RIOB |
8.3% |
3.6% |
|
|
|
|
2Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.
3BXE and CXE non-displayed order books.
