BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported strong U.S. equities market share of 11.5% in June, up from 11.0% one year ago. BATS Options saw a strong month-over-month jump to 3.5% matched market share, up from 3.0% in May.
BATS Chi-X Europe reported record monthly market share in Frankfurt’s MDAX with 28.7%; and in the overall Nordic market with 25.2%, including individual market records in Stockholm’s OMXS30 with 29.5% and Copenhagen’s OMXC20 with 21.3%. BATS Chi-X Europe remained the largest European market center by market share and notional value traded in June reporting 24.5% overall European market share, up from 23.1% one year ago on a pro forma basis.
“Entering the second half of the year we are well-positioned for continued growth in the U.S. and Europe with strong market share performances, particularly over the past quarter,” said Joe Ratterman, president and chief executive officer of BATS Global Markets. “The notable month-over-month market share growth for BATS Options affirms our strategy of delivering market quality across all of our core asset classes, a strategy we will continue to focus on as our business expands.”
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.
June 2012 Highlights
U.S. Equities and Options:
|
BATS Exchanges (BZX Exchange and BYX Exchange) |
|
|
Matched Market Share |
11.5% (vs. 11.7% in May; 11.0% one year ago) |
|
Average Daily Matched Volume |
789.7 million shares |
|
BATS Options |
|
|
Matched Market Share |
3.5% (vs. 3.0% in May; 3.8% one year ago) |
|
Average Daily Matched Volume |
536,990 contracts |
- · The BATS BYX Exchange reported 2.9% matched market share in June, while the BATS BZX Exchange recorded 8.5%.
- · The BATS Exchanges set a new monthly market share record in Tape A (NYSE-listed) securities, reporting 10.4% market share.
- The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 564.91 points, or 3.8%, to close at 15,307.47.
European Equities:
|
BATS Chi-X Europe |
|
|
Overall European Market Share |
24.5% (vs. 25.1% in May; vs. 23.1% one year ago1) |
|
Combined Total Notional Value Traded |
€167.9 billion |
|
Combined Average Daily Notional Value |
€8.0 billion |
|
New Individual Market Records |
MDAX = 28.7% (vs. 27.6% in May; 20.8% one year ago1) OMXS = 29.5% (vs. 28.1% in May; 19.9% one year ago1) OMXC = 21.3% (vs. 21.0% in May; 16.1% 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 value traded.
- BATS Chi-X Europe also extended its pricing promotion covering Spanish equities traded on the Chi-X Europe (CXE) order book through the end of September 2012. BATS Chi-X Europe’s market share in Madrid’s IBEX 35 was 5.2% in June compared to 1.6% a year ago.
June 2012 Volume and Market Share Summary
A complete breakdown of June 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: |
|
|
|
|
June 2012 |
June 2011 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
789.7 |
798.6 |
|
Total notional value traded for the month |
$536,117.3 |
$624,848.2 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
10.4% |
9.0% |
|
Tape B |
14.3% |
15.9% |
|
Tape C |
12.0% |
11.5% |
|
Overall matched market share |
11.5% |
11.0% |
|
|
|
|
|
Volume By Exchange:
|
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
587.3 |
623.2 |
|
Total notional value traded for the month |
$422,413.3 |
$516,525.0 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
7.3% |
6.5% |
|
Tape B |
11.7% |
13.9% |
|
Tape C |
9.1% |
9.1% |
|
Overall matched market share |
8.5% |
8.6% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
202.4 |
175.4 |
|
Total notional value traded for the month |
$113,704.0 |
$108,323.2 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
3.1% |
2.6% |
|
Tape B |
2.6% |
2.0% |
|
Tape C |
2.9% |
2.4% |
|
Overall matched market share |
2.9% |
2.4% |
|
|
|
|
|
BATS Options: |
|
|||
|
|
June 2012 |
June 2011 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
536,990 |
3.5% |
632,234 |
3.8%2 |
|
|
|
|
|
|
2 Adjusted from 4.3%, which was published in June 2011 volume press release.
European Equities3: |
June 2012 |
June 2011 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€167,913.1 |
€180,839.9 |
|
Average daily notional value |
€7,995.9 |
€8,220.0 |
|
Displayed average daily notional value |
€7,616.2 |
€7,792.0 |
|
Non-displayed4 average daily notional value |
€379.7 |
€428.0 |
|
|
|
|
|
Market share by platform (for the period): |
||
|
Overall European market share |
24.5% |
23.1% |
|
STOXX Europe 50 securities |
26.6% |
25.7% |
|
|
|
|
|
London market overall |
30.5% |
30.2% |
|
FTSE 100 securities |
33.9% |
34.8% |
|
FTSE 250 securities |
26.2% |
25.5% |
|
|
|
|
|
Paris market overall |
23.8% |
24.0% |
|
CAC 40 securities |
24.9% |
26.5% |
|
CAC Next20 securities |
24.1% |
22.2% |
|
|
|
|
|
Frankfurt market overall |
26.4% |
26.5% |
|
DAX 30 securities |
27.6% |
29.0% |
|
MDAX securities |
28.7% |
20.8% |
|
|
|
|
|
Amsterdam market overall |
26.4% |
28.1% |
|
AEX securities |
27.0% |
29.0% |
|
|
|
|
|
Brussels market overall |
20.9% |
24.6% |
|
BEL 20 securities |
22.0% |
26.4% |
|
|
|
|
|
Milan market overall |
14.5% |
15.8% |
|
FTSE MIB securities |
15.2% |
16.3% |
|
|
|
|
|
Zurich market overall |
23.8% |
22.1% |
|
SMI securities |
25.3% |
23.5% |
|
SMIM securities |
16.4% |
13.1% |
|
|
|
|
|
Nordic market overall |
25.2% |
17.2% |
|
Helsinki OMXH25 securities |
26.2% |
21.4% |
|
Stockholm OMXS30 securities |
29.5% |
19.9% |
|
Copenhagen OMXC20 securities |
21.3% |
16.1% |
|
Oslo OBX securities |
19.5% |
11.7% |
|
|
|
|
|
Vienna market overall |
16.4% |
8.6% |
|
ATX securities |
16.6% |
8.7% |
|
|
|
|
|
Lisbon market overall |
14.2% |
12.0% |
|
PSI-20 securities |
14.4% |
12.1% |
|
|
|
|
|
Dublin market overall |
3.8% |
1.9% |
|
ISEQ 20 securities |
3.8% |
1.9% |
|
|
|
|
|
Madrid market overall |
5.2% |
1.6% |
|
IBEX 35 securities |
5.2% |
1.6% |
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.
4 BATS Europe (BXE) and Chi-X Europe (CXE) non-displayed order books.
