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BATS Global Markets, an innovative global financial markets technology company, again set Europe market share records in March and CEO Joe Ratterman repeated his message to the industry to respond to the questions posed in the Securities and Exchange Commission’s market structure concept release.
“In our March newsletter, we encouraged the industry to take an active role in the current SEC Concept Release process as we believe it is vital for all participants to weigh in and bring forward arguments and evidence supporting their perspectives on current US equity market structure,” Mr. Ratterman said. “Whatever someone’s position or convictions, we urge them to take a responsible course of action and put forth their comments, providing supporting evidence where possible. It’s imperative that all arguments be heard and weighed so that resulting regulatory changes will have the positive effect of optimizing our markets, not harming them.
“As we continue to grow our businesses in the US and abroad, we again thank our customers, investors and the industry for their support,” he said.
In the US in March, BATS Exchange earned 9.5% matched market share and, among top global equities market operators, remained in 3rd place after NYSE and NASDAQ and ahead of exchanges based in Shanghai, Tokyo and London in terms of value of shares traded. BATS Exchange recently launched BATS Options in the US and is planning to offer a second US equities exchange, BYX, beginning this summer.
For the month, the BATS Europe MTF set a new overall European market share record with 5.3% as well as records in the FTSE 100, FTSE 250, SMI, AEX, OMXH25, OMXS30 and STOXX 50. The total notional value traded on the BATS Europe MTF in March reached a record high of €40 billion.
Additional March Highlights:
- The Securities and Exchange Commission (SEC) public comment period for BATS’ second U.S. equities exchange (BYX) ended March 15. BATS plans to go live with BYX in early summer 2010 pending SEC approval.
- BATS Europe set new one-day market share records in the FTSE 100 (11.0%), FTSE 250 (7.6%), SMI (8.2%), AEX (6.6%), OMXH25 (5.9%), OMXS30 (5.8%) and the overall European market (6.1%).
- BATS Exchange announced plans to offer new market data products to customers.
BATS Exchange March Volume & Market Share Summary:
- Average total handled volume of 978,529,216 shares daily (includes odd-lots)
- Average matched volume of 788,823,141 shares daily (excludes odd-lots)
- Average internal match rate of 82.5%
- Matched market share for Tape A securities of 7.5%
- Matched market share for Tape B securities of 15.6%
- Matched market share for Tape C securities of 10.3%
- Matched market share for all securities of 9.5%
- Total notional value traded of $538,303,853,387 (excludes odd-lots)
BATS Europe March Volume & Market Share Summary:
- Average daily notional value traded of €1,727,839,925 for all markets
- Average daily notional value traded of €47,482,451 for the BATS Europe Dark Pool
- Market share for FTSE 100 securities of 9.2% (new record)
- Market share for FTSE 250 securities of 6.2% (new record)
- Market share for FTSE MIB securities of 6.3%
- Market share for CAC 40 securities of 4.8%
- Market share for DAX 30 securities of 4.8%
- Market share for AEX securities of 5.1% (new record)
- Market share for BEL 20 securities of 3.6%
- Market share for SMI securities of 6.3% (new record)
- Market share for OMXH25 securities of 4.5% (new record)
- Market share for OMXH30 securities of 4.2% (new record)
- Market share for STOXX 50 securities of 6.1% (new record)
- Market share for all securities of 5.3% (new record)
