BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported continued strong U.S. equities market share, which reached 11.7% in May, up from 10.8% one year ago and 11.5% in April.
The BATS BYX Exchange set another monthly U.S. equities market share record in May with 3.0%, while the BATS BZX Exchange recorded 8.7%. Monthly market share for BATS Options held steady at 3.0% for the month.
BATS Chi-X Europe capped its sixth straight month as the largest European market center by market share and notional value traded reporting 25.1% overall European market share in May, up from 22.8% one year ago on a pro forma basis and 24.6% in April. BATS Chi-X Europe continued to gain Spanish market share with 5.8% in May compared to 5.6% in April and 1.5% one year ago on a pro forma basis.
“May marked another month of market share growth for our U.S. and European equities markets with our U.S. equities market share reaching 11.7%, our fourth best month on record,” said Joe Ratterman, president and chief executive officer of BATS Global Markets. “While the global economic environment remains challenging, we continue to focus on delivering outstanding market quality for all of our market participants. We also remain focused on building upon the success of our core businesses and looking for new opportunities to grow our business in the months ahead.”
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.
May 2012 Highlights
U.S. Equities and Options:
|
BATS Exchanges (BZX Exchange and BYX Exchange) |
|
|
Matched Market Share |
11.7% (vs. 11.5%% in April; 10.8% one year ago) |
|
Average Daily Matched Volume |
830.6 million shares |
|
BATS Options |
|
|
Matched Market Share |
3.0% (vs. 3.1% in April; 3.5% one year ago) |
|
Average Daily Matched Volume |
501,649 contracts |
- New monthly market share record for the BATS BYX Exchange = 3.0%
- The BATS Exchanges set a new monthly market share record in Tape A (NYSE-listed) securities, reporting 10.3% market share.
- The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month down 1,079.57 points, or 6.8%, to close at 14,742.56.
European Equities:
|
BATS Chi-X Europe |
|
|
Overall European Market Share |
25.1% (vs. 24.6% in April; vs. 22.8% one year ago1) |
|
Combined Total Notional Value Traded |
€184.0 billion |
|
Combined Average Daily Notional Value |
€8.0 billion |
|
New Individual Market Records |
Madrid’s IBEX 35 = 5.8% (vs. 1.5% one year ago1) |
1 All year ago 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 announced plans for a competitive pan-European market data pricing model, effective October 1, 2012, which is designed to provide a competitive alternative to address industry concerns regarding the high price of market data in Europe.
May 2012 Volume and Market Share Summary
A complete breakdown of May 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: |
|
|
|
|
May 2012 |
May 2011 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
830.6 |
781.9 |
|
Total notional value traded for the month |
$609,216.6 |
$585,304.9 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
10.3% |
8.8% |
|
Tape B |
15.0% |
15.4% |
|
Tape C |
12.5% |
11.6% |
|
Overall matched market share |
11.7% |
10.8% |
|
|
|
|
|
Volume By Exchange:
|
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
618.0 |
609.8 |
|
Total notional value traded for the month |
$478,562.0 |
$479,941.0 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
7.3% |
6.3% |
|
Tape B |
12.2% |
13.4% |
|
Tape C |
9.7% |
9.2% |
|
Overall matched market share |
8.7% |
8.5% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
212.6 |
172.1 |
|
Total notional value traded for the month |
$130,654.6 |
$105,363.9 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
3.0% |
2.5% |
|
Tape B |
2.8% |
2.0% |
|
Tape C |
3.1% |
2.4% |
|
Overall matched market share |
3.0% |
2.4% |
|
|
|
|
|
BATS Options: |
|
|||
|
|
May 2012 |
May 2011 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
501,649 |
3.0% |
589,425 |
3.5%2 |
|
|
|
|
|
|
2 Adjusted from 3.9%, which was published in May 2011 volume PR.
European Equities3: |
May 2012 |
May 2011 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€183,964.0 |
€194,732.4 |
|
Average daily notional value |
€7,998.4 |
€8,851.5 |
|
Displayed average daily notional value |
€7,593.1 |
€8,405.8 |
|
Non-displayed4average daily notional value |
€405.3 |
€445.7 |
|
|
|
|
|
Market share by platform (for the period): |
||
|
Overall European market share |
25.1% |
22.8% |
|
STOXX Europe 50 securities |
26.8% |
25.0% |
|
|
|
|
|
London market overall |
31.1% |
32.7% |
|
FTSE 100 securities |
35.7% |
37.6% |
|
FTSE 250 securities |
27.1% |
26.2% |
|
|
|
|
|
Paris market overall |
26.6% |
24.0% |
|
CAC 40 securities |
28.1% |
25.9% |
|
CAC Next20 securities |
26.4% |
24.0% |
|
|
|
|
|
Frankfurt market overall |
26.0% |
22.8% |
|
DAX 30 securities |
27.3% |
24.0% |
|
MDAX securities |
27.6% |
21.5% |
|
|
|
|
|
Amsterdam market overall |
29.6% |
28.1% |
|
AEX securities |
30.5% |
28.8% |
|
|
|
|
|
Brussels market overall |
22.9% |
25.3% |
|
BEL 20 securities |
24.0% |
26.3% |
|
|
|
|
|
Milan market overall |
14.1% |
14.2% |
|
FTSE MIB securities |
15.1% |
14.4% |
|
|
|
|
|
Zurich market overall |
24.9% |
23.2% |
|
SMI securities |
26.6% |
24.6% |
|
SMIM securities |
16.6% |
12.3% |
|
|
|
|
|
Nordic market overall |
24.4% |
17.5% |
|
Helsinki OMXH25 securities |
26.9% |
23.5% |
|
Stockholm OMXS30 securities |
28.1% |
20.5% |
|
Copenhagen OMXC20 securities |
21.0% |
15.2% |
|
Oslo OBX securities |
20.1% |
10.6% |
|
|
|
|
|
Vienna market overall |
17.6% |
11.6% |
|
ATX securities |
17.9% |
11.6% |
|
|
|
|
|
Lisbon market overall |
13.8% |
9.8% |
|
PSI-20 securities |
13.9% |
9.5% |
|
|
|
|
|
Dublin market overall |
3.3% |
2.5% |
|
ISEQ 20 securities |
3.3% |
2.4% |
|
|
|
|
|
Madrid market overall |
5.8% |
1.4% |
|
IBEX 35 securities |
5.8% |
1.5% |
3 Figures represent consolidated figures for BATS Europe and Chi-X Europe (lit and dark books), unless otherwise noted. All 2011 figures are on a pro forma basis.
4 BATS Europe and Chi-X Europe non-displayed order books.
