BATS Global Markets (BATS),a leading operator of securities markets in the U.S. and Europe, today reported one of its strongest months on record for U.S. equities market share, which reached 11.5% in April, up from 10.6% one year ago and 10.9% in March while BATS Options market share grew to 3.1%.
Additionally, BATS Chi-X Europe, which successfully completed the migration of the Chi-X Europe order books to the BATS technology platform on April 30, recorded strong overall market share of 24.6% and record market share of 5.6% in Madrid’s IBEX 35, up from 1.5% a year ago. BATS Chi-X Europe also reached a one-day market share record of 10.2% in IBEX 35 securities on April 17.
“We had fantastic performance in April across all of our markets highlighted by the successful technology transition in Europe. The migration of the Chi-X Europe order books to the BATS technology platform was a huge milestone for the company and we are also very excited about the positive results we are seeing in the Spanish market,” said Joe Ratterman, president and chief executive officerof BATS Global Markets. “In the U.S., we recorded one of our top five months on record in U.S. equities with 11.5% market share while our options market share picked up significantly over the past month. In addition, we successfully launched seven new exchange-traded funds on BATS Exchange in April. All around, it was a very solid month for the company.”
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.
April 2012 Highlights
U.S. Equities and Options:
|
BATS Exchanges (BZX Exchange and BYX Exchange) |
|
|
Matched Market Share |
11.5% (vs. 10.9% in March; 10.6% one year ago) |
|
Average Daily Matched Volume |
746.7 million shares |
|
BATS Options |
|
|
Matched Market Share |
3.1% (vs. 2.4% in March; 3.1% one year ago) |
|
Average Daily Matched Volume |
488,878 contracts |
- New monthly market share record for the BATS BYX Exchange = 2.8%
- Launched seven new exchange traded funds (ETFs) on the BATS Exchange in April, bringing the total number of ETFs now listed on BATS Exchange to 16.
- The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month down 44.83 points, or 0.3%, to close at 15,822.13.
European Equities:
|
BATS Chi-X Europe |
|
|
Overall European Market Share |
24.6% (vs. 23.2% one year ago1) |
|
Combined Total Notional Value Traded |
€173.5 billion (vs.€161.3 billion one year ago1) |
|
Combined Average Daily Notional Value |
€9.1 billion (vs. €8.5 billion one year ago1) |
|
New Individual Market Records |
Madrid’s IBEX 35 = 5.6% (vs. 1.5% one year ago1) and record 10.2% on April 17. |
1All 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 successfully completed the transition of the Chi-X Europe order books to the BATS technology platform with April 30 marking the first day of trading on the new platform.
April 2012 Volume and Market Share Summary
A complete breakdown of April 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: |
|
|
|
|
April 2012 |
April 2011 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
746.7 |
747.8 |
|
Total notional value traded for the month |
$519,465.7 |
$515,281.7 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
10.0% |
9.0% |
|
Tape B |
15.0% |
15.1% |
|
Tape C |
12.3% |
11.2% |
|
Overall matched market share |
11.5% |
10.6% |
|
|
|
|
|
Volume By Exchange:
|
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
563.5 |
585.2 |
|
Total notional value traded for the month |
$414,755.5 |
$424,276.1 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
7.2% |
6.5% |
|
Tape B |
12.1% |
13.3% |
|
Tape C |
9.5% |
9.0% |
|
Overall matched market share |
8.6% |
8.3% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
183.2 |
162.6 |
|
Total notional value traded for the month |
$104,710.2 |
$91,005.6 |
|
Market share percentage (for the period): |
|
|
|
Tape A |
2.8% |
2.5% |
|
Tape B |
2.9% |
1.8% |
|
Tape C |
2.8% |
2.2% |
|
Overall matched market share |
2.8% |
2.3% |
|
|
|
|
|
BATS Options: |
|
|||
|
|
April 2012 |
April 2011 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
488,878 |
3.1% |
504,062 |
3.1%2 |
|
|
|
|
|
|
2Adjusted from 3.4%, which was published in April 2011 volume PR.
European Equities3: |
April 2012 |
April 2011 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€173,512.0 |
€161,284.6 |
|
Average daily notional value |
€9,132.2 |
€8,488.7 |
|
Displayed average daily notional value |
€8,669.5 |
€8,001.5 |
|
Non-displayed4 average daily notional value |
€462.7 |
€487.2 |
|
|
|
|
|
Market share by platform (for the period): |
||
|
Overall European market share |
24.6% |
23.2% |
|
STOXX Europe 50 securities |
27.1% |
26.1% |
|
|
|
|
|
London market overall |
30.4% |
32.6% |
|
FTSE 100 securities |
34.5% |
38.2% |
|
FTSE 250 securities |
27.0% |
27.8% |
|
|
|
|
|
Paris market overall |
25.6% |
24.5% |
|
CAC 40 securities |
27.0% |
26.6% |
|
CAC Next20 securities |
25.9% |
25.6% |
|
|
|
|
|
Frankfurt market overall |
24.9% |
24.1% |
|
DAX 30 securities |
26.2% |
26.5% |
|
MDAX securities |
26.3% |
23.1% |
|
|
|
|
|
Amsterdam market overall |
29.6% |
28.9% |
|
AEX securities |
30.3% |
30.1% |
|
|
|
|
|
Brussels market overall |
23.3% |
26.4% |
|
BEL 20 securities |
25.1% |
27.5% |
|
|
|
|
|
Milan market overall |
14.8% |
13.6% |
|
FTSE MIB securities |
15.8% |
14.4% |
|
|
|
|
|
Zurich market overall |
25.6% |
26.1% |
|
SMI securities |
27.3% |
27.9% |
|
SMIM securities |
17.5% |
14.8% |
|
|
|
|
|
Nordic market overall |
24.0% |
17.5% |
|
Helsinki OMXH25 securities |
26.4% |
22.9% |
|
Stockholm OMXS30 securities |
26.9% |
20.8% |
|
Copenhagen OMXC20 securities |
20.2% |
16.0% |
|
Oslo OBX securities |
19.6% |
9.8% |
|
|
|
|
|
Vienna market overall |
14.3% |
12.9% |
|
ATX securities |
14.5% |
13.2% |
|
|
|
|
|
Lisbon market overall |
15.5% |
9.1% |
|
PSI-20 securities |
15.5% |
9.1% |
|
|
|
|
|
Dublin market overall |
4.1% |
2.4% |
|
ISEQ 20 securities |
4.1% |
2.4% |
|
|
|
|
|
Madrid market overall |
5.6% |
1.5% |
|
IBEX 35 securities |
5.6% |
1.5% |
3Figures represent consolidated figures for BATS Europe and Chi-X Europe (lit and dark books), unless otherwise noted.
4BATS Europe and Chi-X Europe non-displayed order books.
