BATS Global Markets (BATS), a global operator of stock and options markets, today reported volume numbers for the month of May, including record 3.9% matched market share for BATS Options. The company’s equities businesses in the U.S. and Europe also had a solid month, reporting matched market share of 10.8% and 5.6%, respectively.
BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options; and BATS Europe, an FSA-authorised multilateral trading facility in Europe. May 2011 highlights for each of these markets are outlined below.
BATS U.S. equities markets:
- BATS U.S. equities reported matched market share of 10.8% in May 2011 vs. 11.4% in the same month one year ago, which was the company’s all-time market share high.
- BATS U.S. equities reported average daily matched volume of 781.9 million shares in May 2011.
BATS Options:
- BATS Options reported matched market share of 3.9% in May 2011 with average daily matched volume of 589,425 contracts.
- BATS Options reported a one-day record matched volume of 830,580 contracts on May 23.
BATS Europe:
- BATS Europe reported overall European market share of 5.6% in May versus 5.1% a year ago.
- The BATS Europe Dark Pool averaged daily turnover of €165.7 million for the month, its second best month ever and an increase from €68.8 million the same month last year.
- · BATS Europe recorded one-day market share records during the month including 7.5% in Brussels’ BEL20 (May 16) and 6.0% in Portugal’s PSI 20 (May 20).
Additional company news:
- In May, BATS formally filed rules for its U.S. primary listings business with the Securities and Exchange Commission (SEC).
- BATS Europe announced plans to launch an exclusive preferred interoperable clearing program to allow trading participants the choice of a preferred clearer from three interoperating clearing counterparties (CCPs) from late July, pending regulatory approval.
- Among global equities markets operators in April 2011, BATS remained the third-largest in the world after NYSE and NASDAQ in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. In April, all three of BATS’ market centers ranked in the top 25 largest, in terms of notional value traded, in the world: the BZX Exchange was ranked #4, the BYX Exchange was ranked #18, and BATS Europe was ranked #25. (May 2011 information for international exchanges is not yet available.)
- The BATS 1000 SM Index was down 206.75 points, or 1.3%, in May, ending the month at 15,381.06. The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors.
A 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:
U.S. Equities – http://batstrading.com/market_summary/
U.S. Options – http://www.batsoptions.com/market_summary/
Europe Equities – http://www.batstrading.co.uk/market_data/market_share/index/
U.S. Equities*: |
|
|
|
May 2011 |
May 2010** |
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages) |
|
Average daily matched volume |
781.9 |
1,378.7 |
Total notional value traded for the month |
$585,304.9 |
$835,944.6 |
Market share percentage (for the period): |
|
|
Tape A |
8.8% |
8.5% |
Tape B |
15.4% |
17.6% |
Tape C |
11.6% |
13.3% |
Overall matched market share |
10.8% |
11.4% |
|
|
|
Volume By Exchange:
|
|
|
BZX Exchange: |
|
|
Average daily matched volume |
609.8 |
1,378.7 |
Total notional value traded for the month |
$479,941.0 |
$835,944.6 |
Market share percentage (for the period): |
|
|
Tape A |
6.3% |
8.5% |
Tape B |
13.4% |
17.6% |
Tape C |
9.2% |
13.3% |
Overall matched market share |
8.5% |
11.4% |
|
|
|
BYX Exchange: |
|
|
Average daily matched volume |
172.1 |
N/A |
Total notional value traded for the month |
$105,363.9 |
N/A |
Market share percentage (for the period): |
|
|
Tape A |
2.5% |
N/A |
Tape B |
2.0% |
N/A |
Tape C |
2.4% |
N/A |
Overall matched market share |
2.4% |
N/A |
|
|
|
*Volume and notional figures exclude odd-lots.
**2010 figures reflect BZX volume only, as BYX was launched in October 2010.
BATS Options: |
|
|||
|
May 2011 |
May 2010*** |
||
|
Contracts |
Market share |
Contracts |
Market share |
Average daily matched volume |
589,425 |
3.9% |
N/A |
N/A |
***BATS Options was launched in February 2010 and completed its rollout of all symbols in May 2010.
BATS Europe****: |
May 2011 |
May 2010 |
|
(In millions, except percentage) |
|
Average daily notional value traded |
€2,171.2 |
€2,611.6 |
Total notional value for the month |
€49,096.7 |
€55,308.6 |
Average daily notional value for BATS Europe Dark Pool |
€165.72 |
€68.8 |
|
|
|
Pan-European market share percentage (for the period): |
|
|
Overall European market share |
5.6% |
5.1% |
STOXX 50 securities |
6.2% |
5.3% |
|
|
|
London market overall |
8.0% |
9.2% |
FTSE 100 securities |
9.3% |
9.5% |
FTSE 250 securities |
5.9% |
6.7% |
|
|
|
Paris market overall |
4.8% |
4.3% |
CAC 40 securities |
5.1% |
4.7% |
CAC Next20 securities |
5.8%2 |
3.8% |
|
|
|
Frankfurt market overall |
5.4% |
4.1% |
DAX 30 securities |
5.7% |
4.5% |
MDAX securities |
5.1% |
3.6% |
|
|
|
Amsterdam market overall |
6.1% |
5.4% |
AEX securities |
6.3% |
5.6% |
|
|
|
Brussels market overall |
5.6% |
3.3% |
BEL 20 securities |
5.5%2 |
3.4% |
|
|
|
Milan market overall |
4.5% |
4.9% |
FTSE MIB securities |
4.6% |
5.1% |
|
|
|
Zurich market overall |
7.2% |
6.0% |
SMI securities |
7.6% |
6.5% |
SMIM securities |
4.6%2 |
2.0% |
|
|
|
Nordic market overall |
4.9% |
3.1% |
Helsinki OMXH25 securities |
7.0% |
5.6% |
Stockholm OMXS30 securities |
5.0% |
3.9% |
Copenhagen OMXC20 securities |
4.9% |
1.3% |
Oslo OBX securities |
3.6%1 |
0.6% |
|
|
|
Additional markets: |
|
|
Lisbon market overall |
3.3% |
0.6% |
Vienna market overall |
1.9% |
0.0% |
(1) New Record; (2) 2nd highest in firm history
****Figures represent consolidated figures (lit and dark books), unless otherwise noted.