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BATS Chi-X Europe, the largest pan-European equities market operator, today reported 16.2% market share in Spain’s IBEX 35, inclusive of the closing auction, a new one-day record and the first time BATS Chi-X Europe has closed above 15% in this key market.
Today marked the third consecutive record market share day in the IBEX 35 for BATS Chi-X Europe with the previous record set yesterday with 14.6%.
Mark Hemsley, CEO of BATS Chi-X Europe, commented: “We have seen sustained demand for the trading of Spanish securities on our platform and worked to open opportunities for customers. Whilst there is still not a level playing field for MTFs in Spain, particularly in the post-trade infrastructure, our growing market share demonstrates a thriving demand for competition in the Spanish market, which can offer benefits in terms of liquidity, price discovery and trading costs.”
BATS Chi-X Europe’s market share in Spain has grown rapidly since the beginning of the year. In January, BATS Chi-X Europe reported 4.3% market share in the IBEX 35. In February, the company set a new monthly market share record with 8.9% market share in the IBEX 35, exceeding its previous record of 5.8% in April 2012.
Overall European monthly market share was 23.5% in February, as the company remained the largest pan-European equities market operator by market share and notional value traded.
