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BATS Chi-X Europe today reported July data and highlights, including pan-European market share of 23.4%.
The exchange, which is Europe’s largest destination for equities trading and reporting, has continued to grow market share in key European markets:
- Year-on-year market share in German stocks increased from 24.1% to 27.1%. The exchange’s share of trading in DAX stocks was 28.4% over the month, rising to 29.8% in the MDAX.
- Share of trading in French, Dutch, Belgian and Portuguese stocks averaged 23.0% across the four markets (26.5%; 24.4%; 23.8% and 17.1% in July 2015 respectively). For the first time, market share in CAC Next20 stocks was higher than market share of CAC 40 stocks (27.6% versus 27.1%), demonstrating the exchange’s strength in mid-cap markets.
- In the Nordic market, BATS registered an average of 24.0% market share across the four markets. Trading was particularly strong in the Helsinki market, with 30.2% of all trading taking place on BATS during July.
BXTR, BATS Chi-X Europe’s trade reporting facility, retained the #1 spot with an estimated 65% market share, with €401.1bn reported, an average of €18.2bn per trading day.
According to BATS data, €657.6bn or 38.4% of all equity trades in Europe – executed either on or off-exchange – touched BATS’ systems in July.
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