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BATS Chi-X Europe today reported May data and highlights, including the company’s best month since October 2013 for European equities with market share of 24.4%.
The exchange also recorded its best-ever month in Spain’s IBEX35 stocks at 23.5% market share, up from 14.0% year-on-year. This continues a trend for the exchange, which has steadily added to its share of trading in continental European markets over the course of 2015:
- Year-on-year market share in German stocks has grown to 28.2% from 21.4%. Further, this strength is not limited to trading in German large-caps included in the DAX index: the exchange has built a 31.1% share of MDAX stocks, and a 25.4% share of TecDax stocks.
- Share of trading in French, Dutch, Belgian and Portuguese stocks has risen by nearly a half to an average of 24.4% across the four markets (27.8%; 26.3%; 26.8% and 16.7% in May 2015 respectively).
- In the Nordic market, BATS has grown overall market share by 18.9% year-on-year. This was led by exceptionally strong gains in Finnish, Swedish and Danish stocks (32.6%; 28.8% and 24.7% in May 2015 respectively).
BXTR, BATS Chi-X Europe’s trade reporting facility, retained the #1 spot with an estimated 65% market share, and recorded its second-most successful month ever with €480.2bn reported, an average of €22.9bn per trading day.
According to BATS data, 41.4% of all equity trades in Europe – executed either on or off-exchange – touched BATS systems in May.
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