BATS CHI-X Europe SETS Monthly Spanish Market Share Record - U.S. Options Business Reports Best Month To Date - Overall European Market Share 23.5% - U.S. Equities 11.1%

BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced record monthly market share in two key markets – Spain and U.S. options.

“We’ve long identified the Spanish market as important to our European growth and are pleased to see a significant increase in customer demand to trade Spanish stocks on BATS Chi-X Europe,” said Joe Ratterman, chief executive officer and president of BATS Global Markets. “We’re also encouraged by the record month in our U.S. options market, where we continue to make progress in a highly competitive environment.” 

BATS Chi-X Europe earned 8.9% market share in the IBEX 35 in February, exceeding its previous record of 5.8% in April 2012. The firm also recorded its best one-day market share in the Index with 11.9% on Feb. 22.

In the U.S., BATS Options reported 4.0% market share in February vs. 2.8% a year ago and 3.9% last month. BATS’ U.S. equities market share came in at 11.1% vs. 10.9% a year ago and 11.7% in January. February marked a record 10th consecutive month with at least 11% U.S. equities market share.

BATS Chi-X Europe, the largest pan-European equities exchange by notional value traded and market share in February, recorded overall market share of 23.5% compared to 24.1% in January and 25.3% a year ago. Average daily notional value was €8.0 billion in February vs. €7.5 billion in January with the latest figure representing the strongest monthly turnover for BATS Chi-X Europe since June 2012. BATS Chi-X Europe’s CXE dark order book was the largest dark order book in Europe with an average of €314.0 million traded per day in February.

• Overall equities industry volumes in the U.S. and Europe continued their upward trend for the year. In the U.S., overall equities volume averaged 6.6 billion shares a day in February, up from a daily average of 6.4 billion shares in January, and down from an average 6.9 billion shares a day one year ago.
• In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €34.0 billion in February, up from a daily average of €31.3 billion in January and down from €34.9 billion one year ago.   

Other February Highlights:

• BATS was named “Best Exchange Technology” at the inaugural Market’s Choice Awards in New York on Feb. 21, ahead of other major U.S.-based exchange operators.
• ProShares, a premier provider of alternative exchange traded funds (ETFs), listed its second ETF on the BATS Exchange. The ProShares Global Listed Private Equity ETF began trading on Feb. 28.

BATS Options will list and trade Mini Options beginning March 18, giving investors affordable access to options on five high-priced and actively traded securities:  Apple, Google, Amazon, SPDR Gold Trust and SPDR S&P 500. 

 BATS Chi-X Europe’s two dark order books, CXE and BXE, both grew in February to combined average daily notional value of €569.1 million compared to €552.3 million in January and €447.5 million one year ago.

February 2013 Volume and Market Share Summary

¹Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk 

Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity Options, European Equities

A complete breakdown of February volume and market share for each market center is outlined below. To track U.S. and European market share for all major trading exchanges and other venues, please visit: http://www.bats.com/markets

²Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.

³BXE and CXE non-displayed order books.