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BATS Global Markets, an innovative global financial technology company, said BATS Europe set August records in four indices as well as for overall European market share, which reached 5.8%.
In the US, BATS Exchange earned 10.6% US matched market share, the best August in the firm’s five-year history. The previous best August for BATS was 10.02% in 2008, the same month BATS received SEC approval to become a licensed US securities exchange.
“Historically the industry experiences significantly lower trading volumes in August, so we are very encouraged that our market share numbers held up so well,” said Joe Ratterman, CEO of BATS Global Markets and BATS Exchange. “We also look forward to offering the industry more flexible pricing with the launch of our second US exchange, BYX, on October 15th.
“As for BATS Options, we have now grown our customer base to 55 firms and remain confident with our target of three percent US options market share by year-end,” he said.
Among top global equities market operators in July, BATS Exchange remained in third place after NYSE and NASDAQ and well ahead of exchanges in Tokyo, China, Paris, Germany and London in terms of value of shares traded.
BATS Europe, which offers trading in 15 European markets, has set monthly records in multiple indices in every month of 2010. In August, the firm set one-month records in Frankfurt’s DAX (5.6%), Milan’s FTSE MIB (7.1%), Amsterdam’s AEX (6.2%), and the STOXX50 (6.6%).
Additional August Highlights:
- BATS received approval for its second equities exchange, BYX (BATS Y-Exchange).
- BATS Europe set a new one-day market share record in Frankfurt’s DAX of 6.33% on August 26th. BATS also reported its second best month to date in Helsinki’s OMXH25 with 7.2% and Stockholm’s OMXS30 at 5.5%.
- The BATS 1000(SM) Index (BATSK) closed at 11,838.49 in August compared to 12,370.81 in July, a decline of 4.3% compared to a decline of 4.7% for the S&P 500 Index for the month.
- BATS Options, the newest US equity options exchange, recorded 1,087,310 matched contracts in August, representing .4% overall matched market share.
BATS Exchange August Volume & Market Share Summary:
- Average total handled volume of 886,213,457 shares daily (includes odd-lots)
- Average matched volume of 767,140,157 shares daily (excludes odd-lots)
- Average internal match rate of 88.2%
- Matched market share for Tape A securities of 8.1%
- Matched market share for Tape B securities of 16.5%
- Matched market share for Tape C securities of 12.0%
- Matched market share for all securities of 10.6%
- Total notional value traded of $508,478,577,114 (excludes odd-lots)
BATS Europe August Volume & Market Share Summary:
- Average daily notional value traded of €1,664,314,835 for all markets
- Average daily notional value traded of €57,070,351 for the BATS Europe Dark Pool
- Market share for FTSE 100 securities of 9.1%
- Market share for FTSE 250 securities of 5.5%
- Market share for FTSE MIB securities of 7.1% (new record)
- Market share for CAC 40 securities of 4.8%
- Market share for DAX 30 securities of 5.6% (new record)
- Market share for AEX securities of 6.2% (new record)
- Market share for BEL 20 securities of 3.5%
- Market share for SMI securities of 7.2%
- Market share for OMXH25 securities of 7.2% (2nd highest in firm history)
- Market share for OMXS30 securities of 5.5% (2nd highest in firm history)
- Market share for STOXX 50 securities of 6.6% (new record)
- Market share for all securities of 5.8% (new record)
To track US and Europe market share for all major trading exchanges and other venues, please visit:
US Equities - http://batstrading.com/market_summary/
Europe Equities - http://www.batstrading.co.uk/market_data/market_share/index/
US Options - http://www.batsoptions.com/market_summary/
