.jpg)
BATS Global Markets, an innovative global financial markets technology company, reports that BATS Exchange earned 9.98% US matched market share in August on its single trading platform while BATS Europe reported August FTSE 100 market share of 4.11%.
BATS Europe also recorded 5.96% market share in the FTSE 100 today as it kicked off a month-long inverted pricing special, with a free liquidity removal incentive, for UK stocks. In the US, BATS ECN, the predecessor to BATS Exchange, ran similar specials in January and September 2007 and gained significant market share on both occasions.
“Over the last several months BATS has continued its tradition of continuous system improvement with significant enhancements completed in the matching engine, the Smart Order Router, and the networking infrastructure,” said Joe Ratterman, CEO of BATS Exchange and BATS Global Markets. “In addition to capacity, throughput, and functionality upgrades, the BATS technology team has also added several new routing destinations, making the BATS Smart Order Router one of the best solutions in the industry.
“Just one year ago, we were transitioning BATS Exchange from an ECN to a licensed US securities exchange and launching a European MTF, and now we are in the early stages of building a US equities options market. Our growth into other asset classes and global geographies will continue as we strive to Make Markets Better for trading participants,” he said.
Key information on BATS Exchange’s system performance, including details regarding order latency, is available at http://www.batstrading.com/resources/features/bats_exchange_Latency.pdf. Similar data is available on BATS Europe’s web site at http://www.batstrading.co.uk/resources/participant_resources/BATSEuro_Latency.pdf .
BATS Exchange August 2009 US Highlights:- BATS average total handled volume of 1,139,204,798 shares daily (includes odd-lots)
- BATS average matched volume of 945,537,679 shares daily (excludes odd-lots)
- BATS average internal match rate of 85.14%
- BATS matched market share for Tape A securities of 8.69%
- BATS matched market share for Tape B securities of 13.80%
- BATS matched market share for Tape C securities of 10.75%
- BATS matched market share for all securities of 9.98%
- BATS total notional value traded of $455,811,704,311 (excludes odd lots)
- BATS Europe average daily notional value traded of €697,215,226 for all markets
- BATS Europe market share for FTSE 100 securities of 4.11%
- BATS Europe market share for CAC 40 securities of 4.08%
- BATS Europe market share for DAX 30 securities of 3.67%
- BATS Europe market share for AEX securities of 3.52%
- BATS Europe market share for all securities of 2.66%
Exhibit 1: BATS Exchange US Matched Market Share for all securities: August 2006 to August 2009
 |
Taking the top 25 U.S. stocks, ranked by total volume traded in all U.S. markets, BATS Exchange’s matched market share on a security by security basis for August was as follows:
|
Stock Name |
Total Industry Volume |
BATS Matched Volume |
BATS Market Share |
|
C |
22,849,417,162 |
1,929,552,267 |
8.44% |
|
BAC |
6,102,802,549 |
478,045,055 |
7.83% |
|
FNM |
5,361,642,920 |
353,527,385 |
6.59% |
|
SPY |
3,957,917,569 |
423,024,290 |
10.69% |
|
FRE |
2,975,715,022 |
197,879,024 |
6.65% |
|
XLF |
2,407,926,829 |
429,473,352 |
17.84% |
|
CIT |
2,261,240,039 |
129,941,705 |
5.75% |
|
QQQQ |
2,248,339,895 |
359,402,518 |
15.99% |
|
ETFC |
1,913,346,912 |
194,253,731 |
10.15% |
|
GE |
1,749,792,548 |
144,723,902 |
8.27% |
|
F |
1,711,837,111 |
123,600,197 |
7.22% |
|
SIRI |
1,666,993,249 |
41,418,463 |
2.48% |
|
FAZ |
1,417,951,688 |
167,503,830 |
11.81% |
|
EEM |
1,360,330,730 |
226,013,101 |
16.61% |
|
AIG |
1,178,236,387 |
63,936,015 |
5.43% |
|
WFC |
1,135,871,920 |
116,268,585 |
10.24% |
|
INTC |
1,109,268,681 |
151,222,409 |
13.63% |
|
UYG |
1,015,354,583 |
151,769,076 |
14.95% |
|
MSFT |
993,305,747 |
143,707,590 |
14.47% |
|
CSCO |
979,953,052 |
128,613,088 |
13.12% |
|
S |
956,278,256 |
99,230,637 |
10.38% |
|
RF |
939,597,429 |
84,776,295 |
9.02% |
|
IWM |
890,381,765 |
156,333,558 |
17.56% |
|
LVS |
858,274,215 |
61,780,396 |
7.20% |
|
JPM |
851,565,022 |
93,026,833 |
10.92% |
