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BATS Global Markets (BATS) today reported increased market share for its U.S. equities segment in April, finishing at 10.9% vs 10.6% in March. BATS Options rose to 4.0% from 3.8%.
Also in April, BATS Chi-X Europe set a new monthly market share record in Depository Receipt (DR) trading, with BATS Chi-X Europe earning 7.1% market share, exceeding its previous record of 5.9% set in March 2013. BATS Chi-X Europe also matched last month’s market share record in Spain’s IBEX 35 of 12.8%.
BATS Chi-X Europe, the largest pan-European equities exchange, offers trading in more than 50 DRs from 12 markets including Russia, India and South Korea. The average daily notional value traded of DRs on BATS Chi-X Europe has increased 50% to €41.5 million in April from €27.6 million in January.
Overall, BATS Chi-X Europe recorded market share of 22.4% vs 22.5% in March. Average daily notional value was €7.8 billion in April vs. €7.9 billion in March.
“April was another strong month for BATS Global Markets and we thank our customers for their continued support of all of our businesses,” said Joe Ratterman, chief executive of BATS Global Markets. “As we move forward in 2013, we are particularly excited about our plans in Europe, pending regulatory approval, to transition to Recognised Investment Exchange status, a distinction which will play a significant role in our growth and diversification plans for Europe.”
In the U.S., overall equities industry volumes rose month-over-month in April and declined year-over-year. Average daily volume was 6.4 billion shares, up from 6.1 billion shares in March and vs 6.5 billion shares a year ago.
In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €34.9 billion in April, in line with €34.9 billion in March and down from €37.1 billion one year ago.
Additional April Highlights:
- BATS Chi-X Europe announced the appointment of David Howson as chief operating officer. Mr. Howson will join BATS Chi-X Europe in June, reporting to CEO Mark Hemsley.
- On April 26 at the Options Industry Conference (OIC) in Las Vegas, BATS Options announced they will be hosting next year’s OIC in Austin, Texas.
- During April, the BATS BZX Exchange ranked 1st or 2nd with regards to effective spread in 374 of the 500 stocks that make up the S&P 500® Index according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in six of the top 25 exchange traded products.
- BATS Chi-X Europe continues discussions to become an equal shareholder in the proposed combination of two pan-European cash equities clearinghouses, EuroCCP and EMCF.
April 2013 Volume and Market Share Summary:
|
U.S. Equities |
April 2013 |
|
Overall Industry – Average Daily Consolidated Volume |
6.4 billion shares |
|
BATS Exchanges (BZX and BYX Exchange) – Matched Market Share |
10.9% |
|
BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume |
693.5 million shares |
|
U.S. Equity Options |
|
|
BATS Options – Matched Market Share |
4.0% |
|
BATS Options – Average Daily Matched Volume |
656,824 contracts |
|
European Equities |
|
|
Pan-European Total Consolidated Volume1 – Average Daily Notional Value |
€34.9 billion |
|
BATS Chi-X Europe – Overall European Market Share |
22.4% |
|
BATS Chi-X Europe – Total Notional Value Traded |
€163.8 billion |
|
BATS Chi-X Europe – Average Daily Notional Value |
€7.8 billion |
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 April 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
|
U.S. Equities (The BATS Exchanges) |
|
|
|
|
April 2013 |
April 2012 |
|
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; volume and notional figures exclude odd-lots) |
|
|
Average daily matched volume |
693.5 |
746.7 |
|
Total notional value traded for the month |
$558,787.9 |
$519,465.7 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
10.9% |
11.5% |
|
Tape A |
9.5% |
10.0% |
|
Tape B |
14.3% |
15.0% |
|
Tape C |
11.5% |
12.3% |
|
|
|
|
|
Volume By Exchange: |
|
|
|
BZX Exchange: |
|
|
|
Average daily matched volume |
563.3 |
563.5 |
|
Total notional value traded for the month |
$464,356.6 |
$414,755.5 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
8.9% |
8.6% |
|
Tape A |
7.5% |
7.2% |
|
Tape B |
11.8% |
12.1% |
|
Tape C |
9.6% |
9.5% |
|
|
|
|
|
BYX Exchange: |
|
|
|
Average daily matched volume |
130.2 |
183.2 |
|
Total notional value traded for the month |
$94,431.3 |
$104,710.2 |
|
Market share percentage (for the period): |
|
|
|
Overall matched market share |
2.0% |
2.8% |
|
Tape A |
2.0% |
2.8% |
|
Tape B |
2.5% |
2.9% |
|
Tape C |
1.9% |
2.8% |
|
|
|
|
|
BATS 1000 Index (a broad-based U.S. equities market benchmark) |
18,048.40 (04/30/13 close) |
15,822.13 (04/30/12 close) |
|
U.S. Equity Options (BATS Options) |
|
|
||
|
|
April 2013 |
April 2012 |
||
|
|
Contracts |
Market share |
Contracts |
Market share |
|
Average daily matched volume |
656,824 |
4.0% |
488,878 |
3.1% |
|
|
|
|
|
|
|
European Equities2 (BATS Chi-X Europe) |
|
|
|
|
April 2013 |
April 2012 |
|
|
(In millions, except percentage) |
|
|
Total notional value |
€ 163,777.8 |
€173,512.0 |
|
Average daily notional value |
€ 7,798.9 |
€9,132.2 |
|
Displayed average daily notional value |
€ 7,215.6 |
€8,669.5 |
|
Non-displayed3 average daily notional value |
€ 583.3 |
€462.7 |
|
Overall European market share |
22.4% |
24.6% |
|
Market share by market (for the period): |
||
|
|
April 2013 |
April 2012 |
|
London market overall |
25.8% |
30.4% |
|
FTSE 100 securities |
29.2% |
34.5% |
|
FTSE 250 securities |
20.5% |
27.0% |
|
|
|
|
|
Paris market overall |
22.9% |
25.6% |
|
CAC 40 securities |
24.9% |
27.0% |
|
CAC Next20 securities |
16.2% |
25.9% |
|
|
|
|
|
Frankfurt market overall |
24.0% |
24.9% |
|
DAX 30 securities |
25.6% |
26.2% |
|
MDAX securities |
21.8% |
26.3% |
|
|
|
|
|
Amsterdam market overall |
23.0% |
29.6% |
|
AEX securities |
23.5% |
30.3% |
|
AMX securities |
18.7% |
20.9% |
|
|
|
|
|
Brussels market overall |
19.9% |
23.3% |
|
BEL 20 securities |
21.5% |
25.1% |
|
|
|
|
|
Milan market overall |
13.4% |
14.8% |
|
FTSE MIB securities |
14.3% |
15.8% |
|
|
|
|
|
Zurich market overall |
21.1% |
25.6% |
|
SMI securities |
22.9% |
27.3% |
|
SMIM securities |
15.3% |
17.5% |
|
|
|
|
|
Nordic market overall |
24.9% |
24.0% |
|
Helsinki OMXH25 securities |
24.9% |
26.4% |
|
Stockholm OMXS30 securities |
28.2% |
26.9% |
|
Copenhagen OMXC20 securities |
21.8% |
20.2% |
|
Oslo OBX securities |
19.8% |
19.6% |
|
|
|
|
|
Vienna market overall |
14.1% |
14.3% |
|
ATX securities |
14.4% |
14.5% |
|
|
|
|
|
Lisbon market overall |
9.7% |
15.5% |
|
PSI-20 securities |
9.8% |
15.5% |
|
|
|
|
|
Dublin market overall |
5.1% |
4.1% |
|
ISEQ 20 securities |
5.1% |
4.1% |
|
|
|
|
|
Madrid market overall |
12.6% |
5.6% |
|
IBEX 35 securities |
12.8% |
5.6% |
|
|
|
|
|
Key Indices |
|
|
|
EUROSTOXX 50 securities |
22.6% |
22.8% |
|
|
|
|
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.
