Bats Global Markets, Inc. (Bats: BATS) today reported October data and highlights, including a new record month for U.S. options trading at 11.8% and strong single-leg equity options market share at 18.2%.
During the month, Bats also announced the successful migration of BZX Options to Bats’ next generation matching engine . Both Bats’ options markets now operate on the latest proprietary technology.
Further highlights for October include:
- Remaining the #1 U.S. market operator for ETF trading, executing 23.7% of all volume during the month. In addition, Bats has won 25% of all new U.S. ETF listings year-to-date vs only 9% for full-year 2015;
- Maintaining its position as the second-largest U.S. Equities market operator with 20.3% market share;
- Retaining its position as the largest European stock exchange with 23.5% market share and the largest trade reporting facility with €355.7 billion reported to BXTR for the month;
- Recording more than $103.3 billion of notional value per day touched by the Bats markets in October, including trades reported to BXTR.
October 2016 Volume and Market Share Overview
|
|
U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX) |
October 2016 |
|
|
Bats Exchanges – Overall market share |
20.3% |
|
|
Bats Exchanges – Average daily matched volume (shares) |
1.29 billion |
|
|
Overall Industry – Average daily consolidated volume (shares) |
6.37 billion |
|
|
U.S. Equity Options (Bats Options – BZX Options + EDGX Options) |
|
|
|
Bats Options – Overall market share |
11.8% |
|
|
Bats Options – Average daily matched volume (contracts) |
1,706,207 |
|
|
Overall Industry – Average daily consolidated volume (contracts) |
14,410,504 |
|
|
Foreign Exchange (Bats Hotspot) |
|
|
|
Total volume traded |
$531.2 billion |
|
|
Average daily volume (ADV) |
$25.3 billion |
|
|
European Equities (Bats Europe Equities ) |
|
|
|
Bats Europe – Overall European market share |
23.5% |
|
|
Bats Europe – Average daily notional value |
€10.1 billion |
|
|
Pan-European Consolidated Volume 1– Average daily notional value |
€42.8 billion |
|
|
European Trade Reporting (BXTR) |
|
|
|
BXTR – Total notional value reported |
€355.7 billion |
|
|
BXTR – Average daily notional value reported |
€16.9 billion |
1 Based on Bats Europe market coverage, available at batstrading.co.uk
Highlights for the month of October are outlined below by business line:
U.S. EQUITIES: Bats Exchanges (BYX, BZX, EDGA, EDGX) Volume & Market Share
|
|
|
Oct 2016 |
Oct 2015 |
|
|
Bats Exchanges – Overall market share |
20.3% |
21.2% |
|
|
Bats Exchanges – Average daily volume traded (shares) |
1.29 billion |
1.52 billion |
|
|
Bats Exchanges – Average daily notional value traded |
$48.5 billion |
$58.1 billion |
|
|
Bats Exchanges – Total notional value traded for month |
$1.02 trillion |
$1.28 trillion |
|
|
Bats Exchanges market share – Tape A securities |
18.7% |
18.5% |
|
|
Bats Exchanges market share – Tape B securities |
23.3% |
26.9% |
|
|
Bats Exchanges market share – Tape C securities |
21.5% |
23.0% |
|
|
Bats Exchanges market share in ETF trading |
23.7% |
27.2% |
For additional U.S. equities market volume information: Bats U.S. Equities Market Volume Summary
U.S. OPTIONS: Bats Options (BZX Options + EDGX Options) Volume & Market Share
|
|
Oct 2016 |
Oct 2015 |
|
Bats Options – Overall market share |
11.8% |
7.9% |
|
BZX Options – Market share |
10.7% |
7.9% |
|
EDGX Options – Market share |
1.1% |
N/A |
|
Bats Options – Overall average daily volume (contracts) |
1,706,207 |
1,275,909 |
|
BZX Options – Average daily volume |
1,548,654 |
1,275,909 |
|
EDGX Options – Average daily volume |
157,553 |
N/A |
For additional U.S. Options market volume information: Bats U.S. Options Market Volume Summary
FOREIGN EXCHANGE: Hotspot Highlights, Volume & Market Share Statistics2
|
Hotspot Market Statistics |
Oct 2016 |
Oct 2015 |
|
Total volume traded |
$531.2 billion |
$527.0 billion |
|
Average daily volume (ADV) |
$25.3 billion |
$24.0 billion |
|
Number of trading days |
21 |
22 |
|
Hotspot Volume Percentage Breakdown (Timezone) |
|
|
|
Europe |
40.2% |
42.1% |
|
Americas |
44.8% |
43.5% |
|
Asia |
15.0% |
14.4% |
|
Top Five Currency Pairs by Volume Percentage |
|
|
|
EUR/USD |
22.5% |
27.0% |
|
USD/JPY |
15.6% |
15.8% |
|
GBP/USD |
10.6% |
9.8% |
|
AUD/USD |
9.1% |
8.8% |
|
USD/CAD |
8.7% |
8.3% |
|
|
|
|
2 Hotspot volumes represent the notional value in U.S. dollars of all trades executed on the platform, counting one side of the transaction. Hotspot Volume Percentage Breakdown is based on the times at which the trades were executed, based on EST (i.e. EST: Asia: 5pm-2am, Europe: 2am-9am, US: 9am-5pm).
Hotspot daily, monthly, and quarterly volumes are posted on the Hotspot website.
EUROPEAN EQUITIES: Bats Europe + BXTR Volume & Market Share3
- According to Bats statistics on market size, 38.2% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats’ systems in October.
- A total of €389.0 million was traded in the Periodic Auctions book in October, a 27.2% increase over September, with Average Daily Volume totaling €18.5 million.
|
|
|
Oct 2016 |
Oct 2015 |
|
|
Bats Europe – Overall market share |
23.5% |
26.0% |
|
|
Bats Europe – Average daily notional value traded |
€10.1 billion |
€12.8 billion |
|
|
Displayed average daily notional value |
€8.8 billion |
€11.5 billion |
|
|
Non-displayed4 average daily notional value |
€1.3 billion |
€1.3 billion |
|
|
Bats Europe – Total notional value traded |
€211.3 billion |
€281.1 billion |
|
|
BXTR – Total notional value reported |
€355.7 billion |
€389.7 billion |
|
|
BXTR – Average daily notional value reported |
€16.9 billion |
€17.7 billion |
BATS INDICES: October Monthly Performance for Key Bats Indices
Additional information is available on the Bats Indices website.
|
Bats UK 100 |
+0.8% |
|
Bats UK 250 |
-2.4% |
|
Bats UK All Companies |
+0.3% |
3 Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
4 BXE and CXE non-displayed order books.
