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Bats Global Markets, Inc. (Bats: BATS), a leading global operator of exchanges and services for financial markets, today reported June data and highlights, including record market share for its U.S. Options business.
Bats reported 11.7% U.S. Options market share, up from 9.7% a year ago, and was also the market leader in single-leg equity options trades with 19.0% market share, a new record for the company.
Additional Bats highlights for June include:
- Remaining the #1 U.S. market operator for ETF trading, executing 24.9% of all May volume, and winning 29% of all U.S. ETF listings so far this year;
- 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 22.9% market share and the largest trade reporting facility with €428.8 billion reported to BXTR for the month;
- Successfully launching a UK-focused benchmark index series on June 13. Bats launched 18 different indices covering large and small cap securities and 12 industry sectors;
- Recording average daily volume of $28.8 billion for Hotspot, the company’s institutional spot foreign exchange market;
- Recording more than $119 billion of notional value per day touched by the Bats markets in June, including trades reported to BXTR.
June 2016 Volume and Market Share Overview
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U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX) |
June 2016 |
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Bats Exchanges – Overall market share |
20.3% |
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Bats Exchanges – Average daily matched volume (shares) |
1.54 billion |
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Overall Industry – Average daily consolidated volume (shares) |
7.61 billion |
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U.S. Equity Options (Bats Options – BZX Options + EDGX Options) |
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Bats Options – Overall market share |
11.7% |
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Bats Options – Average daily matched volume (contracts) |
1,919,507 |
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Overall Industry – Avery daily consolidated volume (contracts) |
16,350,620 |
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European Equities (Bats Europe Equities ) |
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Bats Europe – Overall European market share |
22.9% |
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Bats Europe – Average daily notional value |
€12.4 billion |
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Pan-European Consolidated Volume 1– Average daily notional value |
€53.9 billion |
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European Trade Reporting (BXTR) |
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1 Based on Bats Europe market coverage, available at batstrading.co.uk
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BXTR – Total notional value reported |
€428.8 billion |
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BXTR – Average daily notional value reported |
€19.5 billion |
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Foreign Exchange (Hotspot) |
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Total volume traded |
$633.4 billion |
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Average daily volume (ADV) |
$28.8 billion |
Highlights for the month of June are outlined below by business line.
U.S. EQUITIES: Bats Exchanges (BYX, BZX, EDGA, EDGX) Volume & Market Share
- During June, the BZX Exchange ranked 1st or 2nd in quality of trading in 43% of the stocks in the S&P 500® Index, as measured by effective spread, according to the Bats market quality statistics.
- Combined, the Bats Exchanges had the lowest effective spread in 58% of the top 50 exchange-traded products in June.
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|
June 2016 |
June 2015 |
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Bats Exchanges – Overall market share |
20.3% |
20.1% |
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Bats Exchanges – Average daily volume traded (shares) |
1.54 billion |
1.29 billion |
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Bats Exchanges – Average daily notional value traded |
$54.6 billion |
$51.7 billion |
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Bats Exchanges – Total notional value traded for month |
$1.20 trillion |
$1.14 trillion |
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Bats Exchanges market share – Tape A securities |
18.3% |
17.8% |
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Bats Exchanges market share – Tape B securities |
24.5% |
25.8% |
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Bats Exchanges market share – Tape C securities |
20.8% |
20.7% |
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Bats Exchanges market share in ETF trading |
24.9% |
26.2% |
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
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|
June 2016 |
June 2015 |
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Bats Options – Overall market share |
11.7% |
9.7% |
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BZX Options – Market share |
10.8% |
9.7% |
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EDGX Options – Market share |
0.9% |
N/A |
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Bats Options – Overall average daily volume (contracts) |
1,919,507 |
1,434,949 |
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BZX Options – Average daily volume |
1,767,292 |
1,434,949 |
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EDGX Options – Average daily volume |
152,215 |
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
- Average daily volume traded on Hotspot’s London-area matching engine was $1.7 billion, equating to 5.7% of overall volume available on the platform, a new record.
- On June 14, Bats Hotspot announced plans to launch outright forwards for the FX market later this year.
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Hotspot Market Statistics |
June 2016 |
June 2015 |
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Total volume traded (U.S. Dollar) |
$633.4 billion |
$565.7 billion |
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Average daily volume (ADV) |
$28.8 billion |
$25.7 billion |
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Number of trading days |
22 |
22 |
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Hotspot Volume Percentage Breakdown |
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Europe |
43.4% |
44.2% |
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Americas |
43.1% |
41.1% |
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Asia |
13.5% |
14.7% |
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Top Five Currency Pairs by Volume Percentage |
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EUR/USD |
24.5% |
28.7% |
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USD/JPY |
14.8% |
16.4% |
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GBP/USD |
14.6% |
10.4% |
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AUD/USD |
7.5% |
7.8% |
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USD/CAD |
6.7% |
6.1% |
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, 38.0% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats’ systems in June.
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June 2016 |
June 2015 |
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Bats Europe – Overall market share |
22.9% |
25.1% |
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Bats Europe – Average daily notional value traded |
€12.4 billion |
€ 13.5 billion |
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Displayed average daily notional value |
€10.9 billion |
€ 12.1 billion |
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Non-displayed4 average daily notional value |
€1.4 billion |
€ 1.4 billion |
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Bats Europe – Total notional value traded |
€271.7 billion |
€296.8 billion |
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BXTR – Total notional value reported |
€428.8 billion |
€401.2 billion |
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BXTR – Average daily notional value reported |
€19.5 billion |
€18.2 billion |
BATS INDICES: Monthly Performance for Key Bats Indices
Additional information is available on the Bats Indices website.
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Bats UK 100 |
3.6% |
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Bats UK 250 |
-8.1% |
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Bats UK All Companies |
2.0% |
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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).
3 Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
4 BXE and CXE non-displayed order books.
EUROPE: Bats Europe Equities & Market Share
For additional European Equities market volume information: Bats Europe Market Volume Summary
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June 2016 |
June 2015 |
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London market overall |
25.6% |
25.1% |
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Bats UK 100 |
27.4% |
N/A |
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FTSE 100 securities |
27.3% |
26.5% |
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FTSE 250 securities |
24.5% |
24.3% |
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Paris market overall |
21.9% |
27.3% |
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CAC 40 securities |
22.3% |
28.1% |
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CAC Next20 securities |
25.9% |
27.9% |
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Frankfurt market overall |
24.7% |
29.6% |
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DAX 30 securities |
25.8% |
31.3% |
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MDAX securities |
28.2% |
31.7% |
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TecDAX securities |
22.0% |
23.8% |
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Amsterdam market overall |
23.4% |
25.7% |
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AEX securities |
24.2% |
26.4% |
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AMX securities |
19.3% |
20.1% |
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Brussels market overall |
23.4% |
25.7% |
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BEL 20 securities |
24.2% |
26.0% |
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Milan market overall |
13.1% |
15.5% |
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FTSE MIB securities |
14.6% |
16.6% |
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Zurich market overall |
21.8% |
23.1% |
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SMI securities |
23.3% |
24.7% |
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SMIM securities |
21.4% |
23.1% |
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Nordic market overall |
23.4% |
25.1% |
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Helsinki OMXH25 securities |
25.9% |
30.9% |
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Stockholm OMXS30 securities |
25.5% |
26.9% |
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Copenhagen OMXC20 securities |
22.3% |
25.0% |
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Oslo OBX securities |
21.4% |
22.7% |
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Vienna market overall |
16.9% |
19.8% |
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ATX securities |
17.4% |
20.5% |
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Lisbon market overall |
17.4% |
17.3% |
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PSI-20 securities |
17.5% |
17.3% |
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Dublin market overall |
16.2% |
16.1% |
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ISEQ 20 securities |
16.2% |
16.1% |
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Madrid market overall |
24.0% |
23.2% |
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IBEX 35 securities |
24.7% |
24.3% |
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Key Indices |
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EUROSTOXX 50 securities |
21.8% |
25.3% |
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FTSE RIOB |
7.4% |
8.7% |
