BATS Global Markets Reports 23.4% European Market Share; Sets Record In Germany's SDAX

U.S. Equities Market Share Totals 9.7%; BATS Options Reports 4.1% Market Share

PR Newswire

KANSAS CITY, Mo., and LONDON, Oct. 2, 2013 /PRNewswire/ -- BATS Global Markets (BATS) today reported that BATS Chi-X Europe posted overall market share of 23.4% in September, with a new monthly market share record set in Germany's SDAX (8.8%) and its second-best month on record for market share in Depositary Receipts (FTSE ROIB, 8.3%).

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BATS Chi-X Europe remained the largest pan-European market by market share and notional value traded in September, with monthly market share exceeding 26% in the UK, German, Swedish and Finnish markets. Overall, average daily notional value traded on BATS Chi-X Europe was €7.9 billion in September vs €7.0 billion in August. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €33.8 billion in September, up from €28.7 billion in August.

In the U.S., BATS reported 9.7% market share in U.S. equities as overall equities industry average daily volume fell to 6.1 billion shares from 6.5 billion shares one year ago. BATS Options reported market share of 4.1% in September, unchanged from August.

Additional September Highlights:

  • The BATS Exchange welcomed the iShares Short Maturity Bond ETF (Symbol:NEAR), which began trading on September 26. There are now 20 ETFs listed on BATS Exchange.
  • As part of its ongoing Business Continuity Planning efforts, BATS successfully operated all of its U.S. operations from its disaster recovery site for the second time this year on September 6 to ensure the company is prepared for any disaster situations that could impact the company headquarters. Additionally, BATS Chi-X Europe successfully conducted a disaster recovery test on Saturday, September 28, which simulated various disaster recovery failover scenarios for the exchange.
  • BATS Global Markets was recognized by the Kansas City Business Journal as one of the "Best Places to Work" in Kansas City. This was the third year BATS has been recognized with this honor.
  • During September, the BATS BZX Exchange ranked 1st or 2nd in quality of trading in 366 of the 500 stocks that make up the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in 12 of the top 25 exchange traded products.

September 2013 Volume and Market Share Summary

U.S. Equities

September 2013

     Overall Industry – Average Daily Consolidated Volume

6.1 billion shares

     BATS Exchanges (BZX and BYX Exchange) – Matched Market Share

9.7%

     BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume

594.4 million shares

U.S. Equity Options


     BATS Options – Matched Market Share

4.1%

     BATS Options – Average Daily Matched Volume

637,119 contracts

European Equities


     Pan-European Total Consolidated Volume1 – Average Daily Notional Value

€33.8 billion

     BATS Chi-X Europe – Overall European Market Share

23.4%

     BATS Chi-X Europe – Total Notional Value Traded

€166.1 billion 

     BATS Chi-X Europe – Average Daily Notional Value

€7.9 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 September 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)


September 2013

September 2012

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

      Average daily matched volume

594.4

806.5

      Total notional value traded for the month

$442,476.5

$505,628.5

   Market share percentage (for the period):



Overall matched market share

9.7%

12.4%

Tape A

8.4%

11.7%

Tape B

13.4%

13.9%

Tape C

9.8%

12.9%




Volume By Exchange:



BZX Exchange:


     Average daily matched volume

478.9

585.2

     Total notional value traded for the month

$359,775.2

$383,698.7

  Market share percentage (for the period):



Overall matched market share

7.8%

9.0%

Tape A

6.6%

8.1%

Tape B

11.0%

11.0%

Tape C

8.1%

9.7%




BYX Exchange:



     Average daily matched volume

115.5

221.3

     Total notional value traded for the month

$82,701.3

$121,929.8

  Market share percentage (for the period):



Overall matched market share

1.9%

3.4%

Tape A

1.8%

3.6%

Tape B

2.4%

2.9%

    Tape C

1.7%

3.2%




BATS 1000 Index

(a broad-based U.S. equities market benchmark)

19,035.25

(09/30/13 close)

16,086.42

(09/30/12 close)



U.S. Equity Options (BATS Options)


September 2013

September 2012


Contracts

Market share

Contracts

Market share

Average daily matched volume

637,119

4.1%

594,069

3.5%



European Equities2 (BATS Chi-X Europe)


September 2013

September 2012


(In millions, except percentage)

Total notional value

€166,093.6

€147,972.2

Average daily notional value

€7,909.2

€7,398.7

Displayed average daily notional value

€7,245.3

€6,936.7

Non-displayed3 average daily notional value

€663.9

€462.0

Overall European market share

23.4%

22.8%



Market share by market (for the period):


September 2013

September 2012

London market overall

27.0%

26.6%

FTSE 100 securities

30.3%

30.3%

FTSE 250 securities

21.6%

24.9%




Paris market overall

23.3%

23.2%

CAC 40 securities

24.4%

24.4%

CAC Next20 securities

22.0%

23.2%




Frankfurt market overall

26.3%

25.2%

DAX 30 securities

28.1%

26.0%

MDAX securities

22.7%

27.6%

SDAX securities

8.8%

7.6%




Amsterdam market overall

21.3%

25.5%

AEX securities

21.7%

25.9%

AMX securities

18.3%

20.1%




Brussels market overall

23.2%

21.8%

BEL 20 securities

24.6%

22.0%




Milan market overall

11.3%

11.3%

FTSE MIB securities

11.9%

12.0%




Zurich market overall

24.3%

23.9%

SMI securities

26.7%

25.6%

SMIM securities

18.0%

16.2%




Nordic market overall

27.1%

24.1%

Helsinki OMXH25 securities

27.3%

23.8%

Stockholm OMXS30 securities

29.8%

27.6%

Copenhagen OMXC20 securities

24.4%

22.4%

Oslo OBX securities

24.9%

19.4%




Vienna market overall

14.0%

16.3%

    ATX securities

14.5%

16.6%




Lisbon market overall

11.6%

13.7%

    PSI-20 securities

11.7%

13.9%




Dublin market overall

6.6%

5.8%

    ISEQ 20 securities

6.6%

5.8%




Madrid market overall

12.2%

3.1%

    IBEX 35 securities

12.8%

3.2%




Key Indices

    EUROSTOXX 50 securities

22.5%

20.9%

FTSE RIOB

8.3%

3.6%




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.

About BATS Global Markets, Inc.

BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. In the U.S., BATS operates two stock exchanges, the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and the BATS 1000 Index, an innovative U.S. equities market benchmark. The BATS BZX Exchange is a primary listings venue for exchange-traded products and is home to 20 exchange-traded funds. In Europe, BATS Chi-X Europe, a Recognised Investment Exchange regulated by the UK Financial Conduct Authority (FCA), and the largest pan-European equities exchange by market share and value traded, offers trading in more than 2,800 equities across 25 indices and 15 major European markets. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.

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