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BATS Global Markets June Highlights: Market Share Remains Strong Globally; Company Plans New York, Chicago Expansion


    BATS Global Markets (BATS) today reported June volume, market share, and monthly highlights:

    • In the U.S., BATS earned 19.2% U.S. equities market share in June, up from 10.4% a year ago. BATS Options recorded 3.9% market share vs. 3.8% one year ago.
    • In Europe, BATS Chi-X Europe finished with overall market share of 20.3%. Over the course of the month €308bn was reported to BATS’ trade reporting facility, BXTR., In addition, a further four participants are now reporting to BXTR with Deutsche Bank, Instinet, KCG and Liquidnet now using the service.
    • On June 9, BATS Chi-X Europe, in partnership with Euroclear Bank, announced the first exchange-traded fund (ETF) listing on BATS – iShares MSCI USA Divident IQ UCITS ETF – with an international securities structure.
    • On June 26, BATS announced the signing of a 10-year lease renewal at its Kansas City-area global headquarters, as well as plans to open a Chicago office and expand its New York City presence due to the Direct Edge Holdings merger.
    • On June 30, BATS announced the upcoming roll-out of the BATS One Feed, a market data product that provides cost-effective, high-quality quote and trade information for market participants looking for comprehensive, real-time market data across all of BATS’ markets.
    • In the U.S., BATS remains on schedule with the Direct Edge integration and member connectivity to the EDGA and EDGX production environments within the Equinix NY5 data center is now available (as of June 30). Additional information on the integration is available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.
     

    June 2014 Volume and Market Share Summary

          U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX)   June 2014   Overall Industry – Average Daily Consolidated Volume   5.79 billion shares   BATS Exchanges – Matched Market Share   19.2%   BATS Exchanges – Average Daily Matched Volume   1.12 billion shares   U.S. Equity Options (BATS Options)       BATS Options – Matched Market Share   3.9%   BATS Options – Average Daily Matched Volume   580,646 contracts   European Equities (BATS Chi-X Europe)       Pan-European Consolidated Volume1 – Average Daily Notional Value   €35.9 billion   BATS Chi-X Europe – Overall European Market Share   20.3%   BATS Chi-X Europe – Total Notional Value Traded   €152.8 billion   BATS Chi-X Europe – Average Daily Notional Value   €7.28 billion  

    1Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk

       

    Additional details regarding BATS’ volume and market share data by market – U.S. equities, U.S. equity options, and European equities – is outlined below.

    U.S. Equities – BATS Exchanges Volume and Market Share Statistics

    Market Quality Statistics

    • During June, the BZX Exchange ranked 1st or 2nd in quality of trading in 76% of the stocks in the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics.
    • Combined, the BZX Exchange and EDGX Exchange had the lowest effective spread in 15 of the top 25 exchange-traded products.
      BATS Exchanges (BZX, BYX, EDGA, EDGX) – Market Volume Summary, Volume, and Statistics       June 2014   June 20132   BATS Exchanges percentage of overall U.S. equities market share   19.2%   10.4%   Average daily volume (ADV) traded on BATS Exchanges   1.12 billion   739.1 million   Total industry volume   5.79 billion   6.68 million   Total notional value traded on BATS Exchanges   $905.7 billion   $565.3 billion   Average daily notional value traded on BATS Exchanges   $43.1 billion   $28.3 billion   BATS overall market share – Tape A securities   17.5%   8.9%   BATS overall market share – Tape B securities   24.1%   14.4%   BATS overall market share – Tape C securities   19.6%   10.1%   BATS overall market share in ETF trading3   24.8%   14.7%   BATS 1000 Index monthly performance and close   -2.4%

    21,139.22

      -1.5%

    18,305.50

     

    2BATS BZX and BYX Exchange data only

             

    3Based on ArcaVision.com data

                       

    To track U.S. equities market share for all major trading exchanges and off-exchange trading, please view the

    BATS U.S. Equities Market Volume Summary.

    U.S. Equity Options – BATS Options Volume and Market Share Statistics

    • The five most actively-traded options classes on BATS Options during June were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (APPL), iShares Russell 2000 Index ETF (IWM), iPath S&P 500 VIX ST Futures ETN (VXX), and PowerShares QQQ Trust, Series 1 ETF (QQQ).
      BATS Options Market Share and Volume       June 2014   June 2013       Contracts   Market share   Contracts   Market Share   Average daily matched volume   580,646   3.9%   669,966   3.8%                    

    To track U.S. options market share for all major trading exchanges, please view the BATS U.S. Options Market Volume Summary.

    European Equities – BATS Chi-X Europe Volume and Market Share Statistics

    To track European market share for all major trading exchanges and other venues, please view the

    BATS Pan-European Market Volume Summary.

      BATS Chi-X Europe Market Share by Market 2       June 2014   June 2013       (In millions, except percentage)   BATS Chi-X Europe overall market share   20.3%   22.5%   BATS Chi-X Europe Average daily notional value   € 7,278.3   €8,017.8   Displayed average daily notional value   € 6,529.9   €7,388.6   Non-displayed3 average daily notional value   € 748.4   €629.2               London market overall   22.7%   26.1%   FTSE 100 securities   24.8%   29.7%   FTSE 250 securities   20.9%   19.5%   Nordic market overall   23.1%   26.7%   Helsinki OMXH25 securities   25.3%   28.6%   Stockholm OMXS30 securities   24.7%   30.1%   Copenhagen OMXC20 securities   21.4%   25.4%   Oslo OBX securities   22.2%   20.6%   Frankfurt market overall   20.7%   25.5%   DAX 30 securities   22.2%   27.5%   MDAX securities   19.8%   21.8%   SDAX securities   9.5%   8.4%   Zurich market overall   20.0%   21.6%   SMI securities   21.9%   23.3%   SMIM securities   20.3%   16.7%   Paris market overall   21.7%   20.6%   CAC 40 securities   21.9%   22.1%   CAC Next20 securities   24.1%   16.9%   Brussels market overall   22.5%   22.5%   BEL 20 securities   22.8%   22.8%   Amsterdam market overall   20.4%   20.1%   AEX securities   21.0%   20.7%   AMX securities   19.5%   16.5%   Vienna market overall   18.4%   13.2%   ATX securities   19.4%   13.6%   Milan market overall   13.8%   12.9%   FTSE MIB securities   14.7%   13.6%   Madrid market overall   15.0%   14.0%   IBEX 35 securities   15.7%   14.4%   Lisbon market overall   8.9%   11.2%   PSI-20 securities   9.1%   11.3%   Dublin market overall   9.0%   4.9%   ISEQ 20 securities   9.1%   4.9%   Key Indices           EUROSTOXX 50 securities   19.6%   22.5%   FTSE RIOB   7.2%   7.4%  

    2Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.

             

    3BXE and CXE non-displayed order books.

                       

    About BATS Global Markets, Inc.
    BATS Global Markets, Inc. is a leading global operator of securities markets, committed to Making Markets Better for traders, investors and issuers. In the U.S., BATS operates four stock exchanges – BZX, BYX, EDGX and EDGA – and regularly ranks as the top market for ETF and retail-driven liquidity. The company is an important listing venue for ETFs and other structured products and also operates BATS Options, a U.S. equity options market. In Europe, BATS operates the largest pan-European equities exchange, offering trading and listing services across 15 major European markets. With its world-class proprietary technology and relentless customer focus, BATS strives to bring efficiency, transparency and fairness to market participants. The company is headquartered in Kansas City with offices in the New York area and London. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.