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BATS Global Markets November Update: Reports Best Month in EuropeThis Year with 22.9% Market Share; 20.3% U.S. Equities Market Share


    BATS Global Markets (BATS) today reported November volume, market share, and monthly highlights including the strongest month this year in Europe, with 22.9% market share.

    • In the U.S., BATS earned 20.3% U.S. equities market share in November and reported average daily matched volume of 1.25 billion shares. BATS Options recorded 5.8% market share vs. 2.8% one year ago.
    • In Europe, more than €320.5bn was reported to BXTR, the exchange’s trade reporting facility.
    • European market share grew in key markets: share of the French market increased 2.8 percentage points on October 2013; share of the German market was up 3.4 percentage points, and share of the Spanish market was up 2.7 percentage points. BATS Chi-X Europe also made material market share gains in key mid-cap indices.
    • On November 4th, BATS announced that Chris Concannon would join the firm as president. Mr. Concannon will be based in New York and will join the company on December 15th.
    • In the U.S., BATS remains on schedule for the completion of the Direct Edge integration in January 2015. BATS held a customer call on November 25th to review the final transition timeline. Information on the integration process, including a recording of the customer call and presentation slides, is available at bats.com/edgeintegration.
    • BATS Chi-X Europe was honoured in three separate annual awards rankings, winning ‘Hall of Fame - Outstanding Trading Venue’ at The Trade’s annual Leaders in Trading awards; ‘Best Trading Platform or Venue’ at the Banking Technology Awards; and receiving a special commendation as ‘Newcomer/Innovator of the Year’ at the 10th annual Funds Europe Awards. The exchange has won eight industry awards this year.

    “This past year has been pivotal for BATS and as we close out the year, we are excited to welcome industry veteran Chris Concannon on board as president later this month,” said BATS Global Markets CEO Joe Ratterman. “Chris is one of the most respected and accomplished executives in the industry and we couldn’t be more excited for him to join the BATS team as we complete the Direct Edge integration in January.”

         

    November 2014 Volume and Market Share Summary

        U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX)   November 2014 Overall Industry – Average Daily Consolidated Volume   6.17 billion shares BATS Exchanges – Matched Market Share   20.3% BATS Exchanges – Average Daily Matched Volume   1.25 billion shares U.S. Equity Options (BATS Options)     BATS Options – Matched Market Share   5.8% BATS Options – Average Daily Matched Volume   884,941 contracts European Equities (BATS Chi-X Europe)     Pan-European Consolidated Volume1 – Average Daily Notional Value   €41.6 billion BATS Chi-X Europe – Overall European Market Share   22.9% BATS Chi-X Europe – Total Notional Value Traded   €190.8 billion BATS Chi-X Europe – Average Daily Notional Value   €9.5 billion European Trade Reporting (BXTR)     BXTR – Total Notional Value Reported   €320.5 billion BXTR – Average Daily Notional Value Reported   €16.0 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 November, the BZX Exchange ranked 1st or 2nd in quality of trading in 82.8% 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       November 2014   November 20132   BATS Exchanges percentage of overall U.S. equities market share   20.3%   10.0%   Average daily volume (ADV) traded on BATS Exchanges   1.25 billion shares   589.7 million shares   Total industry volume   6.17 billion shares   5.90 million shares   Total notional value traded on BATS Exchanges   $937 billion   $461.5 billion   Average daily notional value traded on BATS Exchanges   $49.3 billion   $23.1 billion   BATS overall market share – Tape A securities   18.4%   9.0%   BATS overall market share – Tape B securities   23.7%   14.3%   BATS overall market share – Tape C securities   21.7%   9.5%   BATS overall market share in ETF trading3   23.7%   15.2%   BATS 1000 Index monthly performance and close   +1.9%

    22,979.25

      +2.2%

    20,281.10

     

    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 November were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (APPL), iShares Russell 2000 Index ETF (IWM), PowerShares QQQ Trust, Series 1 ETF (QQQ), and Yahoo Inc. (YHOO).
        BATS Options Market Share and Volume       November 2014   November 2013       Contracts   Market share   Contracts   Market Share   Average daily matched volume   884,941   5.8%   424,573   2.8%                      

    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       November 2014   November 2013       (In millions, except percentages)   BATS Chi-X Europe overall market share   22.9%   23.0%   BATS Chi-X Europe Average daily notional value   €9,538.8   €7,425.2   Displayed average daily notional value   €8,527.1   €6,784.3   Non-displayed3 average daily notional value   €1,011.7   €640.9               London market overall   24.0%   27.3%   FTSE 100 securities   25.9%   30.5%   FTSE 250 securities   21.7%   21.3%   Nordic market overall   24.8%   26.3%   Helsinki OMXH25 securities   27.0%   29.1%   Stockholm OMXS30 securities   27.5%   29.8%   Copenhagen OMXC20 securities   24.1%   24.5%   Oslo OBX securities   21.2%   21.5%   Frankfurt market overall   27.2%   23.8%   DAX 30 securities   28.3%   25.6%   MDAX securities   30.2%   21.9%   TecDAX securities   26.0%   15.1%   Zurich market overall   18.7%   22.9%   SMI securities   20.5%   25.4%   SMIM securities   20.1%   19.3%   Paris market overall   25.6%   22.8%   CAC 40 securities   25.9%   24.1%   CAC Next20 securities   28.2%   22.6%   Brussels market overall   26.9%   22.0%   BEL 20 securities   26.1%   23.7%   Amsterdam market overall   22.9%   21.8%   AEX securities   23.3%   22.5%   AMX securities   22.9%   17.1%   Vienna market overall   19.5%   14.8%   ATX securities   20.3%   15.4%   Milan market overall   14.3%   13.7%   FTSE MIB securities   14.8%   14.8%   Madrid market overall   17.7%   15.0%   IBEX 35 securities   18.0%   15.8%   Lisbon market overall   14.0%   11.1%   PSI-20 securities   14.1%   11.2%   Dublin market overall   12.6%   7.4%   ISEQ 20 securities   13.4%   7.5%   Key Indices           EUROSTOXX 50 securities   22.9%   22.3%   FTSE RIOB   6.8%   9.0%  

    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 Chicago, the New York area and London. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.