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BATS Global Markets February 2015 Update: Reports 8.2% U.S. Options Market Share, 20.7% U.S. Equities Market Share, 23.7% European Equities Market Share


    BATS Global Markets (BATS) today reported February volume, market share, and monthly highlights including its second best month on record for U.S. Options market share, which was 8.2%, up from 3.6% one year ago.

    • In the U.S., February market share was 20.7%, up from 20.4% one year ago. Average daily matched volume on the BATS Exchanges was 1.41 billion shares vs 1.43 billion a year ago.
    • In Europe, BATS Chi-X Europe – the region’s largest equities exchange – reported 23.7% overall market share. Average daily notional value traded was €12.3 billion, up substantially from €8.9bn in February 2014. Year-on-year, market share rose in 14 of the 15 markets BATS Chi-X Europe covers.
    • BXTR, BATS Chi-X Europe’s trade reporting facility, had its second-most successful month ever with more than €369.3bn reported in total during February, an average of €18.5bn each trading day.
    • On February 24th, BATS announced that Chris Concannon will be appointed to the additional role of chief executive officer, effective March 31, 2015. Joe Ratterman will assume the role of chairman of the BATS board.
    • BATS welcomed two new exchange-traded funds (ETF) to its U.S. listings market. The KraneShares Emerging Markets Plus ETF commenced trading on February 17th and the iShares U.S. Fixed Income Balanced Risk ETF commenced trading on February 26th.
    • On February 3rd, BATS announced that it had formally filed a petition for rulemaking on market structure reform with the Securities and Exchange Commission (SEC) and issued a call-to-action to the industry to drive regulatory reform.
    • BATS continues to make progress towards the closing of its acquisition of the Hotspot FX market, with closing scheduled for March 13th.

    February 2015 Volume and Market Share Summary

    U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX)       February 2015 Overall Industry – Average Daily Consolidated Volume       6.79 billion shares BATS Exchanges – Matched Market Share       20.7% BATS Exchanges – Average Daily Matched Volume       1.41 billion shares U.S. Equity Options (BATS Options)         BATS Options – Matched Market Share       8.2% BATS Options – Average Daily Matched Volume       1,280,060 contracts European Equities (BATS Chi-X Europe)         Pan-European Consolidated Volume1 – Average Daily Notional Value       €52.2 billion BATS Chi-X Europe – Overall European Market Share       23.7% BATS Chi-X Europe – Total Notional Value Traded       €246.8 billion BATS Chi-X Europe – Average Daily Notional Value       €12.3 billion European Trade Reporting (BXTR)         BXTR – Total Notional Value Reported       €369.3 billion BXTR – Average Daily Notional Value Reported       €18.5 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 February, the BZX Exchange ranked 1st or 2nd in quality of trading in 67% 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 – BYX, BZX, EDGA, EDGX – had the lowest effective spread in 25 of the top 50 exchange-traded products.
        BATS Exchanges (BYX, BZX, EDGA, EDGX) – Market Volume Summary, Volume, and Statistics         February 2015       February 2014   BATS Exchanges percentage of overall U.S. equities market share     20.7%       20.4%   Average daily volume (ADV) traded on BATS Exchanges     1.41 billion shares       1.43 billion shares   Total industry volume     6.79 billion shares       7.01 billion shares   Total notional value traded on BATS Exchanges     $1.05 trillion       $1.1 trillion   Average daily notional value traded on BATS Exchanges     $55.4 billion       $57.3 billion   BATS overall market share – Tape A securities     18.8%       18.1%   BATS overall market share – Tape B securities     24.3%       26.0%   BATS overall market share – Tape C securities     22.0%       21.0%   BATS overall market share in ETF trading2     24.4%       26.6%   BATS 1000 Index monthly performance and close     +4.8%

    23,365.95

          +4.3%

    20,979.74

     

    2Based 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 February were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (APPL), iShares Russell 2000 Index ETF (IWM), Facebook Inc. (FB), and the iPath S&P 500 VIX Short-Term Futures ETN (VXX).
        BATS Options Market Share and Volume         February 2015     February 2014         Contracts     Market share     Contracts     Market Share   Average daily matched volume     1,280,060     8.2%     633,237     3.6%                              

    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 Market3

            February 2015       February 2014         (In millions, except percentages)   BATS Chi-X Europe overall market share     23.7%       21.9%   BATS Chi-X Europe Average daily notional value     €12,339.4       €8,885.7   Displayed average daily notional value     €11,106.0       €8,093.3  

    Non-displayed4 average daily notional value

        €1,233.4       €792.4                     London market overall     24.4%       23.7%   FTSE 100 securities     26.1%       25.7%   FTSE 250 securities     23.1%       21.7%   Paris market overall     27.3%       22.4%   CAC 40 securities     28.2%       23.6%   CAC Next20 securities     29.7%       22.0%   Frankfurt market overall     26.5%       23.7%   DAX 30 securities     27.9%       25.9%   MDAX securities     29.5%       20.4%   TecDAX securities     23.8%       14.2%   Amsterdam market overall     26.3%       21.2%   AEX securities     27.2%       22.2%   AMX securities     22.2%       15.8%   Brussels market overall     27.4%       22.5%   BEL 20 securities     28.0%       23.9%   Milan market overall     14.8%       13.6%   FTSE MIB securities     15.6%       14.9%   Zurich market overall     19.7%       21.6%   SMI securities     21.2%       23.6%   SMIM securities     21.1%       18.4%   Nordic market overall     24.8%       23.9%   Helsinki OMXH25 securities     27.1%       25.4%   Stockholm OMXS30 securities     26.7%       26.4%   Copenhagen OMXC20 securities     24.5%       21.4%   Oslo OBX securities     22.5%       23.4%   Vienna market overall     20.3%       20.2%   ATX securities     21.2%       20.8%   Lisbon market overall     14.5%       9.6%   PSI-20 securities     14.7%       9.9%   Dublin market overall     12.5%       8.3%   ISEQ 20 securities     12.6%       8.4   Madrid market overall     19.1%       18.3%   IBEX 35 securities     20.4%       19.1%   Key Indices                 EUROSTOXX 50 securities     24.6%       23.3%   FTSE RIOB     7.0%       8.2%  

    3Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
    4BXE 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, as well as the largest pan-European trading facility, BXTR. 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 New York, London and Chicago. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.