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BATS Sets Monthly Records in U.S. Options, Europe Trade Reporting;Remains #1 ETF Trading Venue in U.S., #1 Stock Market in Europe


    BATS Global Markets (BATS) today reported April volume, market share, and monthly highlights including its best month on record for U.S. Options market share, 9.9%, and second-best month on record for U.S. equities market share, 21.2%.

    BATS Options’ April 2015 market share rose from 4.2% one year ago and surpassed the previous monthly market share record of 9.4% set in March 2015. Also in the U.S., BATS remained the #1 U.S. market for ETF trading in executing 26.3% of all ETF trading volume.

    In Europe, BATS Chi-X Europe, already the region’s largest stock exchange, had an exceptionally strong month across key European indices, trading 30.2% of both the German DAX and MDAX; 28.6% of the French CAC40; and 27.3% of both the Dutch AEX and Swedish OMXS30. It was also the second-best month for market share in Spain’s IBEX35 stocks, at 21.2%.

    Additionally, BXTR, BATS Chi-X Europe’s trade reporting facility, had its most successful month ever with more than €506.9 billion reported in total during April, an average of €25.3 billion each trading day.

    Hotspot, BATS’ institutional spot foreign exchange market, posted average daily volume of $28.4 billion in April, up from $25.2 billion one year ago. Beginning this month, Hotspot is offering free trading in spot gold and silver for all customers.

    In all, the BATS markets executed $126.1 billion of notional volume per day in April.

     

    April 2015 Volume and Market Share Overview

    U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX)       April 2015 Overall Industry – Average Daily Consolidated Volume       6.4 billion shares BATS Exchanges – Matched Market Share       21.2% BATS Exchanges – Average Daily Matched Volume       1.36 billion shares U.S. Equity Options (BATS Options)         BATS Options (BZX Options) – Matched Market Share       9.9% BATS Options (BZX Options) – Average Daily Matched Volume       1,505,178 contracts European Equities (BATS Chi-X Europe)         Pan-European Consolidated Volume1 – Average Daily Notional Value       €56.3 billion BATS Chi-X Europe – Overall European Market Share       24.1% BATS Chi-X Europe – Total Notional Value Traded       €271.5 billion BATS Chi-X Europe – Average Daily Notional Value       €13.6 billion

    European Trade Reporting (BXTR)

            BXTR – Total Notional Value Reported       €506.9 billion BXTR – Average Daily Notional Value Reported       €25.3 billion Foreign Exchange (Hotspot)         Total Volume Traded (U.S. Dollar)       $625.4 billion Average Daily Volume (ADV)       $28.4 billion          

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

     

    Additional monthly highlights are outlined below by business line.

    U.S. Equities – Highlights, Volume and Market Share Statistics

    • BATS reported U.S. equities market share of 21.2% in March, up from 20.7% one year ago. Average daily matched volume on the BATS Exchanges was 1.36 billion in line with a year ago.
    • BATS’ options exchange, BZX Options, was the largest maker-taker options exchange in April. The exchange set a new one-day market share record on April 29, reporting 11.4% market share.
    • On April 16, BATS announced it filed rules to launch a second options exchange – EDGX Options – with the Securities and Exchange Commission. The new exchange will be based on a customer priority/pro rata allocation model.
    • The company successfully migrated its U.S. markets from the NJ2 data center in Weehawken, NJ to the Equinix NY5 data center in Secaucus, NJ. BATS Options migrated on Monday, April 13, 2015 and the BZX and BYX Exchanges migrated yesterday.
    • On April 17, BATS announced the appointment of industry veteran Laura Morrison as Senior Vice President, Global Head of Exchange-Traded Products. Ms. Morrison joins from NYSE where she spent 20 years and was most recently Senior Vice President, Global Index and Exchange-Traded Products.
    • On April 10, BATS successfully operated its U.S. business from its disaster recovery site as part of the company’s business continuity planning process.
    • During April, the BZX Exchange ranked 1st or 2nd in quality of trading in 80% of the stocks in the S&P 500® Index, up from 79% in March, as measured by effective spread, according to the BATS market quality statistics.
    • Combined, the BATS Exchanges had the lowest effective spread in 24 of the top 50 exchange-traded products in April.
    • The five most actively-traded options classes on BATS Options during April were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (AAPL), Facebook Inc. (FB), iShares Russell 2000 Index ETF (IWM), and Twitter Inc. (TWTR).
      U.S. EQUITIES: BATS Exchanges (BYX, BZX, EDGA, EDGX) Volume and Market Share         April 2015       April 2014 BATS Exchanges percentage of overall U.S. equities market share       21.2%       20.7% Average daily volume (ADV) traded on BATS Exchanges       1.36 billion shares       1.36 billion shares Total industry volume       6.4 billion shares       6.61 billion shares Total notional value traded on BATS Exchanges       $1.13 trillion       $1.1 trillion Average daily notional value traded on BATS Exchanges       $53.9 billion       $56.0 billion BATS overall market share – Tape A securities       18.8%       18.4% BATS overall market share – Tape B securities       26.1%       26.2% BATS overall market share – Tape C securities       22.5%       21.5%

    BATS overall market share in ETF trading2

          26.3%       26.9% BATS 1000 Index monthly performance and close       +0.6%       +0.7%         23,099.14       21,267.00                  

    For additional U.S. equities market volume information: BATS U.S. Equities Market Volume Summary

                                       

    U.S. OPTIONS: BATS Options Volume and Market Share

           

    April 2015

         

    April 2014

    Average daily matched volume (contracts)

         

    1,505,178

         

    703,313

    Average daily matched volume (market share)

         

    9.9%

         

    4.2%

                     

    For additional U.S. Options market volume information: BATS U.S. Options Market Volume Summary

     

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

    • Monthly market share was 24.1% with average daily notional value traded during April at €13.6 billion, up 38.0% year-on-year. Year-on-year, market share rose substantially in 11 of the 15 markets BATS Chi-X Europe covers.
    • On April 13, BATS Chi-X Europe and ICAP announced new services, when combined, enable market participants to trade fully cleared equity index Exchange for Physical (EFP) transactions anonymously.

    BATS Chi-X Europe Market Share by Market2

    (In millions, except percentages)         April 2015       April 2014 BATS Chi-X Europe overall market share       24.1%       21.4% BATS Chi-X Europe Average daily notional value       € 13,573.9       €8,719.6 Displayed average daily notional value       € 12,117.8       €7,845.4 Non-displayed3 average daily notional value       € 1,456.1       €874.2 London market overall       23.2%       24.2% FTSE 100 securities       24.7%       26.6% FTSE 250 securities       23.1%       21.0% Paris market overall       27.5%       22.2% CAC 40 securities       28.6%       22.7% CAC Next20 securities       27.9%       22.9% Frankfurt market overall       28.6%       24.0% DAX 30 securities       30.2%       26.1% MDAX securities       30.2%       20.9% TecDAX securities       25.8%       9.4% Amsterdam market overall       26.3%       21.3% AEX securities       27.3%       21.9% AMX securities       20.2%       19.3% Brussels market overall       25.8%       22.2% BEL 20 securities       26.7%       23.3% Milan market overall       14.8%       12.5% FTSE MIB securities       16.0%       13.5% Zurich market overall       21.0%       22.2% SMI securities       22.7%       24.2% SMIM securities       22.2%       20.3% Nordic market overall       25.6%       23.1% Helsinki OMXH25 securities       29.0%       25.7% Stockholm OMXS30 securities       27.3%       24.1% Copenhagen OMXC20 securities       23.9%       20.8% Oslo OBX securities       23.4%       23.7% Vienna market overall       21.1%       18.9% ATX securities       22.1%       19.6% Lisbon market overall       15.9%       8.9% PSI-20 securities       16.0%       9.1% Dublin market overall       17.0%       8.7% ISEQ 20 securities       17.0%       8.8% Madrid market overall       20.0%       14.9% IBEX 35 securities       21.2%       15.7%

    Key Indices

                   

    EUROSTOXX 50 securities

         

    25.6%

         

    21.6%

    FTSE RIOB

         

    6.8%

         

    6.8%

     

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

    3BXE and CXE non-displayed order books.

     

    To track European market share for all major exchanges and other venues, please view the BATS Pan-European Market Volume Summary.

    Foreign Exchange – Hotspot Highlights, Volume and Market Share Statistics5

    Hotspot daily, monthly, and quarterly volumes are posted on the Hotspot website.

    • Hotspot posted average daily volume of $28.4 billion in April, up from $25.2 billion one year ago. Total volume traded on Hotspot in April was $625.4 billion, up from $555.3 billion one year ago.
    • On April 21, Hotspot announced plans to offer free gold trading for all customers beginning May 1, 2015. The “Free Gold” promotion, which applies to trading of spot gold and spot silver pairs, will continue through at least year-end 2015, and may be extended into 2016.
      Hotspot Market Statistics         April 2015       April 2014 Total Volume Traded (U.S. Dollar)       $625.4 billion       $555.3 billion Average Daily Volume (ADV)       $28.4 billion       $25.2 billion Number of Trading Days       22       22                   Hotspot Volume Percentage Breakdown         April 2015       April 2014 Europe       43.8%       44.3% Americas       42.1%       40.8% Asia       14.1%       14.9%                   Top Five currency pairs in March by volume percentage         Currency Pair