BATS Global Markets (BATS) today reported March volume, market share, and monthly highlights:
- BATS reported 19.9% U.S. equities market share in March, up from 10.6% a year ago.
- BATS Options reported 4.1% market share, up from 3.8% one year ago.
- In Europe, BATS Chi-X Europe reported overall market share of 20.4%. BATS’ pan-European trade reporting facility, BXTR, set a new monthly market share record of 57.0% in March, according to BATS and Thomson Reuters. Additionally, BXTR posted a one day record in excess of €19 billion of transactions on 26th March.
- BATS successfully operated its U.S. equities exchanges, BZX and BYX, and BATS Options, from its disaster recovery site on March 13 as part of its Business Continuity Planning (BCP) process.
- Bryan Harkins, Executive Vice President and Head of U.S. Markets at BATS, was honored by Crain’s New York Business’s prestigious “40 Under Forty” list, which recognizes New York professionals under 40 years of age who have made outstanding achievements in their personal and professional lives.
- BATS continued to make progress on the Direct Edge integration and information is available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.
| March 2014 Volume and Market Share Summary
| ||
| U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX) | March 2014 | |
| Overall Industry – Average Daily Consolidated Volume | 6.89 billion shares | |
| BATS Exchanges – Matched Market Share | 19.9% | |
| BATS Exchanges – Average Daily Matched Volume | 1.37 billion shares | |
| U.S. Equity Options (BATS Options) | ||
| BATS Options – Matched Market Share | 4.1% | |
| BATS Options – Average Daily Matched Volume | 684,939 contracts | |
| European Equities (BATS Chi-X Europe) | ||
| Pan-European Consolidated Volume1 – Average Daily Notional Value | €43.4 billion | |
| BATS Chi-X Europe – Overall European Market Share | 20.4% | |
| BATS Chi-X Europe – Total Notional Value Traded | €186.3 billion | |
| BATS Chi-X Europe – Average Daily Notional Value | €8.87 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 March, the BZX Exchange ranked 1st or 2nd in quality of trading in 70% of the stocks in the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics.
- Together the BZX Exchange and EDGX Exchange had the lowest effective spread in 19 of the top 25 exchange-traded products.
- The EDGX Exchange ranked second in terms of overall market share for Tape C securities in March.
| BATS Exchanges (BZX, BYX, EDGA, EDGX) – Market Volume Summary, Volume, and Statistics | ||||||
| March 2014 | March 20132 | |||||
| BATS Exchanges percentage of overall U.S. equities market share | 19.9% | 10.6% | ||||
| Average daily volume (ADV) traded on BATS Exchanges | 1,372,579,543 | 651,824,362 | ||||
| Total industry volume | 6,888,808,630 | 6,126,284,215 | ||||
| Total notional value traded on BATS Exchanges | $1.1 trillion | $468.4 billion | ||||
| Average daily notional value traded on BATS Exchanges | $53.8 billion | $23.4 billion | ||||
| BATS overall market share – Tape A securities | 17.7% | 9.3% | ||||
| BATS overall market share – Tape B securities | 25.7% | 14.1% | ||||
| BATS overall market share – Tape C securities | 20.3% | 11.3% | ||||
| BATS overall market share in ETF trading3 | 26.6% | 14.9% | ||||
| BATS 1000 Index monthly performance and close | +0.6% 21,110.68 | +3.8% 17,773.47 | ||||
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 March were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), iShares Russell 2000 Index ETF (IWM), Bank of America Corp. (BAC), iPath S&P 500 VIX Short-Term Futures ETN (VXX), and Micron Technology, Inc. (MU).
- On March 14, BATS Options began accepting orders for queuing at 8:00 a.m. ET with regular trading beginning after the Opening Process is complete.
- BATS Options is the lead sponsor of the annual Options Industry Conference taking place in Austin, TX April 30 through May 2.
| BATS Options Market Share and Volume | ||||||||
| March 2014 | March 2013 | |||||||
| Contracts | Market share | Contracts | Market Share | |||||
| Average daily matched volume | 684,939 | 4.1% | 574,846 | 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 Market2 | ||||
| March 2014 | March 2013 | |||
| (In millions, except percentage) | ||||
| BATS Chi-X Europe overall market share | 20.4% | 22.5% | ||
| BATS Chi-X Europe Average daily notional value | €8,871.3 | €7,864.3 | ||
| Displayed average daily notional value | €8,053.8 | €7,293.3 | ||
| Non-displayed3 average daily notional value | €817.5 | €571.0 | ||
| London market overall | 22.4% | 25.8% | ||
| FTSE 100 securities | 25.2% | 29.0% | ||
| FTSE 250 securities | 20.4% | 21.2% | ||
| Nordic market overall | 22.9% | 25.5% | ||
| Helsinki OMXH25 securities | 25.6% | 24.0% | ||
| Stockholm OMXS30 securities | 23.7% | 29.0% | ||
| Copenhagen OMXC20 securities | 21.5% | 23.9% | ||
| Oslo OBX securities | 23.7% | 21.0% | ||
| Frankfurt market overall | 23.4% | 23.4% | ||
| DAX 30 securities | 25.4% | 24.8% | ||
| MDAX securities | 19.7% | 22.3% | ||
| SDAX securities | 8.5% | 6.6% | ||
| Zurich market overall | 19.9% | 20.7% | ||
| SMI securities | 21.7% | 22.5% | ||
| SMIM securities | 18.2% | 14.6% | ||
| Paris market overall | 20.8% | 23.4% | ||
| CAC 40 securities | 21.5% | 25.0% | ||
| CAC Next20 securities | 21.0% | 19.6% | ||
| Brussels market overall | 20.7% | 21.8% | ||
| BEL 20 securities | 22.0% | 23.1% | ||
| Amsterdam market overall | 20.1% | 24.0% | ||
| AEX securities | 20.7% | 25.0% | ||
| AMX securities | 17.2% | 16.7% | ||
| Vienna market overall | 18.5% | 12.6% | ||
| ATX securities | 19.3% | 12.9% | ||
| Milan market overall | 11.8% | 14.4% | ||
| FTSE MIB securities | 12.7% | 15.4% | ||
| Madrid market overall | 16.1% | 12.5% | ||
| IBEX 35 securities | 16.7% | 12.8% | ||
| Lisbon market overall | 7.8% | 11.6% | ||
| PSI-20 securities | 8.0% | 11.7% | ||
| Dublin market overall | 6.8% | 4.7% | ||
| ISEQ 20 securities | 6.9% | 4.7% | ||
| Key Indices | ||||
| EUROSTOXX 50 securities | 21.0% | 22.2% | ||
| FTSE RIOB | 7.4% | 5.8% | ||
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.
