BATS Global Markets (BATS) today reported May volume, market share, and monthly highlights:
- In the U.S., BATS reported 20.1% U.S. equities market share in May, up from 10.4% a year ago. BATS Options reported 3.8% market share, in line with one year ago.
- In Europe, BATS Chi-X Europe reported overall market share of 20.6%. Over the course of the month €411.2bn was reported to BATS’ trade reporting facility, BXTR, setting a new record, with a new one-day record of €26.8bn on May 13.
- On May 1, BATS Chi-X Europe successfully operated from its disaster recovery site for the first time as part of the company’s Business Continuity Planning (BCP) process.
- On May 19, BATS announced that full depth-of-book order information for its EDGA and EDGX exchanges is now available on the Bloomberg Professional® service.
- On May 29, BATS unveiled new pricing and a lead market maker (LMM) program for its U.S. Listings business. With the new pricing, exchange-traded products (ETPs) that trade more than 400,000 shares per day will be eligible for a free listing on BATS Exchange.
- In the U.S., BATS continued to make progress on the Direct Edge integration and on May 5 announced the availability of member connectivity to EDGA and EDGX certification environments within the Equinix NY5 data center beginning June 2, 2013. The connection request form and additional information is available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.
Additional highlights include:
- BATS Global Markets Global Chief Information Officer Chris Isaacson and General Counsel Eric Swanson spoke at the SIFMA Market Structure Conference on May 14 on market regulation and market resiliency.
- BATS Chi-X Europe COO David Howson spoke at FIX Trading Community’s Nordic Trading Briefing on May 15 on the future for the Nordic region.
May 2014 Volume and Market Share Summary
| U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX) | May 2014 | |||||||
| Overall Industry – Average Daily Consolidated Volume | 5.76 billion shares | |||||||
| BATS Exchanges – Matched Market Share | 20.1% | |||||||
| BATS Exchanges – Average Daily Matched Volume | 1.16 billion shares | |||||||
| U.S. Equity Options (BATS Options) | ||||||||
| BATS Options – Matched Market Share | 3.8% | |||||||
| BATS Options – Average Daily Matched Volume | 554,009 contracts | |||||||
| European Equities (BATS Chi-X Europe) | ||||||||
| Pan-European Consolidated Volume1 – Average Daily Notional Value | €35.7 billion | |||||||
| BATS Chi-X Europe – Overall European Market Share | 20.6% | |||||||
| BATS Chi-X Europe – Total Notional Value Traded | €162.3 billion | |||||||
| BATS Chi-X Europe – Average Daily Notional Value | €7.38 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 May, the BZX Exchange ranked 1st or 2nd in quality of trading in 71% 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, BYX Exchange, and EDGX Exchange had the lowest effective spread in 17 of the top 25 exchange-traded products.
| BATS Exchanges (BZX, BYX, EDGA, EDGX) – Market Volume Summary, Volume, and Statistics | |||||||||||
| May 2014 | May 20132 | ||||||||||
| BATS Exchanges percentage of overall U.S. equities market share | 20.1% | 10.4% | |||||||||
| Average daily volume (ADV) traded on BATS Exchanges | 1,115,788,932 | 660,210,191 | |||||||||
| Total industry volume | 5,761,881,935 | 6,367,299,555 | |||||||||
| Total notional value traded on BATS Exchanges | $953.6 billion | $549.3 billion | |||||||||
| Average daily notional value traded on BATS Exchanges | $45.4 billion | $25.1 billion | |||||||||
| BATS overall market share – Tape A securities | 18.0% | 9.0% | |||||||||
| BATS overall market share – Tape B securities | 24.8% | 14.2% | |||||||||
| BATS overall market share – Tape C securities | 21.2% | 10.8% | |||||||||
| BATS overall market share in ETF trading3 | 25.3% | 14.7% | |||||||||
| BATS 1000 Index monthly performance and close | +1.9% 21,662.96 | +1.4% 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 May were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), iShares Russell 2000 Index ETF (IWM), PowerShares QQQ Trust, Series 1 ETF (QQQ), Apple Inc. (APPL), and Facebook Inc. (FB).
| BATS Options Market Share and Volume | |||||||||||||||||
| May 2014 | May 2013 | ||||||||||||||||
| Contracts | Market share | Contracts | Market Share | ||||||||||||||
| Average daily matched volume | 554,009 | 3.8% | 658,045 | 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 | ||||||||||
| May 2014 | May 2013 | |||||||||
| (In millions, except percentage) | ||||||||||
| BATS Chi-X Europe overall market share | 20.6% | 22.4% | ||||||||
| BATS Chi-X Europe Average daily notional value | € 7,377.4 | €7,168.2 | ||||||||
| Displayed average daily notional value | € 6,636.0 | €6,585.7 | ||||||||
| Non-displayed3 average daily notional value | € 741.4 | €582.5 | ||||||||
| London market overall | 23.9% | 26.5% | ||||||||
| FTSE 100 securities | 26.4% | 29.7% | ||||||||
| FTSE 250 securities | 20.7% | 19.9% | ||||||||
| Nordic market overall | 22.5% | 25.5% | ||||||||
| Helsinki OMXH25 securities | 25.7% | 26.7% | ||||||||
| Stockholm OMXS30 securities | 23.5% | 29.5% | ||||||||
| Copenhagen OMXC20 securities | 20.4% | 22.1% | ||||||||
| Oslo OBX securities | 22.7% | 19.8% | ||||||||
| Frankfurt market overall | 21.4% | 25.5% | ||||||||
| DAX 30 securities | 23.5% | 27.8% | ||||||||
| MDAX securities | 18.8% | 20.1% | ||||||||
| SDAX securities | 8.5% | 7.8% | ||||||||
| Zurich market overall | 21.4% | 21.2% | ||||||||
| SMI securities | 23.4% | 23.1% | ||||||||
| SMIM securities | 20.1% | 15.4% | ||||||||
| Paris market overall | 22.1% | 22.0% | ||||||||
| CAC 40 securities | 22.8% | 23.6% | ||||||||
| CAC Next20 securities | 22.7% | 15.8% | ||||||||
| Brussels market overall | 21.6% | 19.0% | ||||||||
| BEL 20 securities | 22.1% | 21.1% | ||||||||
| Amsterdam market overall | 20.5% | 21.3% | ||||||||
| AEX securities | 21.3% | 22.2% | ||||||||
| AMX securities | 19.0% | 16.0% | ||||||||
| Vienna market overall | 18.3% | 13.6% | ||||||||
| ATX securities | 19.4% | 14.0% | ||||||||
| Milan market overall | 12.9% | 11.9% | ||||||||
| FTSE MIB securities | 13.6% | 12.6% | ||||||||
| Madrid market overall | 13.4% | 13.7% | ||||||||
| IBEX 35 securities | 14.0% | 14.0% | ||||||||
| Lisbon market overall | 7.7% | 10.2% | ||||||||
| PSI-20 securities | 7.9% | 10.3% | ||||||||
| Dublin market overall | 9.1% | 4.1% | ||||||||
| ISEQ 20 securities | 9.2% | 4.1% | ||||||||
| Key Indices | ||||||||||
| EUROSTOXX 50 securities | 20.0% | 22.5% | ||||||||
| FTSE RIOB | 6.1% | 8.1% | ||||||||
| 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.