BATS Global Markets August Highlights: Reports Record U.S. Options Market Share of 5.3%; U.S. and European Equities Market Share Remains Strong

BATS Global Markets (BATS) today reported August highlights including a new U.S. Options market share record of 5.3%, up from 4.1% in July.

Other August news includes:

  • U.S. equities market share of 20.5% vs. 9.6% a year ago, and 20.3% in July.
  • BATS Chi-X Europe equities market share of 22.1%. During August, €251.8bn was reported to BATS’ European trade reporting facility, BXTR, a record market share of 59.0%.
  • On August 7, BATS Exchange welcomed two new ProShares ETFs to its U.S. market.
  • The European Securities and Markets Authority (ESMA) announced the composition of the Consultative Working Group for the Secondary Markets Standing Committee, with Mark Hemsley, CEO of BATS Chi-X Europe, serving for a second term.
  • In the U.S., BATS remains on schedule with the Direct Edge integration. Information regarding the integration is available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.
  • To raise awareness for the ALS Association, Joe Ratterman, CEO of BATS Global Markets, completed the Ice Bucket Challenge, nominating peers at Intercontinental Exchange, NASDAQ and ISE.

August 2014 Volume and Market Share Summary

U.S. Equities (BATS Exchanges – BZX, BYX, EDGA, EDGX)     August 2014
Overall Industry – Average Daily Consolidated Volume     5.24 billion shares
BATS Exchanges – Matched Market Share     20.5%
BATS Exchanges – Average Daily Matched Volume     1.07 billion shares
U.S. Equity Options (BATS Options)
BATS Options – Matched Market Share     5.3%
BATS Options – Average Daily Matched Volume     793,542 contracts
European Equities (BATS Chi-X Europe)
Pan-European Consolidated Volume1 – Average Daily Notional Value     €33.4 billion
BATS Chi-X Europe – Overall European Market Share     22.1%
BATS Chi-X Europe – Total Notional Value Traded     €155.2 billion
BATS Chi-X Europe – Average Daily Notional Value     €7.4 billion
European Trade Reporting (BXTR)
BXTR – Total Notional Value Reported     €251.8 billion

BXTR – Overall European Market Share

    59.0%
BXTR – Average Daily Notional Value Reported     €11.7 billion

1 Based 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 August, 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.
  • Combined, the BZX 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
          August 2014         August 20132
BATS Exchanges percentage of overall U.S. equities market share         20.5%         9.7%
Average daily volume (ADV) traded on BATS Exchanges         1.07 billion         531.0 million
Total industry volume         5.24 billion         5.47 million
Total notional value traded on BATS Exchanges         $916.0 billion         $436.5 billion
Average daily notional value traded on BATS Exchanges         $43.6 billion         $19.8 billion
BATS overall market share – Tape A securities         18.4%         8.3%
BATS overall market share – Tape B securities         25.0%         13.6%
BATS overall market share – Tape C securities         21.7%         9.8%
BATS overall market share in ETF trading3         25.4%         13.1%
BATS 1000 Index monthly performance and close         +3.9%         +0.1%
          22,459.18         18,395.28

2 BATS BZX and BYX Exchange data only

3 Based 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 August were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (APPL), iShares Russell 2000 Index ETF (IWM), iPath S&P 500 VIX ST Futures ETN (VXX), and Facebook Inc. (FB).
BATS Options Market Share and Volume
      August 2014     August 2013
      Contracts     Market share     Contracts     Market Share
Average daily matched volume     793,542     5.3%     592,767     4.1%
                         

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

      August 2014     August 2013
      (In millions, except percentages)
BATS Chi-X Europe overall market share     22.1%     24.1%
BATS Chi-X Europe Average daily notional value     € 7,392.5     € 6,983.0
Displayed average daily notional value     € 6,691.6     € 6,424.2
Non-displayed3 average daily notional value     € 700.9     € 558.8
             
London market overall     23.8%     27.6%
FTSE 100 securities     25.8%     30.8%
FTSE 250 securities     21.4%     21.4%
Nordic market overall     23.1%     28.2%
Helsinki OMXH25 securities     25.4%     30.4%
Stockholm OMXS30 securities     25.4%     31.6%
Copenhagen OMXC20 securities     21.3%     25.4%
Oslo OBX securities     20.9%     25.0%
Frankfurt market overall     26.3%     26.4%
DAX 30 securities     28.6%     28.5%
MDAX securities     25.2%     22.2%
SDAX securities     9.7%     8.7%
Zurich market overall     19.3%     25.7%
SMI securities     21.1%     28.0%
SMIM securities     20.1%     19.2%
Paris market overall     23.3%     23.1%
CAC 40 securities     23.6%     24.4%
CAC Next20 securities     24.6%     20.1%
Brussels market overall     23.7%     22.5%
BEL 20 securities     23.6%     23.7%
Amsterdam market overall     20.6%     21.0%
AEX securities     21.1%     21.4%
AMX securities     19.8%     18.0%
Vienna market overall     18.2%     16.9%
ATX securities     18.9%     17.2%
Milan market overall     15.2%     12.8%
FTSE MIB securities     16.1%     13.6%
Madrid market overall     14.9%     15.0%
IBEX 35 securities     15.3%     15.6%
Lisbon market overall     10.5%     11.2%
PSI-20 securities     10.7%     11.2%
Dublin market overall     8.9%     6.7%
ISEQ 20 securities     8.9%     6.7%
Key Indices            
EUROSTOXX 50 securities     23.0%     23.8%
FTSE RIOB     8.6%     8.0%

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

3 BXE 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.

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