BATS Global Markets November Update: Reports Best Month in EuropeThis Year with 22.9% Market Share; 20.3% U.S. Equities Market Share

BATS Global Markets (BATS) today reported November volume, market share, and monthly highlights including the strongest month this year in Europe, with 22.9% market share.

• In the U.S., BATS earned 20.3% U.S. equities market share in November and reported average daily matched volume of 1.25 billion shares. BATS Options recorded 5.8% market share vs. 2.8% one year ago.
• In Europe, more than €320.5bn was reported to BXTR, the exchange’s trade reporting facility.
• European market share grew in key markets: share of the French market increased 2.8 percentage points on October 2013; share of the German market was up 3.4 percentage points, and share of the Spanish market was up 2.7 percentage points. BATS Chi-X Europe also made material market share gains in key mid-cap indices.
• On November 4^th, BATS announced that Chris Concannon would join the firm as president. Mr. Concannon will be based in New York and will join the company on December 15^th.
• In the U.S., BATS remains on schedule for the completion of the Direct Edge integration in January 2015. BATS held a customer call on November 25^th to review the final transition timeline. Information on the integration process, including a recording of the customer call and presentation slides, is available at bats.com/edgeintegration.
• BATS Chi-X Europe was honoured in three separate annual awards rankings, winning ‘Hall of Fame - Outstanding Trading Venue’ at The Trade’s annual Leaders in Trading awards; ‘Best Trading Platform or Venue’ at the Banking Technology Awards; and receiving a special commendation as ‘Newcomer/Innovator of the Year’ at the 10^th annual Funds Europe Awards. The exchange has won eight industry awards this year.

“This past year has been pivotal for BATS and as we close out the year, we are excited to welcome industry veteran Chris Concannon on board as president later this month,” said BATS Global Markets CEO Joe Ratterman. “Chris is one of the most respected and accomplished executives in the industry and we couldn’t be more excited for him to join the BATS team as we complete the Direct Edge integration in January.”

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 November, the BZX Exchange ranked 1^st or 2^nd in quality of trading in 82.8% 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 15 of the top 25 exchange-traded products.

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 November were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (APPL), iShares Russell 2000 Index ETF (IWM), PowerShares QQQ Trust, Series 1 ETF (QQQ), and Yahoo Inc. (YHOO).

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.

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 Chicago, the New York area and London. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.