BATS Reports Record U.S. Options Market Share in July; EquitiesMarket Share Remains Strong in U.S. and Europe

BATS Global Markets (BATS) today reported July data and highlights including record market share of 10.8% for its U.S. options business, surpassing the previous record of 9.9% set in April 2015.

In U.S. options, BATS set a one-day record of 2.47 million contracts traded on July 24 and also set a one-day market share record of 11.8% on July 21. In July, BATS Options recorded eight of its top ten days on record in terms of market share.

In U.S. equities, BATS reported market share of 21.0% in July, up from 20.3% one year ago. Average daily matched volume on the BATS Exchanges was 1.41 billion shares, up from 1.16 billion shares one year ago. BATS also remained the #1 U.S. market for exchange-traded fund (ETF) trading in July, executing 25.9% of all ETF volume.

In Europe, BATS Chi-X Europe’s market share rose year-on-year in 12 of the 15 markets in which the exchange offers trading, with pan-European market share of 23.4%. In Europe, BXTR, the company’s trade reporting facility, also retained the #1 spot, with €401.1 billion reported, an average of €18.2 billion per trading day.

Hotspot, BATS’ institutional spot foreign exchange market, posted average daily volume of $23.5 billion in July vs. $24.0 billion one year ago. Total volume traded on Hotspot in July was $540.7 billion (23 trading days) vs. $551.6 billion one year ago (23 trading days).

In all, the BATS markets executed $110.5 billion of notional volume per day in July. BATS was the largest equities market operator globally handling more than $1,490.5 billion.

¹ Based 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 and Options – Highlights, Volume and Market Share Statistics

• BATS remains on track to launch its second U.S. options market, EDGX Options, on November 2, 2015, pending SEC approval.
• During July, the BZX Exchange ranked 1^st or 2^nd in quality of trading in 62% of the stocks in the S&P 500^® Index, as measured by effective spread, according to the BATS market quality statistics.
• Combined, the BATS Exchanges had the lowest effective spread in 61 of the top 100 exchange-traded products in July.
• The five most actively-traded options classes on BZX Options during July were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (AAPL), Facebook Inc. (FB, iShares Russell 2000 Index ETF (IWM), and PowerShares QQQ Trust, Series 1 ETF (QQQ).

^{2 ETF data is sequential}

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

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

³ Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
⁴ BXE and CXE non-displayed order books.

For additional European equities market volume information: 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 remains on schedule to launch its new London matching engine in the Equinix LD4 data center on Monday, September 14, 2015. Hotspot will offer free trading on the London matching engine through the end of this year.

^{5 Market share figures are for full month. BATS closed its acquisition of Hotspot on March 13, 2015. Hotspot volumes represent the notional value in U.S. dollars of all trades executed on the platform, counting one side of the transaction. Hotspot Volume Percentage Breakdown is based on the times at which the trades were executed, based on EST (i.e. EST: Asia: 5pm-2am, Europe: 2am-9am, US: 9am-5pm).}

About BATS Global Markets, Inc.

BATS Global Markets, Inc., a leading global operator of exchanges and services for financial markets, is committed to Making Markets Better for traders, investors and issuers. In Europe, BATS operates the largest pan-European equities exchange, offering trading and listing services across 15 major European markets, as well as BXTR, the continent’s largest trade reporting facility. 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 a listing venue for ETFs and other structured products, also operates a U.S. equity options market, BATS BZX Options, and is launching BATS EDGX Options later in 2015. Globally, BATS serves the foreign exchange (FX) market, the world’s largest asset class, with Hotspot, a leading institutional spot foreign exchange market. With its world-class 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 New York, London, Chicago and Singapore. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.

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