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BATS Chi-X Europe Sets Monthly Spanish Market Share Record; U.S. Options Business Reports Best Month To Date

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- Overall European Market Share 23.5%; U.S. Equities 11.1%

KANSAS CITY, Missouri and LONDON, March 1, 2013 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced record monthly market share in two key markets – Spain and U.S. options.

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"We've long identified the Spanish market as important to our European growth and are pleased to see a significant increase in customer demand to trade Spanish stocks on BATS Chi-X Europe," said Joe Ratterman, chief executive officer and president of BATS Global Markets. "We're also encouraged by the record month in our U.S. options market, where we continue to make progress in a highly competitive environment."

BATS Chi-X Europe earned 8.9% market share in the IBEX 35 in February, exceeding its previous record of 5.8% in April 2012. The firm also recorded its best one-day market share in the Index with 11.9% on Feb. 22.

In the U.S., BATS Options reported 4.0% market share in February vs. 2.8% a year ago and 3.9% last month. BATS' U.S. equities market share came in at 11.1% vs. 10.9% a year ago and 11.7% in January. February marked a record 10th consecutive month with at least 11% U.S. equities market share.

BATS Chi-X Europe, the largest pan-European equities exchange by notional value traded and market share in February, recorded overall market share of 23.5% compared to 24.1% in January and 25.3% a year ago. Average daily notional value was €8.0 billion in February vs. €7.5 billion in January with the latest figure representing the strongest monthly turnover for BATS Chi-X Europe since June 2012. BATS Chi-X Europe's CXE dark order book was the largest dark order book in Europe with an average of €314.0 million traded per day in February.

  • Overall equities industry volumes in the U.S. and Europe continued their upward trend for the year. In the U.S., overall equities volume averaged 6.6 billion shares a day in February, up from a daily average of 6.4 billion shares in January, and down from an average 6.9 billion shares a day one year ago.
  • In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €34.0 billion in February, up from a daily average of €31.3 billion in January and down from €34.9 billion one year ago.   

Other February Highlights:

  • BATS was named "Best Exchange Technology" at the inaugural Market's Choice Awards in New York on Feb. 21, ahead of other major U.S.-based exchange operators.
  • ProShares, a premier provider of alternative exchange traded funds (ETFs), listed its second ETF on the BATS Exchange. The ProShares Global Listed Private Equity ETF began trading on Feb. 28.
  • BATS Options will list and trade Mini Options beginning March 18, giving investors affordable access to options on five high-priced and actively traded securities:  Apple, Google, Amazon, SPDR Gold Trust and SPDR S&P 500.
  • BATS Chi-X Europe's two dark order books, CXE and BXE, both grew in February to combined average daily notional value of €569.1 million compared to €552.3 million in January and €447.5 million one year ago.

February 2013 Volume and Market Share Summary


U.S. Equities

February 2013

     Overall Industry – Average Daily Consolidated Volume

6.6 billion shares

     BATS Exchanges (BZX and BYX Exchange) – Matched Market Share

11.1%

     BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume

727.4 million shares

U.S. Equity Options


     Overall Industry – Average Daily Consolidated Volume

16.5 million contracts

     BATS Options – Matched Market Share

4.0%

     BATS Options – Average Daily Matched Volume

650,531 contracts

European Equities


     Pan-European Total Consolidated Volume(1) – Average Daily Notional Value

€34.0 billion

     BATS Chi-X Europe – Overall European Market Share

23.5%

     BATS Chi-X Europe – Total Notional Value Traded

€160.2 billion 

     BATS Chi-X Europe – Average Daily Notional Value

€8.0 billion 




(1)Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk

Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity Options, European Equities

A complete breakdown of February volume and market share for each market center is outlined below. To track U.S. and European market share for all major trading exchanges and other venues, please visit: http://www.bats.com/markets


U.S. Equities (The BATS Exchanges)




February 2013

February 2012

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;
volume and notional figures exclude odd-lots)

      Average daily matched volume

727.4

757.5

      Total notional value traded for the month

$493,529.7

$522,396.1

   Market share percentage (for the period):



Overall matched market share

11.1%

10.9%

Tape A

9.7%

9.4%

    Tape B

14.5%

14.8%

    Tape C

11.8%

11.7%




Volume By Exchange:



BZX Exchange:


     Average daily matched volume

601.1

587.3

     Total notional value traded for the month

$416,493.3

$420,981.3

  Market share percentage (for the period):



Overall matched market share

9.1%

8.5%

Tape A

7.7%

7.0%

    Tape B

12.5%

12.2%

    Tape C

10.0%

9.3%




BYX Exchange:



     Average daily matched volume

126.3

170.2

     Total notional value traded for the month

$77,036.4

$101,414.8

  Market share percentage (for the period):



Overall matched market share

1.9%

2.4%

Tape A

1.9%

2.5%

    Tape B

2.0%

2.6%

                    Tape C

1.8%

2.3%




BATS 1000 Index

(a broad-based U.S. equities market benchmark)

17,116.32
(02/28/13 close)

 15,505.32
(02/28/12 close)



U.S. Equity Options (BATS Options)




February 2013

February 2012


Contracts

Market share

Contracts

Market share

Average daily matched volume

650,531

4.0%

483,306

2.8%






European Equities(2) (BATS Chi-X Europe)




February 2013

February 2012


(In millions, except percentage)

Total notional value

€ 160,122.3

€185,247.6

Average daily notional value

€ 8,006.1

€8,821.4

Displayed average daily notional value

€ 7,437.0

€8,343.9

    Non-displayed(3) average daily notional value

€ 569.1

€477.5


Overall European market share


23.5%


25.3%




Market share by market (for the period):


February 2013

February 2012

London market overall

29.1%

31.9%

FTSE 100 securities

32.9%

36.6%

FTSE 250 securities

22.6%

26.7%




Paris market overall

24.1%

27.7%

CAC 40 securities

25.8%

29.2%

CAC Next20 securities

21.2%

27.6%




Frankfurt market overall

24.3%

26.3%

DAX 30 securities

25.6%

27.7%

MDAX securities

25.1%

27.0%




Amsterdam market overall

24.7%

30.1%

AEX securities

25.7%

30.9%

AMX securities

17.5%

21.0%




Brussels market overall

22.2%

24.8%

BEL 20 securities

23.3%

28.7%




Milan market overall

15.0%

13.5%

FTSE MIB securities

16.0%

14.3%




Zurich market overall

22.0%

24.4%

SMI securities

23.8%

25.7%

SMIM securities

15.7%

18.8%




Nordic market overall

25.7%

22.3%

Helsinki OMXH25 securities

25.9%

27.5%

Stockholm OMXS30 securities

29.2%

25.1%

Copenhagen OMXC20 securities

24.6%

18.0%

Oslo OBX securities

20.3%

17.8%




Vienna market overall

16.4%

17.8%

         ATX securities

16.7%

18.0%




Lisbon market overall

13.6%

13.8%

         PSI-20 securities

13.6%

13.9%




Dublin market overall

6.9%

4.2%

         ISEQ 20 securities

6.9%

4.2%




Madrid market overall

8.8%

5.0%

         IBEX 35 securities

8.9%

5.0%




Key Indices



EUROSTOXX 50 securities

22.4%

23.9%




(2)Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (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. (BATS) is one of the world's largest stock market operators. BATS operates two stock exchanges and an options exchange in the U.S. and the largest pan-European stock exchange. With a focus on building transparent, quality markets backed by reliable technology and world-class customer service, broker-dealers, institutional and retail investors rely upon BATS' regulated exchanges to execute their trading activities in today's capital markets. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.

SOURCE BATS Global Markets



RELATED LINKS
http://www.batstrading.com

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