BATS Global Markets Gains European Market Share In January
KANSAS CITY, Missouri and LONDON, February 2, 2012 /PRNewswire/ --
- REMAINS LARGEST EUROPEAN EQUITIES MARKET OPERATOR WITH 25.9% BY OVERALL VALUE TRADED; ALSO EARNS 11.1% U.S. EQUITIES MARKET SHARE
BATS Global Markets (BATS), a global operator of stock and options markets, today reported increased European market share in January and strong equities matched market share in the U.S.
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BATS reported 11.1% U.S. equities matched market share compared to 10.4% a year ago. In Europe, BATS Europe and Chi-X Europe, which BATS is combining to form BATS Chi-X Europe, recorded consolidated market share of 25.9% compared to 25.4% in December 2011 and 23.8% a year ago. BATS Options reported 3.0% market share compared to 1.3% a year ago.
BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA-authorized multilateral trading facilities.
January 2012 highlights for each of the BATS markets are outlined below.
BATS U.S. Equities:
- BATS U.S. equities reported matched market share of 11.1% in January 2012 up from 10.4% in the same period a year ago.
- BATS U.S. equities reported average daily matched volume of 766.6 million shares in January 2012.
BATS Options:
- BATS Options reported matched market share of 3.0% in January 2012, up from 1.3% one year ago, with average daily matched volume of 483,050 contracts.
- BATS Options' highest one-day matched contract volume for the month was 738,467 contracts, reported on January 20.
BATS Chi-X Europe:
- BATS Chi-X Europe reported combined overall European market share of 25.9% in January compared to 23.8% a year ago, making BATS the largest European equities market operator for the second consecutive month since the Chi-X Europe acquisition closed November 30, 2011.
- BATS Chi-X Europe reported combined total notional value in January of €185.1 billion traded and combined average daily notional value of €8.4 billion.
- The BATS Chi-X Europe dark pools earned combined average notional value traded of €460.5 million for the month versus €448.2 million a year ago.
Additional company news:
- On January 12, 2012, BATS announced that iShares would list nine ETFs on the BATS BZX Exchange in the U.S. beginning January 24, 2012, marking BATS' first primary listings. BATS became a U.S. primary listings venue in December 2011 providing issuers an alternative for initial public offerings (IPOs), stock listing transfers, and dual-listed securities.
- BATS announced on January 18, 2012, that it will use Savvis' Chicago CH4 data center as its secondary data center facility for all three of its U.S. markets. The build out of the secondary facility is to be completed in 2012.
- BATS Chi-X Europe launched four-way interoperable clearing on January 6, 2012, making BATS Europe and Chi-X Europe the first European trading platforms to provide participants a choice of clearer from four interoperating central counterparties: EMCF, EuroCCP, LCH.Clearnet and SIX x-clear.
- The BATS 1000® Index ended the month up 616.93 points, or 4.3%, to close at 15,007.54. The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors.
- Among global equities markets operators in December 2011, BATS remained the third-largest in the world after NYSE Euronext and NASDAQ OMX in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. In November, all four of BATS' equity market centers ranked among the top 30 largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, Chi-X Europe was ranked #12, the BYX Exchange was ranked #13, and BATS Europe was ranked #30. (January 2012 information for international exchanges is not yet available.)
A breakdown of January volume and market share for each market center is outlined below. To track U.S. and Europe market share for all major trading exchanges and other venues, please visit: http://www.batsglobalmarkets.com/markets/
U.S. Equities*:
January 2012 January 2011
(In millions, except percentages)
The BATS Exchanges (BZX & BYX combined)
Average daily matched volume 766.6 845.5
Total notional value traded for the
month $505,634.8 $533,610.6
Market share percentage (for the period):
Tape A 9.5% 8.5%
Tape B 15.2% 15.2%
Tape C 12.1% 11.9%
Overall matched market share 11.1% 10.4%
Volume By Exchange:
BZX Exchange:
Average daily matched volume 602.5 717.1
Total notional value traded for the
month $410,636.4 $475,009.7
Market share percentage (for the period):
Tape A 7.1% 6.8%
Tape B 12.8% 14.0%
Tape C 9.8% 10.3%
Overall matched market share 8.7% 8.8%
BYX Exchange:
Average daily matched volume 164.1 128.4
Total notional value traded for the
month $94,998.4 $58,600.8
Market share percentage (for the period):
Tape A 2.4% 1.7%
Tape B 2.5% 1.2%
Tape C 2.3% 1.6%
Overall matched market share 2.4% 1.6%
*Volume and notional figures exclude odd-lots.
BATS Options:
January 2012 January 2011
Contracts Market share Contracts Market share
Average daily matched
volume 483,050 3.0% 227,327 1.3%
European Equities(1): January 2012 January 2011
(In millions, except percentage)
Combined average daily notional value EUR8,414.7 EUR9,616.1
Combined total notional value EUR185,123.2 EUR201,937.9
Non-displayed(2) average daily notional EUR460.5 EUR448.2
Market share by platform (for the period):
Overall European market share 25.9% 23.8%
STOXX Europe 50 securities 28.9% 26.9%
London market overall 34.0% 32.9%
FTSE 100 securities 37.9% 37.6%
FTSE 250 securities 27.8% 27.1%
Paris market overall 27.6% 25.2%
CAC 40 securities 29.7% 27.9%
CAC Next20 securities 26.1% 23.6%
Frankfurt market overall 26.0% 24.5%
DAX 30 securities 27.4% 26.7%
MDAX securities 26.5% 20.8%
Amsterdam market overall 31.2% 28.8%
AEX securities 32.0% 30.0%
Brussels market overall 25.1% 27.4%
BEL 20 securities 27.8% 28.6%
Milan market overall 14.5% 16.7%
FTSE MIB securities 15.3% 17.3%
Zurich market overall 26.7% 27.1%
SMI securities 28.3% 29.4%
SMIM securities 19.6% 10.7%
Nordic market overall 21.8% 17.9%
Helsinki OMXH25 securities 24.3% 23.8%
Stockholm OMXS30 securities 25.3% 22.9%
Copenhagen OMXC20 securities 17.9% 16.8%
Oslo OBX securities 17.4% 8.9%
Additional markets:
Dublin market overall 5.5% 1.5%
Lisbon market overall 15.4% 7.7%
Madrid market overall 3.4% 1.9%
Vienna market overall 16.8% 12.6%
(1)Figures represent consolidated figures for BATS Europe and Chi-X
Europe (lit and dark books), unless otherwise noted.
(2)BATS Europe Dark Pool and Chi-Delta dark book
About BATS Global Markets
BATS Global Markets (BATS) is a leading operator of stock and options markets around the globe. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA-authorized multilateral trading facilities. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London. For more information, visit http://www.batsglobalmarkets.com.
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