BATS Global Markets Posts U.S. Equities Market Share Of 12.4%; CXE Dark Book Is Largest MTF Dark Book In Europe
-- U.S. Options Market Share at 3.5%
KANSAS CITY, Missouri and LONDON, Oct. 1, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported September U.S. equities market share of 12.4%, the second-best monthly market share performance in the company's seven-year history.
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"September's U.S. equities market share was our third straight month exceeding 12% as we continue to show exceptional strength at our flagship business despite lower market volumes overall," said President and Chief Executive Joe Ratterman. "In Europe, we set another monthly record in Copenhagen's OMXC20 Index and our CXE dark order book was the largest MTF dark book in Europe for the first time since the creation of BATS Chi-X Europe."
The CXE dark order book recorded €292.8 million average daily notional value traded, while the BXE dark order book ranked third with €169.2 million. BATS Chi-X Europe reported 22.8% monthly market share overall and set a monthly record in Copenhagen's OMXC20 (22.4%). Monthly market share exceeded 25% in the UK, German, Dutch and Swedish markets, among others.
In the U.S., BATS Options recorded matched market share of 3.5%, compared with 3.7% in August.
BATS Global Markets operates two stock exchanges in the U.S. -- the BATS BZX Exchange and BATS BYX Exchange (the BATS Exchanges); BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which runs an FSA-authorized multilateral trading facility.
September 2012 Highlights
U.S. Equities and Options:
BATS Exchanges (BZX Exchange and BYX Exchange) | ||
Matched Market Share | 12.4% (vs. 12.8% in August; 12.0% one year ago) | |
Average Daily Matched Volume | 806.5 million shares | |
BATS Options | ||
Matched Market Share | 3.5% (vs. 3.7% in August; 3.8% one year ago) | |
Average Daily Matched Volume | 594,069 contracts | |
- BATS U.S. cash equities market share of 12.4%, the 3rd consecutive month of market share above 12%.
- The BATS Exchanges posted the second best month on record for Tape A (NYSE-listed) securities, capturing 11.7% market share.
- BATS Options reported its highest average daily matched volume of 2012.
- The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 345.73 points, or 2.2%, to close at 16,086.42
European Equities:
BATS Chi-X Europe | ||
Overall European Market Share | 22.8% (vs. 23.8% in August; vs. 25.3% one year ago(1)) | |
Combined Total Notional Value Traded | €148.0 billion | |
Combined Average Daily Notional Value | €7.4 billion | |
New Individual Market Records | OMXC = 22.4% (vs. 22.3% in August; 16.6% one year ago(1)) | |
(1) All 2011 figures are on a pro forma basis. | ||
- BATS Chi-X Europe's CXE dark order book was Europe's largest MTF dark book in September, while the BXE dark order book was the third largest in the region.
- Monthly market share exceeded 25% in the UK, German, Dutch and Swedish markets, among others.
September 2012 Volume and Market Share Summary
A complete breakdown of September 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: | |||
September 2012 | September 2011 | ||
The BATS Exchanges (BZX & BYX combined) | (In millions, except percentages; volume and notional figures exclude odd-lots) | ||
Average daily matched volume | 806.5 | 1,021.1 | |
Total notional value traded for the month | $505,628.5 | $738,698.3 | |
Market share percentage (for the period): | |||
Tape A | 11.7% | 9.9% | |
Tape B | 13.9% | 16.1% | |
Tape C | 12.9% | 13.1% | |
Overall matched market share | 12.4% | 12.0% | |
Volume By Exchange: | |||
BZX Exchange: | |||
Average daily matched volume | 585.2 | 823.0 | |
Total notional value traded for the month | $383,698.7 | $618,336.1 | |
Market share percentage (for the period): | |||
Tape A | 8.1% | 7.6% | |
Tape B | 11.0% | 13.9% | |
Tape C | 9.7% | 10.8% | |
Overall matched market share | 9.0% | 9.7% | |
BYX Exchange: | |||
Average daily matched volume | 221.3 | 198.1 | |
Total notional value traded for the month | $121,929.8 | $120,362.2 | |
Market share percentage (for the period): | |||
Tape A | 3.6% | 2.4% | |
Tape B | 2.9% | 2.3% | |
Tape C | 3.2% | 2.3% | |
Overall matched market share | 3.4% | 2.3% | |
BATS Options: | ||||||
September 2012 | September 2011 | |||||
Contracts | Market share | Contracts | Market share | |||
Average daily matched volume | 594,069 | 3.5% | 697,714 | 3.8% | ||
European Equities(2): | September 2012 | September 2011 | |
(In millions, except percentage) | |||
Total notional value | €147,972.2 | €223,221.3 | |
Average daily notional value | €7,398.7 | €10,064.3 | |
Displayed average daily notional value | €6,936.7 | €9,677.4 | |
Non-displayed(3) average daily notional value | €462.0 | €386.9 | |
Market share by platform (for the period): | |||
Overall European market share | 22.8% | 25.3% | |
STOXX Europe 50 securities | 24.3% | 27.7% | |
London market overall | 26.6% | 34.0% | |
FTSE 100 securities | 30.3% | 39.3% | |
FTSE 250 securities | 24.9% | 29.1% | |
Paris market overall | 23.2% | 25.5% | |
CAC 40 securities | 24.4% | 27.6% | |
CAC Next20 securities | 23.2% | 25.6% | |
Frankfurt market overall | 25.2% | 25.8% | |
DAX 30 securities | 26.0% | 27.8% | |
MDAX securities | 27.6% | 25.4% | |
Amsterdam market overall | 25.5% | 32.0% | |
AEX securities | 25.9% | 32.9% | |
AMX securities | 20.1% | 18.3% | |
Brussels market overall | 21.8% | 25.8% | |
BEL 20 securities | 22.0% | 27.7% | |
Milan market overall | 11.3% | 14.3% | |
FTSE MIB securities | 12.0% | 14.7% | |
Zurich market overall | 23.9% | 24.4% | |
SMI securities | 25.6% | 25.9% | |
SMIM securities | 16.2% | 14.6% | |
Nordic market overall | 24.1% | 20.7% | |
Helsinki OMXH25 securities | 23.8% | 25.0% | |
Stockholm OMXS30 securities | 27.6% | 24.7% | |
Copenhagen OMXC20 securities | 22.4% | 16.6% | |
Oslo OBX securities | 19.4% | 15.7% | |
Vienna market overall | 16.3% | 10.9% | |
ATX securities | 16.6% | 11.0% | |
Lisbon market overall | 13.7% | 17.6% | |
PSI-20 securities | 13.9% | 17.7% | |
Dublin market overall | 5.8% | 2.4% | |
ISEQ 20 securities | 5.8% | 2.4% | |
Madrid market overall | 3.1% | 1.8% | |
IBEX 35 securities | 3.2% | 1.9% | |
(2) Figures represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted. All 2011 figures are on a pro forma basis. | |||
(3) BXE and CXE non-displayed order books. | |||
About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. 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 Chi-X Europe, which operates a FSA-authorized multilateral trading facility. 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 www.bats.com.
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