BATS Global Markets Reports February Volumes and Market Share
KANSAS CITY, Missouri and LONDON, March 5, 2012 /PRNewswire/ --
Achieves Record Spanish Market Share With 5.1% Of The IBEX 35 and Remains Largest European Equities Market Operator; Also Earns 10.9% U.S. Equities Market Share
BATS Global Markets (BATS), a global operator of stock and options markets, today reported it was the largest European equities market operator by overall value traded again in February and achieved record Spanish market share for the month with 5.1% of the value traded in Madrid's IBEX 35 index.
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In the U.S., BATS reported 10.9% U.S. equities matched market share compared to 10.7% a year ago and BATS Options reported 2.8% market share compared to 1.7% 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 25.3% compared to 25.9% in January and 22.8% 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.
February 2012 highlights for each of the BATS markets are outlined below.
BATS U.S. Equities:
- BATS U.S. equities reported matched market share of 10.9% in February 2012 compared to 10.7% in the same period a year ago.
- BATS U.S. equities reported average daily matched volume of 757.5 million shares in February 2012.
BATS Options:
- BATS Options reported matched market share of 2.8% in February 2012, up from 1.7% one year ago, with average daily matched volume of 483,306 contracts.
- BATS Options' highest one-day matched contract volume for the month was 678,878 contracts, reported on Feb. 3.
BATS Chi-X Europe:
- BATS Chi-X Europe remains the largest European equities market centre with combined overall European market share of 25.3% in February compared to 22.8% a year ago on a pro forma basis.
- BATS Chi-X Europe reported combined total notional value in January of EUR 185.2 billion traded and combined average daily notional value of EUR 8.8 billion.
- The BATS Chi-X Europe dark pools earned combined average notional value traded of EUR 477.5 million for the month versus EUR 441.2 million a year ago.
Additional company news:
- BATS continued to enhance its new U.S. primary listings business, which was launched in December 2011, with two important announcements in February:
- BATS unveiled a flat pricing model for its primary listings business, including free listings for companies whose stock or exchange traded product trades more than 2 million shares per day.
- On February 9, 2012, BATS launched its Competitive Liquidity Provider (CLP) program, which is a rewards-based program designed to incent market makers to make tighter quoted spreads with increased liquidity for each listing on BATS.
- The BATS 1000® Index ended the month up 497.78 points, or 3.0%, to close at 15,505.32. 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 January 2012, 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 January, all four of BATS' equity market centers ranked among the largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, BYX Exchange was ranked #12, Chi-X Europe was ranked #15, and BATS Europe was ranked #33. (February 2012 information for international exchanges is not yet available.)
A breakdown of February 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*:
February 2012 February 2011
The BATS Exchanges (BZX & BYX combined) (In millions, except percentages)
Average daily matched volume 757.5 837.9
Total notional value traded for the
month $522,396.1 $526,399.0
Market share percentage (for the period):
Tape A 9.4% 8.7%
Tape B 14.8% 16.2%
Tape C 11.7% 11.8%
Overall matched market share 10.9% 10.7%
Volume By Exchange:
BZX Exchange:
Average daily matched volume 587.3 692.6
Total notional value traded for the
month $420,981.3 $457,287.8
Market share percentage (for the period):
Tape A 7.0% 6.7%
Tape B 12.2% 14.8%
Tape C 9.3% 9.9%
Overall matched market share 8.5% 8.9%
BYX Exchange:
Average daily matched volume 170.2 145.3
Total notional value traded for the
month $101,414.8 $69,111.2
Market share percentage (for the period):
Tape A 2.5% 2.0%
Tape B 2.6% 1.5%
Tape C 2.3% 1.9%
Overall matched market share 2.4% 1.9%
*Volume and notional figures exclude odd-lots.
BATS Options:
February 2012 February 2011
Contracts Market share Contracts Market share
Average daily matched volume 483,306 2.8 % 306,043 1.7%**
**Adjusted from 1.9%, which was published in Feb. 2011 volume PR.
European Equities(1): February 2012 February 2011
(In millions, except percentage)
Combined average daily notional value EUR 8,821.3 EUR 9,512.9
Combined total notional value EUR 185,247.6 EUR 190,257.7
Non-displayed(2) average daily notional EUR 477.5 EUR 441.2
Market share by platform (for the period):
Overall European market share 25.3% 22.8%
STOXX Europe 50 securities 28.6% 25.8%
London market overall 31.9% 31.6%
FTSE 100 securities 36.7% 36.6%
FTSE 250 securities 26.6% 26.0%
Paris market overall 27.7% 23.5%
CAC 40 securities 29.2% 26.1%
CAC Next20 securities 27.7% 22.6%
Frankfurt market overall 26.3% 25.2%
DAX 30 securities 27.8% 27.4%
MDAX securities 27.0% 22.4%
Amsterdam market overall 30.1% 26.5%
AEX securities 30.9% 27.6%
Brussels market overall 24.9% 26.0%
BEL 20 securities 28.7% 27.8%
Milan market overall 13.5% 15.3%
FTSE MIB securities 14.4% 15.9%
Zurich market overall 24.4% 24.2%
SMI securities 25.5% 26.1%
SMIM securities 19.0% 10.5%
Nordic market overall 22.3% 18.4%
Helsinki OMXH25 securities 27.7% 24.7%
Stockholm OMXS30 securities 25.1% 22.4%
Copenhagen OMXC20 securities 18.0% 14.8%
Oslo OBX securities 18.0% 9.3%
Vienna market overall 17.8% 11.9%
ATX securities 18.0% 12.4%
Lisbon market overall 13.8% 7.2%
PSI-20 securities 14.1% 7.2%
Dublin market overall 4.2% 1.5%
ISEQ 20 securities 4.1% 1.5%
Madrid market overall 5.0% 1.6%
IBEX 35 securities 5.1% 1.6%
(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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