BATS Global Markets Reports May Monthly Results With Record BYX Market Share

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BATS Global Markets

06 Jun, 2012, 12:30 GMT

- BATS Wins 11.7% U.S. Equities Market Share in May, Up From 10.8% One Year Ago; Record Spanish Market Share and Sixth Straight Month As Largest European Equities Market Operator

KANSAS CITY, Missouri and LONDON, June 6, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported continued strong U.S. equities market share, which reached 11.7% in May, up from 10.8% one year ago and 11.5% in April.

(Logo: http://photos.prnewswire.com/prnh/20120109/CG31847LOGO )

The BATS BYX Exchange set another monthly U.S. equities market share record in May with 3.0%, while the BATS BZX Exchange recorded 8.7%. Monthly market share for BATS Options held steady at 3.0% for the month.

BATS Chi-X Europe capped its sixth straight month as the largest European market center by market share and notional value traded reporting 25.1% overall European market share in May, up from 22.8% one year ago on a pro forma basis and 24.6% in April. BATS Chi-X Europe continued to gain Spanish market share with 5.8% in May compared to 5.6% in April and 1.5% one year ago on a pro forma basis.

"May marked another month of market share growth for our U.S. and European equities markets with our U.S. equities market share reaching 11.7%, our fourth best month on record," said Joe Ratterman, president and chief executive officer of BATS Global Markets. "While the global economic environment remains challenging, we continue to focus on delivering outstanding market quality for all of our market participants. We also remain focused on building upon the success of our core businesses and looking for new opportunities to grow our business in the months ahead."

BATS 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 operates a FSA-authorized multilateral trading facility.

May 2012 Highlights

U.S. Equities and Options:


BATS Exchanges

 (BZX Exchange and BYX Exchange)


Matched Market Share

11.7% (vs. 11.5%% in April; 10.8% one year ago)

Average Daily Matched Volume

830.6 million shares

BATS Options


Matched Market Share

3.0% (vs. 3.1% in April; 3.5% one year ago)

Average Daily Matched Volume

501,649 contracts




  • New monthly market share record for the BATS BYX Exchange = 3.0%
  • The BATS Exchanges set a new monthly market share record in Tape A (NYSE-listed) securities, reporting 10.3% market share.
  • The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month down 1,079.57 points, or 6.8%, to close at 14,742.56.

European Equities:


BATS Chi-X Europe


Overall European Market Share

25.1% (vs. 24.6% in April; vs. 22.8% one year ago(1))

Combined Total Notional Value Traded

€184.0 billion

Combined Average Daily Notional Value

€8.0 billion

New Individual Market Records

Madrid's IBEX 35 = 5.8% (vs. 1.5% one year ago(1))




(1) All year ago figures are on a pro forma basis.

  • BATS Chi-X Europe remains the largest European equities market center by market share and value traded.
  • BATS Chi-X Europe also announced plans for a competitive pan-European market data pricing model, effective October 1, 2012, which is designed to provide a competitive alternative to address industry concerns regarding the high price of market data in Europe.

May 2012 Volume and Market Share Summary

A complete breakdown of May 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:



May 2012

May 2011

The BATS Exchanges (BZX & BYX combined)

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

      Average daily matched volume

830.6

781.9

      Total notional value traded for the month

$609,216.6

$585,304.9

   Market share percentage (for the period):



                   Tape A

10.3%

8.8%

Tape B

15.0%

15.4%

Tape C

12.5%

11.6%

                  Overall matched market share

11.7%

10.8%



Volume By Exchange:


BZX Exchange:


     Average daily matched volume

618.0

609.8

     Total notional value traded for the month

$478,562.0

$479,941.0

  Market share percentage (for the period):



                  Tape A

7.3%

6.3%

Tape B

12.2%

13.4%

Tape C

9.7%

9.2%

                  Overall matched market share

8.7%

8.5%




BYX Exchange:



     Average daily matched volume

212.6

172.1

     Total notional value traded for the month

$130,654.6

$105,363.9

  Market share percentage (for the period):



                  Tape A

3.0%

2.5%

Tape B

2.8%

2.0%

Tape C

3.1%

2.4%

                  Overall matched market share

3.0%

2.4%




BATS Options:



May 2012

May 2011


Contracts

Market share

Contracts

Market share

Average daily matched volume

501,649

3.0%

589,425

3.5%(2)









(2) Adjusted from 3.9%, which was published in May 2011 volume PR.





European Equities(3):

May 2012

May 2011


(In millions, except percentage)

Total notional value

€183,964.0

€194,732.4

Average daily notional value

€7,998.4

€8,851.5

Displayed average daily notional value

€7,593.1

€8,405.8

Non-displayed(4) average daily notional value

€405.3

€445.7




Market share by platform (for the period):



Overall European market share

25.1%

22.8%

STOXX Europe 50 securities

26.8%

25.0%




    London market overall

31.1%

32.7%

FTSE 100 securities

35.7%

37.6%

FTSE 250 securities

27.1%

26.2%




   Paris market overall

26.6%

24.0%

CAC 40 securities

28.1%

25.9%

CAC Next20 securities

26.4%

24.0%




   Frankfurt market overall

26.0%

22.8%

DAX 30 securities

27.3%

24.0%

MDAX securities

27.6%

21.5%




    Amsterdam market overall

29.6%

28.1%

AEX securities

30.5%

28.8%




    Brussels market overall

22.9%

25.3%

BEL 20 securities

24.0%

26.3%




    Milan market overall

14.1%

14.2%

FTSE MIB securities

15.1%

14.4%




    Zurich market overall

24.9%

23.2%

SMI securities

26.6%

24.6%

SMIM securities

16.6%

12.3%




    Nordic market overall

24.4%

17.5%

Helsinki OMXH25 securities

26.9%

23.5%

Stockholm OMXS30 securities

28.1%

20.5%

Copenhagen OMXC20 securities

21.0%

15.2%

Oslo OBX securities

20.1%

10.6%




    Vienna market overall

17.6%

11.6%

         ATX securities

17.9%

11.6%




    Lisbon market overall

13.8%

9.8%

         PSI-20 securities

13.9%

9.5%




    Dublin market overall

3.3%

2.5%

         ISEQ 20 securities

3.3%

2.4%




    Madrid market overall

5.8%

1.4%

         IBEX 35 securities

5.8%

1.5%




(3) Figures represent consolidated figures for BATS Europe and Chi-X Europe (lit and dark books), unless otherwise noted. All 2011 figures are on a pro forma basis.
(4) BATS Europe and Chi-X Europe 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.batsglobalmarkets.com.