BATS Global Markets Reports October Volume; Sets Monthly U.S. Equities Market Share Record With 13%

- U.S. Options Market Share Hits 3.6%; BATS Chi-X Europe Reports 24.8% Market Share

KANSAS CITY, Missouri, and LONDON, Nov. 1, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported October U.S. equities market share of 13.0%, a new record for the company. In Europe, BATS Chi-X Europe reported market share of 24.8%, maintaining its position as the largest equity market in Europe during 2012.

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Joe Ratterman, president and chief executive, commented: "I am excited about the strong performance across all of our markets, particularly in U.S. equities where in October we surpassed 13% market share for the first time in our seven-year history. We attribute our continued market share growth to our strong market quality, price improvement metrics, and diverse membership base, which we believe are vital to a growing and healthy marketplace.

"In Europe, BATS Chi-X Europe is bringing new products and services to market participants, most recently with a new market data license covering our European trade data for use in real-time index calculations. The introduction of this new license highlights an information gap in the European markets where exchange-owned benchmarks do not yet include our price informing data. Incorporating our trade data in Europe's major benchmarks will produce a more complete picture of today's market in which significant amount of intraday trading occurs on BATS Chi-X Europe.

"We're also pleased to be expanding the accessibility of our risk management tools to our customers in the U.S. and Europe, enabling our customers to more effectively mitigate risk with a simple, secure Web interface. We also remain engaged with the industry in the U.S. and Europe on the potential development of exchange-specific or market-wide risk controls that could improve the functioning and investor confidence of our markets," he concluded.

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 runs an FSA-authorized multilateral trading facility.

October 2012 Volume and Market Share Summary

U.S. Equities – The BATS Exchanges (BZX Exchange and BYX Exchange)

• Matched Market Share: 13.0%
• Average Daily Matched Volume: 794.6 million shares

U.S. Equity Options – BATS Options

• Matched Market Share: 3.6%
• Average Daily Matched Volume: 535,288 contracts

European Equities – BATS Chi-X Europe

• Overall European Market Share: 24.8%
• Combined Total Notional Value Traded: €160.2 billion 
• Combined Average Daily Notional Value: €6.9 billion 

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

A complete breakdown of October 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.bats.com/markets

(3) 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.

(4) 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 http://www.bats.com/.