BATS Global Markets Reports One of the Best U.S. Equities Months in Seven-Year History

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BATS Global Markets

02 May, 2012, 11:50 GMT

- Strong European Market Share, Spanish Market Share Gains Continue Following Successful Chi-X Europe Technology Transition; BATS Options Reports 3.1% Market Share, Up From 2.4% One Month Ago

KANSAS CITY, Missouri and LONDON, May 2, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported one of its strongest months on record for U.S. equities market share, which reached 11.5% in April, up from 10.6% one year ago and 10.9% in March while BATS Options market share grew to 3.1%.

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Additionally, BATS Chi-X Europe, which successfully completed the migration of the Chi-X Europe order books to the BATS technology platform on April 30, recorded strong overall market share of 24.6% and record market share of 5.6% in Madrid's IBEX 35, up from 1.5% a year ago. BATS Chi-X Europe also reached a one-day market share record of 10.2% in IBEX 35 securities on April 17.

"We had fantastic performance in April across all of our markets highlighted by the successful technology transition in Europe. The migration of the Chi-X Europe order books to the BATS technology platform was a huge milestone for the company and we are also very excited about the positive results we are seeing in the Spanish market," said Joe Ratterman, president and chief executive officer of BATS Global Markets. "In the U.S., we recorded one of our top five months on record in U.S. equities with 11.5% market share while our options market share picked up significantly over the past month. In addition, we successfully launched seven new exchange-traded funds on BATS Exchange in April. All around, it was a very solid month for the company."

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.

April 2012 Highlights

U.S. Equities and Options:

BATS Exchanges

 (BZX Exchange and BYX Exchange)

Matched Market Share

11.5% (vs. 10.9% in March; 10.6% one year ago)

Average Daily Matched Volume

746.7 million shares

BATS Options

Matched Market Share

3.1% (vs. 2.4% in March; 3.1% one year ago)

Average Daily Matched Volume

488,878 contracts

  • New monthly market share record for the BATS BYX Exchange = 2.8%
  • Launched seven new exchange traded funds (ETFs) on the BATS Exchange in April, bringing the total number of ETFs now listed on BATS Exchange to 16.
  • The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month down 44.83 points, or 0.3%, to close at 15,822.13.

European Equities:

BATS Chi-X Europe

Overall European Market Share

24.6% (vs. 23.2% one year ago(1))

Combined Total Notional Value Traded

€173.5 billion (vs. €161.3 billion one year ago(1))

Combined Average Daily Notional Value

€9.1 billion (vs. €8.5 billion one year ago(1))

New Individual Market Records

Madrid's IBEX 35 = 5.6% (vs. 1.5% one year ago(1)) and record 10.2% on April 17.

(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 successfully completed the transition of the Chi-X Europe order books to the BATS technology platform with April 30 marking the first day of trading on the new platform.

April 2012 Volume and Market Share Summary

A complete breakdown of April 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:

April 2012

April 2011

The BATS Exchanges (BZX & BYX combined)

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

Average daily matched volume

746.7

747.8

      Total notional value traded for the month

$519,465.7

$515,281.7

   Market share percentage (for the period):

Tape A

10.0%

9.0%

Tape B

15.0%

15.1%

Tape C

12.3%

11.2%

Overall matched market share

11.5%

10.6%


Volume By Exchange:

BZX Exchange:

     Average daily matched volume

563.5

585.2

     Total notional value traded for the month

$414,755.5

$424,276.1

  Market share percentage (for the period):

Tape A

7.2%

6.5%

Tape B

12.1%

13.3%

Tape C

9.5%

9.0%

Overall matched market share

8.6%

8.3%



BYX Exchange:

     Average daily matched volume

183.2

162.6

     Total notional value traded for the month

$104,710.2

$91,005.6

  Market share percentage (for the period):

Tape A

2.8%

2.5%

Tape B

2.9%

1.8%

Tape C

2.8%

2.2%

Overall matched market share

2.8%

2.3%



BATS Options:

April 2012

April 2011

Contracts

Market share

Contracts

Market share

Average daily matched volume

488,878

3.1%

504,062

3.1%(2)






(2) Adjusted from 3.4%, which was published in April 2011 volume PR.

European Equities(3)

April 2012

April 2011

(In millions, except percentage)

Total notional value

€173,512.0

€161,284.6

Average daily notional value

€9,132.2

€8,488.7

Displayed average daily notional value

€8,669.5

€8,001.5

Non-displayed(4) average daily notional value

€462.7

€487.2



Market share by platform (for the period):

Overall European market share

24.6%

23.2%

STOXX Europe 50 securities

27.1%

26.1%



    London market overall

30.4%

32.6%

FTSE 100 securities

34.5%

38.2%

FTSE 250 securities

27.0%

27.8%



   Paris market overall

25.6%

24.5%

CAC 40 securities

27.0%

26.6%

CAC Next20 securities

25.9%

25.6%



   Frankfurt market overall

24.9%

24.1%

DAX 30 securities

26.2%

26.5%

MDAX securities

26.3%

23.1%



    Amsterdam market overall

29.6%

28.9%

AEX securities

30.3%

30.1%



    Brussels market overall

23.3%

26.4%

BEL 20 securities

25.1%

27.5%



    Milan market overall

14.8%

13.6%

FTSE MIB securities

15.8%

14.4%



    Zurich market overall

25.6%

26.1%

SMI securities

27.3%

27.9%

SMIM securities

17.5%

14.8%



    Nordic market overall

24.0%

17.5%

Helsinki OMXH25 securities

26.4%

22.9%

Stockholm OMXS30 securities

26.9%

20.8%

Copenhagen OMXC20 securities

20.2%

16.0%

Oslo OBX securities

19.6%

9.8%



    Vienna market overall

14.3%

12.9%

         ATX securities

14.5%

13.2%



    Lisbon market overall

15.5%

9.1%

         PSI-20 securities

15.5%

9.1%



    Dublin market overall

4.1%

2.4%

         ISEQ 20 securities

4.1%

2.4%



    Madrid market overall

5.6%

1.5%

         IBEX 35 securities

5.6%

1.5%

(3) Figures represent consolidated figures for BATS Europe and Chi-X Europe (lit and dark books), unless otherwise noted.

(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 an 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.