BATS Global Markets U.S. Options Business Reports Second-Best Market Share Month
BATS Global Markets U.S. Options Business Reports Second-Best Market Share
Month
PR Newswire
KANSAS CITY, Missouri and LONDON, Feb. 4, 2013
- U.S. Equities Market Share 11.7%, Up From 11.1% One Year Ago
KANSAS CITY, Missouri and LONDON, Feb. 4, 2013 /PRNewswire/ -- BATS Global
Markets (BATS), a leading operator of securities markets in the U.S. and
Europe, today reported the second-best month for its U.S. equity options
business with 3.9% market share in January vs. 3.0% one year ago and 3.5% in
December 2012.
(Logo: http://photos.prnewswire.com/prnh/20100701/CG29735LOGO )
BATS' U.S. equities market share came in at 11.7% in January vs. 11.1% one
year ago and 11.9% in December 2012.
BATS Chi-X Europe, the largest pan-European equities exchange by notional
value traded and market share in January, recorded overall market share of
24.1% in January compared to 23.7% in December 2012 and 25.9% a year ago.
Average daily notional value was €7.5 billion in January vs. €5.9 billion in
December 2012 and the strongest monthly turnover for BATS Chi-X Europe since
September 2012. BATS Chi-X Europe's CXE dark order book was the largest dark
order book in Europe with an average of €312.7 million traded per day in
January.
"We are pleased with another strong month of market share at BATS and, like
others in the industry, we are watching closely to see where global equity
volumes go in 2013," said Joe Ratterman, chief executive officer and president
of BATS Global Markets. "We are also encouraged by the many different industry
initiatives currently underway, including Limit-Up/Limit-Down as well as the
Consolidated Audit Trail, which will continue to enhance the integrity and
resilience of the U.S. market structure."
Overall equities industry volumes in the U.S. and Europe were up in January
2013 from December 2012, but down year-over-year. In the U.S., overall
equities volume averaged 6.4 billion shares a day in January, up from a daily
average of 6.0 billion shares in December, and down from an average 6.9
billion shares a day one year ago. In the European securities markets covered
by BATS Chi-X Europe, the overall average daily notional value traded was
€31.3 billion in January, up from a daily average of €24.9 billion in December
down from €32.5 billion one year ago.
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, the largest pan-European equity market.
January 2013 Review
* BATS Chief Operating Officer Chris Isaacson was recognized by
Institutional Investor as one of the "Trading Technology 40" for the
second time in the list's two-year history. Mr. Isaacson ranked #17 on the
list.
* BATS launched its Retail Price Improvement (RPI) program on the BATS BYX
Exchange. The program is designed to provide price improvement for retail
investors.
* In coordination with the other exchanges and market participants, the BATS
Exchanges and BATS Options began industry-wide testing on Jan. 26 for
Limit Up/Limit Down (LULD) and Market-Wide Circuit Breaker (MWCB)
functionality.
* BATS Chi-X Europe monthly market share highlights include 34.1% in
London's FTSE 100, the highest since June 2012, and 4.4% in Madrid's IBEX
35, the highest since July 2012.
* BATS Chi-X Europe's two dark order books, CXE and BXE, both grew in
January to combined average daily notional value of €552.6 million
compared to €391.2 million in December 2012 and €460.5 million one year
ago.
* CXE dark order book averaged €312.7 million traded per day in January
compared to €218.1 million in December 2012, while BXE dark order
book averaged €239.9 million traded per day in January compared to
€173.0 million the previous month.
January 2013 Volume and Market Share Summary
U.S. Equities January 2013
Overall Industry – Average Daily Consolidated
Volume 6.4 billion shares
BATS Exchanges (BZX and BYX Exchange) – Matched
Market Share 11.7%
BATS Exchanges (BZX and BYX Exchange) – Average
Daily Matched Volume 754.3 million shares
U.S. Equity Options
Overall Industry – Average Daily Consolidated
Volume 16.8 million contracts
BATS Options – Matched Market Share 3.9%
BATS Options – Average Daily Matched Volume 647,602 contracts
European Equities
Pan-European Total Consolidated Volume(1) –
Average Daily Notional Value €31.3 billion
BATS Chi-X Europe – Overall European Market Share 24.1%
BATS Chi-X Europe – Total Notional Value Traded €165.5 billion
BATS Chi-X Europe – Average Daily Notional Value €7.5 billion
(1)Based on BATS Chi-X Europe market coverage, available at
www.batstrading.co.uk
Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity
Options, European Equities
A complete breakdown of January 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
U.S. Equities (The BATS Exchanges)
January 2013 January 2012
(In millions, except percentages;
volume and notional figures exclude
The BATS Exchanges (BZX & BYX combined) odd-lots)
Average daily matched volume 754.3 766.6
Total notional value traded for the
month $535,282.2 $505,634.8
Market share percentage (for the
period):
Overall matched market share 11.7% 11.1%
Tape A 10.6% 9.5%
Tape B 14.3% 15.2%
Tape C 12.6% 12.1%
Volume By Exchange:
BZX Exchange:
Average daily matched volume 584.1 602.5
Total notional value traded for the
month $427,332.5 $410,636.4
Market share percentage (for the
period):
Overall matched market share 9.1% 8.7%
Tape A 7.8% 7.1%
Tape B 12.0% 12.8%
Tape C 10.0% 9.8%
BYX Exchange:
Average daily matched volume 170.2 164.1
Total notional value traded for the
month $107,949.7 $94,998.4
Market share percentage (for the
period):
Overall matched market share 2.6% 2.4%
Tape A 2.8% 2.4%
Tape B 2.3% 2.5%
Tape C 2.6% 2.3%
BATS 1000 Index
16,937.62 15,007.54
(a broad-based U.S. equities market
benchmark) (01/31/13 close) (01/31/12 close)
U.S. Equity Options (BATS
Options)
January 2013 January 2012
Contracts Market share Contracts Market share
Average daily matched volume 647,602 3.9% 483,050 3.0%
European Equities(2) (BATS Chi-X Europe)
January 2013 January 2012
(In millions, except percentage)
Total notional value € 165,454.8 €185,123.2
Average daily notional value € 7,520.7 €8,414.7
Displayed average daily notional value € 6,968.1 €7,954.2
Non-displayed(3) average daily notional
value € 552.6 €460.5
Overall European market share 24.1% 25.9%
European Equities(1) (continued)
Market share by market (for the period):
January 2013 January 2012
London market overall 30.4% 34.0%
FTSE 100 securities 34.1% 37.9%
FTSE 250 securities 26.8% 27.8%
Paris market overall 25.7% 27.6%
CAC 40 securities 27.9% 29.7%
CAC Next20 securities 23.2% 26.1%
Frankfurt market overall 25.2% 26.0%
DAX 30 securities 26.6% 27.4%
MDAX securities 27.6% 26.5%
Amsterdam market overall 25.8% 31.2%
AEX securities 26.7% 32.0%
AMX securities 19.5% 20.2%
Brussels market overall 24.2% 25.1%
BEL 20 securities 25.4% 27.8%
Milan market overall 13.6% 14.5%
FTSE MIB securities 14.5% 15.3%
Zurich market overall 23.4% 26.6%
SMI securities 25.4% 28.3%
SMIM securities 16.1% 19.5%
Nordic market overall 25.2% 21.8%
Helsinki OMXH25 securities 23.9% 24.3%
Stockholm OMXS30 securities 28.7% 25.3%
Copenhagen OMXC20 securities 23.0% 17.9%
Oslo OBX securities 20.9% 17.4%
Vienna market overall 15.6% 16.8%
ATX securities 15.9% 17.1%
Lisbon market overall 12.3% 15.4%
PSI-20 securities 12.4% 15.4%
Dublin market overall 4.9% 5.5%
ISEQ 20 securities 5.0% 5.5%
Madrid market overall 4.3% 3.4%
IBEX 35 securities 4.4% 3.4%
Key Indices
EUROSTOXX 50 securities 22.4% 23.2%
(2) Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe
(CXE) lit and dark books, unless otherwise noted. ( 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 .
Website: http://www.batstrading.com
Website: http://www.batstrading.co.uk
Website: http://www.bats.com
Contact: Media (U.S.), Stacie Fleming, +1-913-815-7193, comms@bats.com, or
Suzanne O'Halloran +1-212-378-8526, comms@bats.com, or Media (Europe), Kelly
Bailey, +44-207-012-8950, comms@bats.com
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