Market Overview

Bats Reports Strong Market Share Across All Markets in August

Share:
KANSAS CITY, Mo. & NEW YORK & LONDON--(BUSINESS WIRE)--

Bats Global Markets, Inc. (Bats: BATS), a leading global exchange operator and provider of market data and other financial markets services, today reported August data and highlights, including strong market share across all of its markets for the month.

Highlights for August include:

  • Maintaining its position as the second-largest U.S. Equities market operator with 21.1% market share;
  • Retaining its position as the largest European stock exchange with 23.4% market share and the largest trade reporting facility with €307.8 billion reported to BXTR for the month;
  • Remaining the #1 U.S. market operator for ETF trading, executing 24.1% of all volume during the month. In addition, Bats has won 26% of all new U.S. ETF listings year-to-date vs only 9% for full-year 2015;
  • Unveiling plans to launch Bats LIS, powered by BIDS Trading, a new block trading service for the European equity market;
  • Announcing plans to acquire Javelin Swap Execution Facility, accelerating Bats' plans to offer the trading of non-deliverable forwards for the FX market;
  • Announcing plans to launch the Bats Auction Mechanism (BAM), new functionality that provides price improvement opportunities for orders sent to EDGX Options;
  • Working with Nasdaq and NYSE to strengthen U.S. equity markets through the harmonization of key functions;
  • Boosting ETP market incentive plan for market makers who play pivotal role throughout lifecycle of ETPs;
  • Recording more than $93 billion of notional value per day touched by the Bats markets in August, including trades reported to BXTR.

August 2016 Volume and Market Share Overview

 
U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX)       August 2016
Bats Exchanges – Overall market share       21.1%
Bats Exchanges – Average daily matched volume (shares)       1.29 billion
Overall Industry – Average daily consolidated volume (shares)       6.12 billion
U.S. Equity Options (Bats Options – BZX Options + EDGX Options)        
Bats Options – Overall market share       10.7%
Bats Options – Average daily matched volume (contracts)       1,467,487
Overall Industry – Avery daily consolidated volume (contracts)       13,772,381
Foreign Exchange (Bats Hotspot)        
Total volume traded       $520.5 billion
Average daily volume (ADV)       $22.6 billion
European Equities (Bats Europe Equities )              
Bats Europe – Overall European market share             23.4%
Bats Europe – Average daily notional value             €8.1 billion

Pan-European Consolidated Volume1 – Average daily notional value

            €34.5 billion
European Trade Reporting (BXTR)              
BXTR – Total notional value reported             €307.8 billion
BXTR – Average daily notional value reported             €13.4 billion
           

Highlights for the month of August are outlined below by business line.

U.S. EQUITIES: Bats Exchanges (BYX, BZX, EDGA, EDGX) Volume & Market Share

  • During August, the BZX Exchange ranked 1st or 2nd in quality of trading in 44.6% of the stocks in the S&P 500® Index, as measured by effective spread, according to the Bats market quality statistics.
  • Combined, the Bats Exchanges had the lowest effective spread in 43% of the top 100 exchange-traded products in August.
           
      August 2016   August 2015
Bats Exchanges – Overall market share     21.1%   22.0%
Bats Exchanges – Average daily volume traded (shares)     1.29 billion   1.74 billion
Bats Exchanges – Average daily notional value traded     $46.3 billion   $67.9 billion
Bats Exchanges – Total notional value traded for month     $1.06 trillion   $1.43 trillion
Bats Exchanges market share – Tape A securities     19.6%   19.2%
Bats Exchanges market share – Tape B securities     23.9%   26.9%
Bats Exchanges market share – Tape C securities     22.0%   23.3%
Bats Exchanges market share in ETF trading     24.1%   27.1%
     

For additional U.S. equities market volume information: Bats U.S. Equities Market Volume Summary

U.S. OPTIONS: Bats Options (BZX Options + EDGX Options) Volume & Market Share

 
      August 2016   August 2015
Bats Options – Overall market share     10.7%   10.9%
BZX Options – Market share     9.7%   10.9%
EDGX Options – Market share     0.9%   N/A
Bats Options – Overall average daily volume (contracts)     1,467,487   2,178,052
BZX Options – Average daily volume     1,341,880   2,178,052
EDGX Options – Average daily volume     125,607   N/A
     

For additional U.S. Options market volume information: Bats U.S. Options Market Volume Summary

FOREIGN EXCHANGE: Hotspot Highlights, Volume & Market Share Statistics2

           
Hotspot Market Statistics     August 2016   August 2015
Total volume traded     $520.5 billion   $594.3 billion
Average daily volume (ADV)     $22.6 billion   $28.3 billion
Number of trading days     23   21
Hotspot Volume Percentage Breakdown          
Europe     41.8%   41.0%
Americas     41.9%   43.5%
Asia     16.2%   15.5%
Top Five Currency Pairs by Volume Percentage          
EUR/USD     23.6%   24.3%
USD/JPY     14.1%   17.8%
GBP/USD     11.1%   11.8%
AUD/USD     10.0%   9.3%
USD/CAD     8.5%   8.1%
     

Hotspot daily, monthly, and quarterly volumes are posted on the Hotspot website.

EUROPEAN EQUITIES: Bats Europe + BXTR Volume & Market Share3

  • According to Bats statistics on market size, 39.0% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats' systems in August.
  • A total of €93 million was traded in the Periodic Auctions book in August, including hundreds of trades in excess of €50,000, as well as some trades in excess of €100,000.
           
      August 2016   August 2015
Bats Europe – Overall market share     23.4%   25.0%
Bats Europe – Average daily notional value traded     €8.05 billion   €12.9 billion
Displayed average daily notional value     €7.2 billion   €11.7 billion

Non-displayed4 average daily notional value

    €840.8 million   €1.2 billion
Bats Europe – Total notional value traded     €185.2 billion   €271.5 billion
BXTR – Total notional value reported     €307.8 billion   €341.0 billion
BXTR – Average daily notional value reported     €13.4 billion   €16.2 billion
     

BATS INDICES: August Monthly Performance for Key Bats Indices

Additional information is available on the Bats Indices website.

Bats UK 100               0.9%
Bats UK 250               2.9%
Bats UK All Companies               1.2%
 

EUROPE: Bats Europe Equities & Market Share

For additional European Equities market volume information: Bats Europe Market Volume Summary

           
      August 2016   August 2015
London market overall     26.1%   25.5%
Bats UK 100     27.8%   N/A
FTSE 100 securities     27.7%   27.0%
FTSE 250 securities     27.4%   24.1%
Paris market overall     23.0%   26.5%
CAC 40 securities     23.3%   27.1%
CAC Next20 securities     26.7%   27.6%
Frankfurt market overall     24.7%   29.1%
DAX 30 securities     25.4%   30.8%
MDAX securities     28.0%   31.8%
TecDAX securities     22.4%   24.6%
Amsterdam market overall     23.4%   25.4%
AEX securities     23.8%   26.2%
AMX securities     20.0%   20.1%
Brussels market overall     23.6%   26.1%
BEL 20 securities     21.7%   25.4%
Milan market overall     12.6%   16.1%
FTSE MIB securities     14.0%   17.3%
Zurich market overall     22.2%   23.5%
SMI securities     24.0%   25.9%
SMIM securities     22.6%   21.6%
Nordic market overall     24.3%   22.5%
Helsinki OMXH25 securities     27.7%   28.3%
Stockholm OMXS30 securities     26.0%   24.3%
Copenhagen OMXC20 securities     23.5%   22.4%
Oslo OBX securities     22.3%   19.1%
Vienna market overall     15.4%   17.3%
ATX securities     15.6%   18.0%
Lisbon market overall     21.4%   18.1%
PSI-20 securities     21.5%   18.2%
Dublin market overall     19.2%   13.7%
ISEQ 20 securities     19.2%   13.8%
Madrid market overall     23.7%   23.6%
IBEX 35 securities     24.6%   24.4%
Key Indices          
EUROSTOXX 50 securities     21.8%   26.8%
FTSE RIOB     6.9%   11.2%
     

About Bats Global Markets, Inc.

Bats Global Markets, Inc., is a leading global operator of exchanges and services for financial markets, dedicated to Making Markets Better. We are the second-largest stock exchange operator in the U.S., operate the largest stock exchange and trade reporting facility in Europe, and are the #1 market globally for ETF trading. We also operate two fast-growing U.S. options exchanges. In the global foreign exchange market, we operate Hotspot. ETF.com, a leading provider of ETF news, data and analysis, is a wholly-owned subsidiary. The company is headquartered in Kansas City with offices in New York, London, Chicago, San Francisco, Singapore and Quito, Ecuador. Visit bats.com and @BatsGlobal for more information.

Forward Looking Statements

This press release includes certain disclosures which contain "forward-looking statements." You can identify forward-looking statements because they contain words such as "believes" and "expects." Forward-looking statements are based on Bats' current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our filings with the SEC, including our final prospectus filed pursuant to Rule 424(b) and our quarterly reports on Form 10-Q, under the caption "Risk Factors."

______________________________
1 Based on Bats Europe market coverage, available at batstrading.co.uk
2 Hotspot volumes represent the notional value in U.S. dollars of all trades executed on the platform, counting one side of the transaction. Hotspot Volume Percentage Breakdown is based on the times at which the trades were executed, based on EST (i.e. EST: Asia: 5pm-2am, Europe: 2am-9am, US: 9am-5pm).
3 Represent consolidated figures for BXE and CXE lit and dark books, unless otherwise noted.
4 BXE and CXE non-displayed order books.



Bats Global Markets, Inc.
Media:
Hannah Randall, +1-646-856-8809
New York
or
Stacie Fleming, +44.20.7012.8950
London
or
Randy Williams, +1-212-378-8522
New York
comms@bats.com
or
Investors:
Mark Marriott, +1-913-815-7132
Kansas City
ir@bats.com
















View Comments and Join the Discussion!