Market Overview

Bats Reports Strong September Data, including 11.7% U.S. Options Market Share

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

Bats Global Markets, Inc. (Bats: BATS) today reported September data and highlights, including its second-best month on record for its U.S. options business, with 11.7% market share.

Highlights for September include:

  • Announcing a transaction agreement with CBOE Holdings under which CBOE will acquire Bats to create one of the largest market operators around the globe.
  • Remaining the #1 U.S. market operator for ETF trading, executing 24.7% of all volume during the month. In addition, Bats has won 25% of all new U.S. ETF listings year-to-date vs only 9% for full-year 2015;
  • Maintaining its position as the second-largest U.S. Equities market operator with 20.9% market share;
  • Retaining its position as the largest European stock exchange with 22.7% market share and the largest trade reporting facility with €347.5 billion reported to BXTR for the month;
  • Reporting 15.3% market share in single-leg equity options trades for the month;
  • Recording more than $112 billion of notional value per day touched by the Bats markets in September, including trades reported to BXTR.

September 2016 Volume and Market Share Overview

U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX)    

September 2016

Bats Exchanges – Overall market share     20.9%
Bats Exchanges – Average daily matched volume (shares)     1.47 billion
Overall Industry – Average daily consolidated volume (shares)     7.07 billion
U.S. Equity Options (Bats Options – BZX Options + EDGX Options)      
Bats Options – Overall market share     11.7%
Bats Options – Average daily matched volume (contracts)     1,947,236
Overall Industry – Avery daily consolidated volume (contracts)     16,655,012
Foreign Exchange (Bats Hotspot)      
Total volume traded     $621.8 billion
Average daily volume (ADV)     $28.3 billion
European Equities (Bats Europe Equities )      
Bats Europe – Overall European market share     22.7%
Bats Europe – Average daily notional value     €9.4 billion

Pan-European Consolidated Volume1 – Average daily notional value

    €41.6 billion
European Trade Reporting (BXTR)      
BXTR – Total notional value reported     €347.5 billion
BXTR – Average daily notional value reported     €15.8 billion

___________________________________________

1 Based on Bats Europe market coverage, available at batstrading.co.uk

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

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

      Sept 2016     Sept 2015
Bats Exchanges – Overall market share     20.9%     22.0%
Bats Exchanges – Average daily volume traded (shares)     1.47 billion     1.62 billion
Bats Exchanges – Average daily notional value traded     $55.7 billion     $60.3 billion
Bats Exchanges – Total notional value traded for month     $1.17 trillion     $1.27 trillion
Bats Exchanges market share – Tape A securities     19.0%     18.9%
Bats Exchanges market share – Tape B securities     24.3%     27.8%
Bats Exchanges market share – Tape C securities     21.8%     23.5%
Bats Exchanges market share in ETF trading     24.7%     28.1%

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

      Sept 2016     Sept 2015
Bats Options – Overall market share     11.7%     11.0%
BZX Options – Market share     10.7%     11.0%
EDGX Options – Market share     1.0%     N/A
Bats Options – Overall average daily volume (contracts)     1,947,236     1,823,907
BZX Options – Average daily volume     1,786,451     1,823,907
EDGX Options – Average daily volume     160,785     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     Sept 2016     Sept 2015
Total volume traded     $621.8 billion     $575.9 billion
Average daily volume (ADV)     $28.3 billion     $26.2 billion
Number of trading days     22     22
Hotspot Volume Percentage Breakdown (Timezone)            
Europe     40.5%     41.7%
Americas     45.0%     42.6%
Asia     14.5%     15.7%
Top Five Currency Pairs by Volume Percentage            
EUR/USD     22.5%     24.1%
USD/JPY     15.6%     18.5%
GBP/USD     10.6%     10.6%
AUD/USD     9.1%     9.0%
USD/CAD     8.7%     8.0%

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, 38.3% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats' systems in September.
  • A total of €305.8 million was traded in the Periodic Auctions book in September with Average Daily Volume totaling €13.9 million.
      Sept 2016     Sept 2015
Bats Europe – Overall market share     22.7%     24.8%
Bats Europe – Average daily notional value traded     €9.4 billion     €12.4 billion
Displayed average daily notional value     €8.3 billion     €11.1 billion

Non-displayed4 average daily notional value

    €1.1 billion     €1.2 billion
Bats Europe – Total notional value traded     €207.6 billion     €272.1 billion
BXTR – Total notional value reported     €347.5 billion     €355.9 billion
BXTR – Average daily notional value reported     €15.8 billion     €16.2 billion
       

BATS INDICES: September Monthly Performance for Key Bats Indices

Additional information is available on the Bats Indices website.

Bats UK 100         1.6%
Bats UK 250         0.9%
Bats UK All Companies         1.5%

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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.

EUROPE: Bats Europe Equities & Market Share

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

      Sept 2016     Sept 2015
London market overall     25.4%     27.3%
Bats UK 100     26.9%     N/A
FTSE 100 securities     26.8%     28.9%
FTSE 250 securities     27.1%     25.8%
Paris market overall     21.8%     25.7%
CAC 40 securities     22.2%     26.5%
CAC Next20 securities     26.3%     24.6%
Frankfurt market overall     23.3%     27.8%
DAX 30 securities     23.8%     28.9%
MDAX securities     28.4%     29.2%
TecDAX securities     22.9%     24.5%
Amsterdam market overall     23.4%     24.1%
AEX securities     23.9%     24.6%
AMX securities     19.5%     20.6%
Brussels market overall     23.0%     26.6%
BEL 20 securities     20.7%     25.7%
Milan market overall     12.5%     15.0%
FTSE MIB securities     14.0%     15.7%
Zurich market overall     20.9%     23.6%
SMI securities     22.3%     25.5%
SMIM securities     22.3%     22.1%
Nordic market overall     25.0%     22.8%
Helsinki OMXH25 securities     27.0%     27.5%
Stockholm OMXS30 securities     26.7%     24.8%
Copenhagen OMXC20 securities     25.1%     22.9%
Oslo OBX securities     22.4%     20.1%
Vienna market overall     14.6%     17.3%
ATX securities     14.9%     17.7%
Lisbon market overall     22.6%     17.3%
PSI-20 securities     22.7%     17.4%
Dublin market overall     15.5%     9.7%
ISEQ 20 securities     15.5%     9.7%
Madrid market overall     24.7%     23.4%
IBEX 35 securities     25.6%     24.2%
Key Indices            
EUROSTOXX 50 securities     21.5%     25.4%
FTSE RIOB     6.6%     11.0%
       

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."

Bats Global Markets, Inc.
MEDIA
Hannah Randall
New York
+1-646-856-8809
or
Stacie Fleming
London
+44-20-7012-8950
or
Randy Williams
New York
+1-212-378-8522
comms@bats.com
or
INVESTORS
Mark Marriott
Kansas City
+1-913-815-7132
ir@bats.com

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