Market Overview

Bats Reports New Record in U.S. Options Trading in October

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

Bats Global Markets, Inc. (Bats: BATS) today reported October data and highlights, including a new record month for U.S. options trading at 11.8% and strong single-leg equity options market share at 18.2%.

During the month, Bats also announced the successful migration of BZX Options to Bats' next generation matching engine. Both Bats' options markets now operate on the latest proprietary technology.

Further highlights for October include:

  • Remaining the #1 U.S. market operator for ETF trading, executing 23.7% 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 20.3% market share;
  • Retaining its position as the largest European stock exchange with 23.5% market share and the largest trade reporting facility with €355.7 billion reported to BXTR for the month;
  • Recording more than $103.3 billion of notional value per day touched by the Bats markets in October, including trades reported to BXTR.

October 2016 Volume and Market Share Overview

         
U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX)       October 2016
Bats Exchanges – Overall market share       20.3%
Bats Exchanges – Average daily matched volume (shares)       1.29 billion
Overall Industry – Average daily consolidated volume (shares)       6.37 billion
U.S. Equity Options (Bats Options – BZX Options + EDGX Options)        
Bats Options – Overall market share       11.8%
Bats Options – Average daily matched volume (contracts)       1,706,207
Overall Industry – Average daily consolidated volume (contracts)       14,410,504
Foreign Exchange (Bats Hotspot)        
Total volume traded       $531.2 billion
Average daily volume (ADV)       $25.3 billion

European Equities (Bats Europe Equities)

       
Bats Europe – Overall European market share       23.5%

Bats Europe – Average daily notional value

      €10.1 billion

Pan-European Consolidated Volume 1 – Average daily notional value

      €42.8 billion
European Trade Reporting (BXTR)        
BXTR – Total notional value reported       €355.7 billion
BXTR – Average daily notional value reported       €16.9 billion

____________________________________________

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

Highlights for the month of October are outlined below by business line:

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

                     
        Oct 2016       Oct 2015
Bats Exchanges – Overall market share       20.3%       21.2%
Bats Exchanges – Average daily volume traded (shares)       1.29 billion       1.52 billion
Bats Exchanges – Average daily notional value traded       $48.5 billion       $58.1 billion
Bats Exchanges – Total notional value traded for month       $1.02 trillion       $1.28 trillion
Bats Exchanges market share – Tape A securities       18.7%       18.5%
Bats Exchanges market share – Tape B securities       23.3%       26.9%
Bats Exchanges market share – Tape C securities       21.5%       23.0%
Bats Exchanges market share in ETF trading       23.7%       27.2%
           

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

                     
        Oct 2016       Oct 2015
Bats Options – Overall market share       11.8 %       7.9 %
BZX Options – Market share       10.7 %       7.9 %
EDGX Options – Market share       1.1 %       N/A  
Bats Options – Overall average daily volume (contracts)       1,706,207         1,275,909  
BZX Options – Average daily volume       1,548,654         1,275,909  
EDGX Options – Average daily volume       157,553         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       Oct 2016       Oct 2015
Total volume traded       $531.2 billion       $527.0 billion
Average daily volume (ADV)       $25.3 billion       $24.0 billion
Number of trading days       21       22
Hotspot Volume Percentage Breakdown (Timezone)                
Europe       40.2%       42.1%
Americas       44.8%       43.5%
Asia       15.0%       14.4%
Top Five Currency Pairs by Volume Percentage                
EUR/USD       22.5%       27.0%
USD/JPY       15.6%       15.8%
GBP/USD       10.6%       9.8%
AUD/USD       9.1%       8.8%
USD/CAD       8.7%       8.3%

____________________________________________

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).

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, 38.2% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats' systems in October.
  • A total of €389.0 million was traded in the Periodic Auctions book in October, a 27.2% increase over September, with Average Daily Volume totaling €18.5 million.
                     
        Oct 2016       Oct 2015
Bats Europe – Overall market share       23.5%       26.0%
Bats Europe – Average daily notional value traded       €10.1 billion       €12.8 billion
Displayed average daily notional value       €8.8 billion       €11.5 billion

Non-displayed4 average daily notional value

      €1.3 billion       €1.3 billion
Bats Europe – Total notional value traded       €211.3 billion       €281.1 billion
BXTR – Total notional value reported       €355.7 billion       €389.7 billion
BXTR – Average daily notional value reported       €16.9 billion       €17.7 billion
           

BATS INDICES: October Monthly Performance for Key Bats Indices

Additional information is available on the Bats Indices website.

     
Bats UK 100       +0.8 %
Bats UK 250       -2.4 %
Bats UK All Companies +0.3 %
 

____________________________________________

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

                     
        Oct 2016       Oct 2015
London market overall       25.3 %       26.0 %
Bats UK 100       26.8 %       N/A  
FTSE 100 securities       26.6 %       31.9 %
FTSE 250 securities       27.1 %       27.2 %
Paris market overall       23.9 %       26.1 %
CAC 40 securities       24.2 %       26.6 %
CAC Next20 securities       27.5 %       28.1 %
Frankfurt market overall       23.4 %       29.2 %
DAX 30 securities       23.8 %       30.7 %
MDAX securities       28.9 %       31.8 %
TecDAX securities       23.2 %       24.4 %
Amsterdam market overall       23.9 %       25.4 %
AEX securities       24.7 %       26.1 %
AMX securities       19.4 %       22.8 %
Brussels market overall       25.0 %       26.1 %
BEL 20 securities       23.3 %       25.9 %
Milan market overall       12.9 %       16.3 %
FTSE MIB securities       14.3 %       17.3 %
Zurich market overall       22.6 %       24.6 %
SMI securities       24.2 %       26.8 %
SMIM securities       21.8 %       21.5 %
Nordic market overall       25.4 %       24.3 %
Helsinki OMXH25 securities       28.5 %       29.6 %
Stockholm OMXS30 securities       26.4 %       26.2 %
Copenhagen OMXC20 securities       25.1 %       25.1 %
Oslo OBX securities       23.0 %       23.8 %
Vienna market overall       16.3 %       16.7 %
ATX securities       16.6 %       17.1 %
Lisbon market overall       24.8 %       16.7 %
PSI-20 securities       24.9 %       16.8 %
Dublin market overall       17.8 %       14.4 %
ISEQ 20 securities       17.8 %       14.4 %
Madrid market overall       25.5 %       23.6 %
IBEX 35 securities       26.5 %       24.7 %
Key Indices                
EUROSTOXX 50 securities       23.1 %       26.3 %
FTSE RIOB       7.1 %       12.9 %
           

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.

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

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