08.11.2016

Bats Reports Strong Market Share Across All Markets in July

08.11.2016

BUSINESS WIRE – KANSAS CITY, Mo. & NEW YORK & LONDON-Bats Global Markets, Inc. (Bats: BATS), a leading global exchange operator and provider of market data and other financial markets services, today reported July data and highlights, including strong market share across all of its markets for the month.

Highlights for July include:

  • Remaining the #1 U.S. market operator for ETF trading, executing 23.8% of all volume during the month, and winning 28% of all U.S. ETF listings so far this year;
  • Welcoming three new issuers to the Bats ETF Marketplace – Legg Mason, ARK Investment Management, and Cambria – bringing the total number of issuers to 15 listing a total of 98 ETFs;
  • Receiving SEC approval of its filing to adopt generic listings standards for actively managed ETFs;
  • Maintaining market leadership in single-leg equity options trades with 17.0% market share;
  • Maintaining its position as the second-largest U.S. Equities market operator with 20.4% market share;
  • Unveiling the Community Policing Program for its U.S. Equities and Options exchanges;
  • Retaining its position as the largest European stock exchange with 23.1% market share and the largest trade reporting facility with €345.9 billion reported to BXTR for the month;
  • Recording average daily volume of $26.2 billion for Hotspot, the company’s institutional spot foreign exchange market;
  • Recording more than $104 billion of notional value per day touched by the Bats markets in July, including trades reported to BXTR.

July 2016 Volume and Market Share Overview

U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX) July 2016
Bats Exchanges – Overall market share 20.4%
Bats Exchanges – Average daily matched volume (shares) 1.35 billion
Overall Industry – Average daily consolidated volume (shares) 6.62 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) 1,616,116

Overall Industry – Average daily consolidated volume (contracts)

15,109,812
Foreign Exchange (Hotspot)
Total volume traded $551.0 billion
Average daily volume (ADV) $26.2 billion
European Equities (Bats Europe Equities )
Bats Europe – Overall European market share 23.1%
Bats Europe – Average daily notional value €10.1 billion

Pan-European Consolidated Volume1 – Average daily notional value

€43.7 billion
European Trade Reporting (BXTR)
BXTR – Total notional value reported €345.9 billion
BXTR – Average daily notional value reported €16.5 billion

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

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

  • During July, the BZX Exchange ranked 1st or 2nd in quality of trading in 50% 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 59% of the top 100 exchange-traded products in July.
July 2016 July 2015
Bats Exchanges – Overall market share 20.4% 21.0%
Bats Exchanges – Average daily volume traded (shares) 1.35 billion 1.41 billion
Bats Exchanges – Average daily notional value traded $48.3 billion $55.5 billion
Bats Exchanges – Total notional value traded for month $964.9 billion $1.22 trillion
Bats Exchanges market share – Tape A securities 18.6% 18.5%
Bats Exchanges market share – Tape B securities 23.5% 26.0%
Bats Exchanges market share – Tape C securities 21.6% 22.0%
Bats Exchanges market share in ETF trading 23.8% 25.9%

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

July 2016 July 2015
Bats Options – Overall market share 10.7% 10.8%
BZX Options – Market share 9.9% 10.8%
EDGX Options – Market share 0.8% N/A
Bats Options – Overall average daily volume (contracts) 1,616,116 1,829,651
BZX Options – Average daily volume 1,500,628 1,829,651
EDGX Options – Average daily volume 115,488 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 July 2016 July 2015
Total volume traded $551.0 billion $540.7 billion
Average daily volume (ADV) $26.2 billion $23.5 billion
Number of trading days 21 23
Hotspot Volume Percentage Breakdown
Europe 40.8% 44.5%
Americas 40.4% 41.7%
Asia 18.8% 13.8%
Top Five Currency Pairs by Volume Percentage
EUR/USD 23.4% 24.8%
USD/JPY 18.3% 14.8%
GBP/USD 12.7% 10.6%
AUD/USD 7.8% 9.2%
USD/CAD 7.5% 8.3%

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, 38.5% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats’ systems in July.
July 2016 July 2015
Bats Europe – Overall market share 23.1% 23.4%
Bats Europe – Average daily notional value traded €10.1 billion €12.2 billion
Displayed average daily notional value €9.0 billion €9.9 billion

Non-displayed4 average daily notional value

€1.1 billion €1.2 billion
Bats Europe – Total notional value traded €212.0 billion €256.4 billion
BXTR – Total notional value reported €345.9 billion €401.1 billion
BXTR – Average daily notional value reported €16.5 billion €17.4 billion

BATS INDICES: July Monthly Performance for Key Bats Indices

Additional information is available on the Bats Indices website.

Bats UK 100 3.9%
Bats UK 250 6.7%
Bats UK All Companies 4.4%

EUROPE: Bats Europe Equities & Market Share

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

July 2016 July 2015
London market overall 26.1% 22.8%
Bats UK 100 28.0% N/A
FTSE 100 securities 27.7% 23.8%
FTSE 250 securities 24.5% 23.9%
Paris market overall 22.7% 26.5%
CAC 40 securities 23.0% 27.1%
CAC Next20 securities 26.0% 27.6%
Frankfurt market overall 24.3% 27.1%
DAX 30 securities 25.0% 28.4%
MDAX securities 28.6% 29.8%
TecDAX securities 22.6% 24.1%
Amsterdam market overall 22.9% 24.4%
AEX securities 23.4% 25.0%
AMX securities 19.3% 20.6%
Brussels market overall 23.8% 23.8%
BEL 20 securities 22.2% 24.0%
Milan market overall 11.4% 15.9%
FTSE MIB securities 12.7% 16.9%
Zurich market overall 22.1% 21.1%
SMI securities 24.0% 22.7%
SMIM securities 21.0% 22.0%
Nordic market overall 24.2% 24.0%
Helsinki OMXH25 securities 26.8% 30.2%
Stockholm OMXS30 securities 25.9% 25.4%
Copenhagen OMXC20 securities 21.9% 21.2%
Oslo OBX securities 22.8% 21.3%
Vienna market overall 17.1% 18.3%
ATX securities 17.5% 18.9%
Lisbon market overall 19.7% 17.1%
PSI-20 securities 19.8% 17.2%
Dublin market overall 16.1% 15.1%
ISEQ 20 securities 16.1% 15.1%
Madrid market overall 23.5% 20.9%
IBEX 35 securities 24.4% 21.9%
Key Indices
EUROSTOXX 50 securities 21.5% 25.0%
FTSE RIOB 7.5% 8.0%

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. Visitbats.com and @BatsGlobal for more information.

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