Kansas City, MO, New York, NY, London, UK - BATS Global Markets (BATS) today reported August data and highlights including record market share in both its U.S. equities and U.S. options businesses.
In U.S. equities, BATS reported market share of 22.0% in August, surpassing the previous record of 21.4% set in October 2014, and increasing from 21.0% in July. Average daily matched volume on the BATS Exchanges was 1.74 billion shares, up from 1.07 billion shares one year ago. BATS also remained the #1 U.S. market for exchange-traded fund (ETF) trading in August, executing 27.0% of all ETF volume.
In U.S. options, BATS reported market share of 10.9% in August, surpassing the previous record of 10.8% set in July 2015. In August, BATS was also the market leader in single-leg equity option trades with 17.3% market share, up from 16.9% in July when BATS was also the market leader1. BATS set a one-day record of 4.5 million contracts traded on August 21 and a one-day market share record of 12.4% on August 28.
In Europe, BATS Chi-X Europe recorded its second-best market share month in 2015 at 25.0%. On August 24, the exchange registered a new record in notional value traded of €28.3 billion and BXTR, the company’s trade reporting facility, remained #1 in Europe, with €341.5 billion reported, an average of €16.3 billion per trading day.
Hotspot, BATS’ institutional spot foreign exchange market, posted average daily volume of $28.3 billion in August vs. $28.9 billion one year ago. Total volume traded on Hotspot in August was $594.3 billion (21 trading days) vs. $606.9 billion one year ago (21 trading days).
In all, the BATS markets executed $129.3 billion of notional volume per day in August
U.S. Equities and Options – Highlights, Volume and Market Share Statistics
- On August 10, BATS received SEC approval for its second U.S. options market, EDGX Options, which it is on schedule to launch on November 2, 2015.
- During August, the BZX Exchange ranked 1st or 2nd in quality of trading in 62% 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 64 of the top 100 exchange-traded products in August.
- The five most actively-traded options classes on BZX Options during August were the Standard & Poor’s Depositary Receipt ETF Trust (SPY), Apple Inc. (AAPL), PowerShares QQQ Trust, Series 1 ETF (QQQ), iShares Russell 2000 Index ETF (IWM), and Facebook Inc. (FB).
About BATS Global Markets, Inc.
BATS Global Markets, Inc., a leading global operator of exchanges and services for financial markets, is committed to Making Markets Better for traders, investors and issuers. In Europe, BATS operates the largest pan-European equities exchange, offering trading and listing services across 15 major European markets, as well as BXTR, the continent’s largest trade reporting facility. In the U.S., BATS operates four stock exchanges – BZX, BYX, EDGX and EDGA – and regularly ranks as the top market for ETF and retail-driven liquidity. The company is a listing venue for ETFs and other structured products, also operates a U.S. equity options market, BATS BZX Options, and is launching BATS EDGX Options later in 2015. Globally, BATS serves the foreign exchange (FX) market, the world’s largest asset class, with Hotspot, a leading institutional spot foreign exchange market. With its world-class technology and relentless customer focus, BATS strives to bring efficiency, transparency and fairness to market participants. The company is headquartered in Kansas City with offices in New York, London, Chicago and Singapore. Further information on BATS can be found at www.batstrading.com.