KANSAS CITY, Mo. & NEW YORK & LONDON--(BUSINESS WIRE)--Bats Global Markets (Bats) today reported March data and highlights, which include the acquisition of ETF.com and the launch of the SPYIX volatility index.
Corporate highlights for March include:
- Bats remained the #1 U.S. market operator for ETF trading, executing 25.8% of all March volume.
- Bats remained the second-largest U.S. Equities market operator with 21.0% market share.
- In U.S. Options, Bats reported 10.3% market share for March.
- Bats also retained its position as the largest stock exchange in Europe with 21.8% market share and the largest trade reporting facility with €388.6 billion reported to BXTR.
- Hotspot, Bats’ institutional spot foreign exchange market, posted average daily volume of $25.5 billion in March.
- On March 8, Bats and T3Index announced the launch of the SPYIX (“the Spikes”), an index measuring expected 30-day volatility in the most actively traded security worldwide, the SPDR S&P 500 ETF (SPY).
- Bats acquired ETF.com, a provider of ETF data, news and analysis. The transaction closed on April 1 and ETF.com is now an independent subsidiary of Bats.
- On March 14, Bats successfully operated its U.S. markets from its Kansas City-area disaster recovery site. All of the 132 employees based at Bats’ global headquarters in Kansas City either reported to the site or worked remotely.
- In all, the Bats markets executed nearly $112 billion of notional value per day in March.
March 2016 Volume and Market Share Overview
| U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX) | March 2016 | ||
| Bats Exchanges – Overall market share | 21.0% | ||
| Bats Exchanges – Average daily matched volume (shares) | 1.61 billion | ||
| Overall Industry – Average daily consolidated volume (shares) | 7.68 billion | ||
| U.S. Equity Options (Bats Options – BZX Options + EDGX Options) | |||
| Bats Options – Overall market share | 10.3% | ||
| Bats Options – Average daily matched volume (contracts) | 1,584,437 | ||
| Overall Industry – Avery daily consolidated volume (contracts) | 15,435,632 | ||
| European Equities (Bats Europe Equities ) | |||
| Bats Europe – Overall European market share | 21.8% | ||
| Bats Europe – Average daily notional value | €10.7 billion | ||
|
Pan-European Consolidated Volume 1 - Average daily notional value |
€49.0 billion | ||
|
European Trade Reporting (BXTR) |
|||
| BXTR – Total notional value reported | €388.6 billion | ||
| BXTR – Average daily notional value reported | €18.5 billion | ||
| Foreign Exchange (Hotspot) | |||
| Total volume traded (U.S. Dollar) | $586.6 billion | ||
| Average daily volume (ADV) | $25.5 billion | ||
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Highlights for the month of March are outlined below by business line.
U.S. EQUITIES: Bats Exchanges (BYX, BZX, EDGA, EDGX) Volume & Market Share
- During March, the BZX Exchange ranked 1st or 2nd in quality of trading in 46% 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 53% of the top 100 exchange-traded products in March.
| March 2016 | March 2015 | |||
| Bats Exchanges – Overall market share | 21.0% | 20.8% | ||
| Bats Exchanges – Average daily volume traded (shares) | 1.61 billion | 1.39 billion | ||
| Bats Exchanges – Average daily notional value traded | $53.1 billion | $55.1 billion | ||
| Bats Exchanges – Total notional value traded for month | $1.17 trillion | $1.21 trillion | ||
| Bats Exchanges market share – Tape A securities | 18.8% | 18.5% | ||
| Bats Exchanges market share – Tape B securities | 25.1% | 25.0% | ||
| Bats Exchanges market share – Tape C securities | 22.5% | 22.2% | ||
| Bats Exchanges market share in ETF trading | 25.8% | 25.3% | ||
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
| March 2016 | March 2015 | |||
| Bats Options – Overall market share | 10.3% | 9.4% | ||
| BZX Options – Market share | 9.4% | 9.4% | ||
| EDGX Options – Market share | 0.9% | N/A | ||
| Bats Options – Overall average daily volume (contracts) | 1,584,437 | 1,407,634 | ||
| BZX Options – Average daily volume | 1,453,143 | 1,407,634 | ||
| EDGX Options – Average daily volume | 131,294 | N/A | ||
For additional U.S. Options market volume information: Bats U.S. Options Market Volume Summary
_______________
1 Based on Bats Europe market
coverage, available at batstrading.co.uk
FOREIGN EXCHANGE: Hotspot Highlights, Volume and Market Share Statistics2
- Average daily volume traded on Hotspot’s London-area matching engine was $714 million, equating to 2.8% of overall volume available on the platform.
| Hotspot Highlights | ||||||
| Hotspot Market Statistics | March 2016 | March 2015 | ||||
| Total volume traded (U.S. Dollar) | $586.6 billion | $692.3 billion | ||||
| Average daily volume (ADV) | $25.5 billion | $31.5 billion | ||||
| Number of trading days | 23 | 22 | ||||
| Hotspot Volume Percentage Breakdown | ||||||
| Europe | 38.7% | 41.3% | ||||
| Americas | 46.1% | 44.9% | ||||
| Asia | 15.1% | 13.7% | ||||
| Top Five Currency Pairs by Volume Percentage | ||||||
| EUR/USD | 25.1% | 32.2% | ||||
| USD/JPY | 14.3% | 14.8% | ||||
| GBP/USD | 10.9% | 11.8% | ||||
| AUD/USD | 9.1% | 8.8% | ||||
| USD/CAD | 7.8% | 7.6% | ||||
Hotspot daily, monthly, and quarterly volumes are posted on the Hotspot website.
EUROPE: Bats Europe + BXTR Volume & Market Share3
- According to Bats statistics on market size, 37.7% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats’ systems in March.
| March 2016 | March 2015 | |||||
| Bats Europe Equities | ||||||
| Bats Europe – Overall market share | 21.8% | 23.3% | ||||
| Bats Europe – Average daily notional value traded | €10.7 billion | €12.9 billion | ||||
| Displayed average daily notional value | €9.5 billion | €11.7 billion | ||||
|
Non-displayed4 average daily notional value |
€1.2 billion | €1.2 billion | ||||
| Bats Europe – Total notional value traded | €224.4 billion | €284.2 billion | ||||
| Bats Europe Trade Reporting (BXTR) | ||||||
| BXTR – Total notional value reported | €388.6 billion | €470.7 billion | ||||
| BXTR – Average daily notional value reported | €18.5 billion | €21.4 billion | ||||
___________________
2 Market share figures are for
full month. Bats closed its acquisition of Hotspot on March 13, 2015.
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
| March 2016 | March 2015 | |||||
| London market overall | 23.9% | 23.5% | ||||
| FTSE 100 securities | 25.2% | 25.0% | ||||
| FTSE 250 securities | 24.7% | 21.8% | ||||
| Paris market overall | 21.4% | 27.2% | ||||
| CAC 40 securities | 20.6% | 27.8% | ||||
| CAC Next20 securities | 24.8% | 29.3% | ||||
| Frankfurt market overall | 22.9% | 26.2% | ||||
| DAX 30 securities | 23.3% | 27.4% | ||||
| MDAX securities | 27.9% | 29.4% | ||||
| TecDAX securities | 22.8% | 22.6% | ||||
| Amsterdam market overall | 21.3% | 25.7% | ||||
| AEX securities | 21.6% | 26.6% | ||||
| AMX securities | 20.4% | 22.2% | ||||
| Brussels market overall | 24.4% | 26.6% | ||||
| BEL 20 securities | 23.5% | 27.6% | ||||
| Milan market overall | 13.4% | 14.4% | ||||
| FTSE MIB securities | 14.2% | 15.5% | ||||
| Zurich market overall | 22.2% | 19.3% | ||||
| SMI securities | 23.8% | 21.0% | ||||
| SMIM securities | 21.7% | 20.5% | ||||
| Nordic market overall | 23.3% | 25.0% | ||||
| Helsinki OMXH25 securities | 28.0% | 27.4% | ||||
| Stockholm OMXS30 securities | 24.5% | 27.2% | ||||
| Copenhagen OMXC20 securities | 22.4% | 23.6% | ||||
| Oslo OBX securities | 21.2% | 23.4% | ||||
| Vienna market overall | 12.9% | 20.1% | ||||
| ATX securities | 13.2% | 21.1% | ||||
| Lisbon market overall | 17.5% | 12.9% | ||||
| PSI-20 securities | 17.6% | 13.0% | ||||
| Dublin market overall | 11.8% | 13.0% | ||||
| ISEQ 20 securities | 12.0% | 13.0% | ||||
| Madrid market overall | 20.8% | 20.5% | ||||
| IBEX 35 securities | 21.5% | 21.5% | ||||
| Key Indices | ||||||
| EUROSTOXX 50 securities | 20.4% | 24.4% | ||||
| FTSE RIOB | 7.4% | 7.0% | ||||
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 and Singapore. Visit bats.com and @BatsGlobal for more information.