BATS Boosts Share of European Trading to 25.9%
February 2, 2012
BATS Global Markets said its two electronic exchanges, BATS Europe and Chi-X Europe, accounted for a consolidated market share of 25.9 percent of trading in Europe in January.
That’s up from 25.4 percent in December, making BATS the largest equities market operator in Europe. and putting it well ahead of the long-time leader, the London Stock Exchange. The LSE holds approximately 20 percent of European trading.
BATS completed its acquisition of Chi-X on December 1, 2012 and is combining that with BATS Europe to form BATS Chi-X Europe.
In the U.S., where BATS operates the BATS BZX Exchange and BATS BYX Exchange3, BATS reported an 11.1 percent matched market share in January 2012. That’s up from 10.4 percent for the same period a year ago but below the 12.1 BATS market share for October.
B ATS U.S. equities reported an average daily matched volume of 766.6 million shares in January as opposed to 710.7 million shares in December 2011.
The BATS Options exchange reported matched market share of 3.0 percent in January, up from 1.3 percent one year ago, with an average daily matched volume of 483,050 contracts. BATS Options accounted for a 2.3 percent market share in U.S. trading in December with average daily matched volume of 345,788 contracts.
Additionally, BATS Chi-X Europe reported combined total notional value in January of €185.1 billion traded and combined average daily notional value of €8.4 billion.
The BATS Chi-X Europe dark pools earned combined average notional value traded of €460.5 million for the month versus €448.2 million a year ago.
Among global equities markets operators in December 2011, BATS remained the third-largest in the world after NYSE Euronext and NASDAQ OMX in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. In November, all four of BATS' equity market centers ranked among the top 30 largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, Chi-X Europe was ranked #12, the BYX Exchange was ranked #13, and BATS Europe was ranked #30. (January 2012 information for international exchanges is not yet available.)
