Jul 13, 2016 - Other Highlights Include Launch of New UK-Focused Index Series ... 1 Based on Bats Europe market coverage
Bats U.S. Options Market Share Reaches Record 11.7% in June, Remains #1 in U.S. ETF Trading, #1 Pan-European Stock Market
MEDIA Hannah Randall New York +1.646.856.8809
Other Highlights Include Launch of New UK-Focused Index Series
Stacie Fleming London +44.20.7012.8950
KANSAS CITY, NEW YORK and LONDON – July 13, 2016 – Bats Global Markets, Inc. (Bats: BATS), a leading global operator of exchanges and services for financial markets, today reported June data and highlights, including record market share for its U.S. Options business.
Randy Williams New York +1.212.378.8522
Bats reported 11.7% U.S. Options market share, up from 9.7% a year ago, and was also the market leader in single-leg equity options trades with 19.0% market share, a new record for the company.
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Additional Bats highlights for June include:
INVESTORS Mark Marriott Kansas City +1.913.815.7132
[email protected]
Remaining the #1 U.S. market operator for ETF trading, executing 24.9% of all May volume, and winning 29% of all U.S. ETF listings so far this year; 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 22.9% market share and the largest trade reporting facility with €428.8 billion reported to BXTR for the month; Successfully launching a UK-focused benchmark index series on June 13. Bats launched 18 different indices covering large and small cap securities and 12 industry sectors; Recording average daily volume of $28.8 billion for Hotspot, the company’s institutional spot foreign exchange market; Recording more than $119 billion of notional value per day touched by the Bats markets in June, including trades reported to BXTR. June 2016 Volume and Market Share Overview U.S. Equities (Bats Exchanges – BZX, BYX, EDGA, EDGX)
June 2016
Bats Exchanges – Overall market share
20.3%
Bats Exchanges – Average daily matched volume (shares)
1.54 billion
Overall Industry – Average daily consolidated volume (shares)
7.61 billion
U.S. Equity Options (Bats Options – BZX Options + EDGX Options) Bats Options – Overall market share
11.7%
Bats Options – Average daily matched volume (contracts)
1,919,507
Overall Industry – Avery daily consolidated volume (contracts)
16,350,620
European Equities (Bats Europe Equities ) Bats Europe – Overall European market share
22.9%
Bats Europe – Average daily notional value
€12.4 billion
Pan-European Consolidated Volume 1– Average daily notional value
€53.9 billion
European Trade Reporting (BXTR) 1
Based on Bats Europe market coverage, available at batstrading.co.uk
BXTR – Total notional value reported BXTR – Average daily notional value reported Foreign Exchange (Hotspot)
€428.8 billion €19.5 billion
Total volume traded Average daily volume (ADV)
$633.4 billion $28.8 billion
Highlights for the month of June are outlined below by business line.
U.S. EQUITIES: Bats Exchanges (BYX, BZX, EDGA, EDGX) Volume & Market Share During June, the BZX Exchange ranked 1st or 2nd in quality of trading in 43% 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 58% of the top 50 exchange-traded products in June. Bats Exchanges – Overall market share Bats Exchanges – Average daily volume traded (shares) Bats Exchanges – Average daily notional value traded Bats Exchanges – Total notional value traded for month Bats Exchanges market share – Tape A securities Bats Exchanges market share – Tape B securities Bats Exchanges market share – Tape C securities Bats Exchanges market share in ETF trading
June 2016 20.3% 1.54 billion $54.6 billion $1.20 trillion 18.3% 24.5% 20.8% 24.9%
June 2015 20.1% 1.29 billion $51.7 billion $1.14 trillion 17.8% 25.8% 20.7% 26.2%
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 Bats Options – Overall market share BZX Options – Market share EDGX Options – Market share Bats Options – Overall average daily volume (contracts) BZX Options – Average daily volume EDGX Options – Average daily volume
June 2016 11.7% 10.8% 0.9% 1,919,507 1,767,292 152,215
June 2015 9.7% 9.7% N/A 1,434,949 1,434,949 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 Average daily volume traded on Hotspot’s London-area matching engine was $1.7 billion, equating to 5.7% of overall volume available on the platform, a new record. On June 14, Bats Hotspot announced plans to launch outright forwards for the FX market later this year. Hotspot Market Statistics Total volume traded (U.S. Dollar) Average daily volume (ADV) Number of trading days Hotspot Volume Percentage Breakdown Europe Americas Asia Top Five Currency Pairs by Volume Percentage EUR/USD USD/JPY GBP/USD AUD/USD USD/CAD
June 2016 $633.4 billion $28.8 billion 22
June 2015 $565.7 billion $25.7 billion 22
43.4% 43.1% 13.5%
44.2% 41.1% 14.7%
24.5% 14.8% 14.6% 7.5% 6.7%
28.7% 16.4% 10.4% 7.8% 6.1%
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, 38.0% of all equity transactions in Europe (either traded on exchange or OTC) touched Bats’ systems in June. Bats Europe – Overall market share Bats Europe – Average daily notional value traded Displayed average daily notional value Non-displayed4 average daily notional value Bats Europe – Total notional value traded BXTR – Total notional value reported BXTR – Average daily notional value reported
June 2016 22.9% €12.4 billion €10.9 billion €1.4 billion €271.7 billion €428.8 billion €19.5 billion
June 2015 25.1% € 13.5 billion € 12.1 billion € 1.4 billion €296.8 billion €401.2 billion €18.2 billion
BATS INDICES: Monthly Performance for Key Bats Indices Additional information is available on the Bats Indices website. Bats UK 100 Bats UK 250 Bats UK All Companies
2
3.6% -8.1% 2.0%
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 June 2016 London market overall
June 2015
25.6%
25.1%
Bats UK 100
27.4%
N/A
FTSE 100 securities
27.3%
26.5%
FTSE 250 securities
24.5%
24.3%
Paris market overall
21.9%
27.3%
CAC 40 securities
22.3%
28.1%
CAC Next20 securities
25.9%
27.9%
Frankfurt market overall
24.7%
29.6%
DAX 30 securities
25.8%
31.3%
MDAX securities
28.2%
31.7%
TecDAX securities
22.0%
23.8%
23.4%
25.7%
AEX securities
24.2%
26.4%
AMX securities
19.3%
20.1%
Amsterdam market overall
Brussels market overall
23.4%
25.7%
BEL 20 securities
24.2%
26.0%
Milan market overall
13.1%
15.5%
FTSE MIB securities
14.6%
16.6%
Zurich market overall
21.8%
23.1%
SMI securities
23.3%
24.7%
SMIM securities
21.4%
23.1%
Nordic market overall
23.4%
25.1%
Helsinki OMXH25 securities
25.9%
30.9%
Stockholm OMXS30 securities
25.5%
26.9%
Copenhagen OMXC20 securities
22.3%
25.0%
Oslo OBX securities
21.4%
22.7%
Vienna market overall
16.9%
19.8%
ATX securities Lisbon market overall
17.4%
20.5%
17.4%
17.3%
PSI-20 securities
17.5%
17.3%
Dublin market overall
16.2%
16.1%
ISEQ 20 securities
16.2%
16.1%
Madrid market overall
24.0%
23.2%
IBEX 35 securities
24.7%
24.3%
21.8%
25.3%
7.4%
8.7%
Key Indices EUROSTOXX 50 securities FTSE RIOB
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.
Forward Looking Statements This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes” and “expects.” Forward-looking statements are based on Bats’ current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our filings with the SEC, including our registration statement on Form S-1, as amended from time to time, under the caption “Risk Factors.”
