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BATS Exchange Reports 9.48% October Matched Market Share; BATS Europe Sets Records for FTSE 100, All of Europe

Business Wire
posted: 24 DAYS 14 HOURS AGO

BATS Global Markets, an innovative global financial markets technology company, reports that BATS Exchange earned 9.48% US matched market share in October on its single trading platform, while BATS Europe earned new market share records in the FTSE 100 of 8.05% and the European market overall with 3.71% for the month.

BATS Europe, which launched one year ago on October 31st, 2008, also hit new one day record highs in the FTSE 100 (9.70%) and FTSE MIB (5.0%). The fast-growing MTF also recorded a new average daily notional value record for the month of about €1.27 billion.

“We continue to enhance our functionality and services with great results for customers at both of our major markets,” said Joe Ratterman, CEO of BATS Exchange and BATS Global Markets. “And while some of our US competitors have continued to increase their rates for routing and removing liquidity rates, BATS has maintained better take and route fees than our major competitors.

“This week, in particular, we are celebrating the one-year anniversary of BATS Europe and the incredible progress our London team has made in such a short time. We couldn’t have asked for a better reception in this market and we thank our investors and customers globally for their continued support,” he said.

Also in October:

  • BATS Exchange maintained its aforementioned low liquidity removal fee of $0.0025 per share – for all securities – and a route rate of $0.0026, again for all US stocks.
  • BATS Exchange filed its rule set with the Securities and Exchange Commission to launch a second US equities exchange (BYX), in early 2010.
  • BATS Global Markets announced plans to expand its hosting space in Savvis’ Weehawken data center to support current business growth and the launch of BYX and a licensed US options exchange, also in early 2010.
  • The BATS 1000SM Index closed at 11,224.82 on October 30 compared to 11,507.88 the last day of September.

BATS Exchange October 2009 US Highlights:

  • BATS average total handled volume of 1,047,731,859 shares daily (includes odd-lots)
  • BATS average matched volume of 874,766,913 shares daily (excludes odd-lots)
  • BATS average internal match rate of 85.62%
  • BATS matched market share for Tape A securities of 7.78%
  • BATS matched market share for Tape B securities of 14.44%
  • BATS matched market share for Tape C securities of 9.99%
  • BATS matched market share for all securities of 9.48%
  • BATS total notional value traded of $524,396,022,589 (excludes odd lots)

BATS Europe October 2009 Highlights:

  • BATS Europe average daily notional value traded of €1,266,615,443 for all markets (new record)
  • BATS Europe market share for FTSE 100 securities of 8.05% (new record)
  • BATS Europe market share for FTSE 250 securities of 4.80% (new record)
  • BATS Europe market share for CAC 40 securities of 3.88%
  • BATS Europe market share for DAX 30 securities of 3.43%
  • BATS Europe market share for AEX securities of 3.77%
  • BATS Europe market share for all securities of 3.71% (new record)

Taking the top 25 U.S. stocks, ranked by total volume traded in all U.S. markets, BATS Exchange’s matched market share on a security by security basis for October was as follows:

Stock
Name

 

Total Industry
Volume

 

BATS Matched
Volume

 

BATS Market
Share

C   9,863,053,286   765,203,609   7.76%
BAC 4,552,015,255 339,274,704 7.45%
SPY 4,356,316,672 543,565,201 12.48%
XLF 2,288,872,507 449,384,504 19.63%
QQQQ 2,262,586,871 387,098,451 17.11%
GE 2,120,794,323 141,801,786 6.69%
FAZ 1,867,940,084 245,911,876 13.16%
EEM 1,857,442,656 300,295,852 16.17%
CIT 1,783,901,213 81,358,393 4.56%
ETFC 1,732,218,962 135,505,802 7.82%
INTC 1,676,042,837 212,771,975 12.69%
MSFT 1,512,963,058 189,277,878 12.51%
PFE 1,479,148,577 131,333,124 8.88%
F 1,463,205,182 98,653,347 6.74%
S 1,297,623,569 92,564,124 7.13%
IWM 1,188,794,308 245,264,918 20.63%
FNM 1,173,730,482 57,276,017 4.88%
WFC 1,159,904,684 100,292,739 8.65%
SDS 990,238,667 165,305,193 16.69%
LVS 955,674,852 64,794,733 6.78%
CSCO 955,399,424 109,910,268 11.50%
AA 853,810,827 68,467,183 8.02%
RF 849,224,477 70,376,115 8.29%
JPM 844,652,001 73,532,201 8.71%
ORCL   814,497,869   105,133,445   12.91%

About BATS

BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is one of the fastest growing, top tier equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities, and expects to launch BATS Options in the US in early 2010. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS … Making Markets Better.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6089045&lang=en

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