BATS Global Markets reports record 2015 Market Share 

BATS exchange

BATS Global Markets reports record 2015 Market Share in U.S Equities, Options and ETF Trading; Remains #1 Europe Stock Market 

 

  • More Than Doubles the Number of ETFs Listed on Its U.S. Market in 2015, Bringing Total Number to 56;
  • Remains Largest Trade Reporting Facility in Europe During 2015

BATS Global Markets (BATS) reported new annual market share records for its U.S. Equities and U.S. Options businesses, as well as record notional value traded for its European Equities business, in 2015.

BATS reported 21.1% U.S. Equities market share for 2015 vs. 20.4% in 2014 and 9.6% U.S. Options market share vs. 4.8% in 2014. BATS’ European Equities business traded a record €3.8trn over 2015 with 24.4% market share vs. 21.6% in 2014, remaining the #1 stock market in Europe.

Additionally, BATS reported 11.5% market share in 2015 for Hotspot, its institutional spot foreign exchange market and BATS’ European trade reporting facility, BXTR, remained the largest trade reporting facility in the region, with more than €4.8 trillion in transactions reported in 2015.

Also, BATS more than doubled the number of ETFs listed on its U.S. market in 2015, welcoming 30 new issues and bringing the total number of ETFs listed on The BATS ETF Marketplace at year-end to 56. In December alone, BATS welcomed 11 ETFs to its U.S. market, more than any other U.S. market, and, in 2016, the company has added eight issues as of January 15th
.
December 2015 Highlights:

  • For the month of December, BATS’ U.S. Equities business reported another strong month with market share of 21.0%, up from 20.8% a year ago. Average daily matched volume on the BATS Exchanges was 1.50 billionshares, up from 1.43 billion one year ago.
  • BATS reported 10.1% market share for its U.S. Options business in December, up from 8.7% in November and 6.3% a year ago.
  • In Europe, BATS averaged 23.7% pan-European equities market share in December, up from 22.0% a yearago, maintaining its position as the largest equity market in Europe during 2015.
  • BATS listed a record 12 new ETFs on its ETF Marketplace in December, and remained the #1 U.S. market operator for ETF trading for the month of December, executing 25.7% of all ETF volume.
  • On December 15, BATS successfully executed its first ETF transfers – four ProShares ETFs previously listed in NYSE Arca – to The BATS ETF Marketplace, making ProShares the first issuer to transfer products to BATS.Earlier this month, iShares announced its plans switch the iShares MSCI Eurozone ETF from NYSE Arca to BATSin early February.
  • BATS’ Hotspot market posted average daily volume of $24.1 billion in December vs. $22.4 billion in November. Hotspot earned 12.7% market share in December, up from 11.9% in November and 11.6% one year ago. Total volume traded on Hotspot in December was $529.8 billion (22 trading days) vs. $470.2 billion in November (21 trading days).
  • In all, the BATS markets executed $109 billion of notional value per day in December.

Full Year 2015 Highlights

Corporate

  • In three consecutive months in 2015 (September through November), BATS Global Markets ranked as the world’slargest global equities exchange operator according to data provided by the World Federation of Exchanges. 2
  • On March 13, 2015, BATS Global Markets successfully closed the acquisition of Hotspot. The acquisition enabledBATS to enter the world’s largest asset class.

U.S. Equities

  • BATS reported a record 21.1% U.S. Equities market share for 2015 vs. 20.4% in 2014.
  • BATS successfully completed the integration of the Direct Edge stock exchanges, EDGX and EDGA, to proprietary
  • BATS technology on January 12, 2015, and reported a month-over-month increase in market share, all the whilethe company was completing its technology integration.
  • BATS successfully completed the migration of all of its U.S. markets to the Equinix NY5 data center in Secaucus,N.J. on May 4, 2015, concluding an 18-month process related to the acquisition of Direct Edge.
  • In an open letter to the industry published in January 2015, BATS proposed market structure initiatives designedto benefit all investors and issuers, including the elimination of a one-size-fits-all U.S. equity market, and areduction in access fees for highly liquid securities by more than 80%. BATS formally filed a petition forrulemaking on market structure reform with the Securities and Exchange Commission (SEC), as well.
  • BATS filed its Exclusive Listings Proposal with the SEC on May 5, 2015, which seeks to improve investors’ tradingexperience in thinly-traded securities.

U.S. Options

  • BATS reported a record 9.6% U.S. Options market share for 2015 vs. 4.8% in 2014.
  • BATS successfully launched its second options exchange – EDGX Options – on November 2, 2015, and completedthe phased symbol rollout on November 17, 2015. EDGX Options is based on a customer priority/pro rataallocation model.
  • BATS announced several key hires in 2015 including options industry veteran Kapil Rathi who joined the firm asVice President, Options Business Strategy, overseeing business and product development, and competitivestrategy for BATS Options.

ETF Listings and Trading

  • BATS was the #1 U.S. market for ETF trading for every month of 2015.
  • BATS welcomed the following new issuers to its U.S. market last year: Elkhorn Investments, Pacer ETFs,KraneShares, and WisdomTree. BATS now has eight issuers that maintain listings on the BATS ETF Marketplace.Additional information on all products listed on BATS is available on The BATS ETF Marketplace website.
  • BATS unveiled the new BATS ETF Marketplace on October 1, 2015, a market specifically structured and designedfor ETF issuers and their investors. With this initiative, BATS introduced the BATS ETF Issuer Incentive programand enhanced BATS Lead Market Maker program.
  • During 2015, BATS remained a leader in market quality of ETFs. In December, the BATS Exchanges had the lowesteffective spread in 64% of the top 50 exchange-traded products, according to the BATS market quality statistics.
  • Industry leader Laura Morrison joined BATS as Senior Vice President, Global Head of Exchange-Traded Products.Ms. Morrison joins from NYSE where she spent more than 20 years and was most recently Senior Vice President,Global Index and Exchange-Traded Products.
  • In Europe, BATS Chi-X Europe announced new trading tariffs for ETFs to help incentivize tighter price formationand promote deeper liquidity. In December, the exchange traded 6.6% of all ETFs listed in Europe.3

European Equities

  • BATS’ European Equities business traded a record €3.8trn over 2015 with 24.4% market share vs. 21.6% in 2014,remaining the #1 stock market in Europe. The exchange set a new record for monthly market share in October2015, trading 26.0% of pan-European stocks.
  • BXTR, remained the largest trade reporting facility in the region, with more than €4.8 trillion in transactionsreported in 2015. In addition, BXTR had its most successful month ever with more than €504.9 billion reported intotal during April, an average of €25.2 billion each trading day.
  • In addition, in 2015 the exchange set monthly market share records in in eight of the 15 national markets in whichthe exchange operates (Austria, Belgium, France, Germany, Ireland, Italy, Portugal, Spain) and across 14 nationalindices (ATX, CAC Next 20, DAX, Eurostoxx 50, FTSE MIB, FTSE RIOB, IBEX 35, ISEQ 20, MDAX, OMXH25, PSI, SDAX,SMI, SMIM).
  • BATS Chi-X Europe set six new one-day records in key European indices:
  • o March 9, 2015: 32.8% of SBF120
  • o May 7, 2015: 35.7% of OMXH25
  • o June 11, 2015: 35.9% of DAX
  • o June 24, 2015: 35.9 of MDAX
  • o August 2, 2015: 29.8% of Eurostoxx 50
  • o December 1, 2015: 29.7% of IBEXOn April 13, BATS Chi-X Europe and ICAP announced new services that, when combined, enable marketparticipants to trade fully cleared equity index Exchange for Physical (EFP) transactions anonymously.
  • BATS Chi-X Europe launched its Periodic Auctions Book on Monday, October 19, 2015. The new order book allowsmarket participants to access auction functionality throughout the trading day in a bid to encourage trading inlarger size.

FX

  • On September 14, 2015, Hotspot successfully launched a new London matching engine in the Equinix LD4 datacenter.
  • On November 9, 2015, Hotspot successfully migrated its U.S. matching engine to the Equinix NY5 data center.
  • On August 24, 2015, Hotspot transacted its third highest trading day on record, trading $59.3 billion.

Source: BATS

 

Leave a Comment


Broker Cyprus TopFX