BATS Global Markets (BATS) has reported record market share in both its US options and US exchange-traded fund (ETF) trading businesses in September.
In US options, BATS reported market share of 11.0 per cent in September, surpassing the previous record of 10.9 per cent set in August 2015. In September, BATS was also the market leader in single-leg equity option trades with 17.5 per cent market share, up from 17.3 per cent in August when BATS was also the market leader1.
In US equities, BATS reported market share of 22.0 per cent in September, tying the 22.0 per cent market share record set in August 2015 and up from 20.0 per cent one year ago. Average daily matched volume on the BATS Exchanges was 1.62 billion shares, up from 1.22 billion shares one year ago.
BATS remained the No1 US market for ETF trading in September, executing 28.2 per cent of all ETF volume, a new record for the company. BATS also unveiled the new BATS ETF Marketplace in September, a market specifically structured and designed for ETF issuers and their investors. With this initiative, BATS introduces the BATS ETF Issuer Incentive program and BATS Lead Market Maker program.
In Europe, BATS Chi-X Europe continued a strong track record with 24.8 per cent market share over the month. BXTR, the company’s trade reporting facility, remained No1 in Europe, with EUR355.9 billion reported, an average of EUR16.2 billion per trading day.
Hotspot, BATS’ institutional spot foreign exchange market, posted average daily volume of USD26.2 billion in September vs USD28.3 billion in August. Total volume traded on Hotspot in September was USD575.9 billion (22 trading days) vs USD594.3 billion in August (21 trading days).