Bats Global Markets Reports Byx Market Share Record; Bats Chi-X Europe Remains #1 in Europe Overall U.S
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BATS GLOBAL MARKETS REPORTS BYX MARKET SHARE RECORD; BATS CHI-X EUROPE REMAINS #1 IN EUROPE OVERALL U.S. EQUITIES MARKET SHARE REMAINS STEADY AT 10.9% KANSAS CITY, Mo., and LONDON – April 3, 2012 – BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported that the BATS BYX Exchange marked its best month on record with 2.6% market share in March while BATS’ overall U.S. equities market share remained steady month-over-month, coming in at 10.9%. The 10.9% U.S. equities market share in March is consistent with the 10.9% reported in February. BATS Options reported 2.4% market share compared to 2.6% a year ago. In Europe, BATS Europe and Chi-X Europe, which BATS is combining to form BATS Chi-X Europe, recorded consolidated market share of 24.3%, up from 23.0% a year ago making BATS Chi-X Europe the largest pan European equities market operator by notional value traded for the fourth consecutive month. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA- authorized multilateral trading facilities. March 2012 highlights for each of the BATS markets are outlined below. BATS U.S. Equities: • BATS U.S. equities reported matched market share of 10.9% in March 2012 compared to 10.9% in February and 11.1% in the same period a year ago. • The BATS BYX Exchange reported 2.6% market share in March 2012, its best month ever. • BATS U.S. equities reported average daily matched volume of 723.3 million shares in March 2012. BATS Options: • BATS Options reported matched market share of 2.4% in March 2012 compared to 2.6% one year ago, with average daily matched volume of 402,849 contracts. • BATS Options’ highest one-day matched contract volume for the month was 539,126 contracts, reported on March 14. BATS Chi-X Europe: • BATS Chi-X Europe remains the largest European equities market center with combined overall European market share of 24.3% in March compared to 23.0% a year ago on a pro forma basis. • BATS Chi-X Europe reported combined total notional value in March of €190.0 billion traded and combined average daily notional value of €8.6 billion. • The BATS Chi-X Europe dark pools earned combined average notional value traded of €470.7 million for the month versus €441.6 million a year ago on a pro forma basis. Additional company news: • BATS Chi-X Europe continues to make significant progress to migrate the Chi-X Europe lit and dark order books to the BATS technology platform, which is scheduled for completion on April 30. Following the technology migration, both the Chi-X Europe and BATS Europe lit and dark order books (respectively the “CXE” and “BXE” order books) will continue operating. o On March 13, BATS Chi-X Europe rolled out a new secondary data center for the BXE order books at Equinix Park Royal (LD3), which also serves as the secondary data center for the CXE order books. BATS Global Markets March 2012 Volume / Page 2 o BATS Chi-X Europe completed a successful technology dress rehearsal for trading participants on March 24. A second dress rehearsal is scheduled for April 21. • The BATS 1000 ® Index ended the month up 361.64 points, or 2.3%, to close at 15,866.96. The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors. • Among global equities market operators in February 2012, 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. (March 2012 information for international exchanges is not yet available.) A breakdown of March volume and market share for each market center is outlined below. To track U.S. and Europe market share for all major trading exchanges and other venues, please visit: http://www.batsglobalmarkets.com/markets/ U.S. Equities *: March 2012 March 201 1 The BATS Exchanges (BZX & BYX combined) (In millions, except percentages) Average daily matched volume 723.3 873.3 Total notional value traded for the month $550,037.5 $682,062.9 Market share percentage (for the period): Tape A 9.4% 9.0% Tape B 14.5% 16.0% Tape C 11.9% 12.0% Overall matched market share 10.9% 11.1% Volume By Exchange: BZX Exchange: Average daily matched volume 549.9 715.3 Total notional value traded for the month $438,101.3 $586,483.4 Market share percentage (for the perio d): Tape A 6.8% 6.8% Tape B 11.8% 14.5% Tape C 9.3% 10.0% Overall matched market share 8.3% 9.1% BYX Exchange: Average daily matched volume 173.5 158.0 Total notional value traded for the month $111,936.2 $95,579.5 Market share percentage (for the period): Tape A 2.6% 2.2% Tape B 2.7 % 1.5 % Tape C 2.5% 2.0% Overall matched market share 2.6% 2.0% *Volume and notional figures exclude odd-lots. BATS Options: March 2012 March 201 1 Contracts Market share Contracts Market share Average daily matched volume 402,849 2.4% 448,288 2.6%** **Adjusted from 2.9%, which was published in March 2011 volume PR. BATS Global Markets March 2012 Volume / Page 3 European Equities 1: March 2012 March 2011 (In millions, except percentage) Combined average daily notional value €8,634.2 €10,031.4 Combined total notional value €189,953.5 €230,773.0 Non-displayed 2 average daily notional €470.7 €441.6 Market share by platform (for the period): Overall European market share 24.3% 23.0% STOXX Europe 50 securities 27.3% 26.4% London market overall 30.1% 31.7% FTSE 100 securities 35.1% 36.7% FTSE 250 securities 26.1% 25.4% Paris market overall 26.3% 24.1% CAC 40 securities 27.9% 26.5% CAC Next20 securities 25.4% 24.1% Frankfurt market overall 24.7% 24.7% DAX 30 securities 25.9% 27.8% MDAX securities 26.3% 21.0% Amsterdam market overall 28.3% 27.0% AEX securities 29.4 % 28.0 % Brussels market overall 23.2% 27.4% BEL 20 securities 25.6% 27.7% Milan market overall 14.0% 14.7% FTSE MIB securities 14.8% 15.3% Zurich market overall 24.7% 25.5% SMI securities 26.4% 27.6% SMIM securities 18.1% 11.6% Nordic market overall 23.2% 17.8% Helsinki OMXH25 securities 27.5 % 24.6 % Stockholm OMXS30 securities 25.9% 22.1% Copenhagen OMXC20 securities 19.3% 14.7% Oslo OBX securities 19.0% 9.5% Vienna market overall 14.7% 10.3% ATX securities 15.0 % 10.7 % Lisbon market overall 16.2% 8.4% PSI-20 securities 16.2% 8.4% Dublin market overall 4.6% 2.2% ISEQ 20 securities 4.6% 2.2% Madrid market overall 4.6% 1.7% IBEX 35 securities 4.6% 1.7% 1Figures represent consolidated figures for BATS Europe and Chi-X Europe (lit and dark books), unless otherwise noted. 2 BATS Europe Dark Pool and Chi-Delta dark book ### About BATS Global Markets, Inc. BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA-authorized multilateral trading facilities. BATS’ innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, BATS Global Markets March 2012 Volume / Page 4 catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London. For more information, visit www.batsglobalmarkets.com . BATS … Making Markets Better. Contacts: MEDIA (U.S.): Stacie Fleming +1.913.815.7193 [email protected] MEDIA (Europe): Kelly Bailey +44.207.012.8950 [email protected] .