It was a solid start of the new year for exchange operator BATS Global Markets. The operator of the BATS exchange reported increased European market share in January 2012 and strong equities matched market share in the U.S.
BATS reported 11.1 percent U.S. equities matched market share compared to 10.4 percent 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 25.9 percent compared to 25.4 percent in December 2011 and 23.8 percent a year ago. BATS Options reported 3.0 percent market share compared to 1.3 percent a year ago.
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.
In BATS Chi-X Europe news, the exchange reported combined overall European market share of 25.9 percent in January compared to 23.8 percent one year ago, making BATS the largest European equities market operator for the second consecutive month since the Chi-X Europe acquisition closed November 30, 2011. BATS Chi-X Europe reported combined total notional value in January of €185.1 billion traded and combined average daily notional value of €8.4 billion, and the BATS Chi-X Europe dark pools earned combined average notional value traded of €460.5 million for the month versus €448.2 million a year ago.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio