Chi-X Leads Way

BATS Boasts Record Market Share in Equities in October

The global exchange reported record-high trading volumes for its European equities platform

BATS Global Markets reported that its market share in European equities reached a record 26 percent in October, with an average daily notional value of the trades conducted via its Chi-X Europe at €49.1 billion ($53.37 bln), according to BATS’ monthly trade volumes statement. The average daily trading volumes on Chi-X Europe came in at €12.8 billion ($13.9 bln).

This is the third month in a row of robust performance for Chi-X Europe. The September volumes were 24.8 percent higher than the August ones.

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Hotspot forex volumes down

Its forex trading platform Hotspot, however, booked substantially lower volumes, at a total of $526.9 billion, versus $789.6 billion in October 2014. The average daily trade figure for this October was $23.9 billion, down from $34.3 billion in October 2014. The October 2015 was also lower on a monthly basis, with the September average daily trade volumes at $26.2 billion. The total volume for September was $575.9 billion.

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EDGX Options goes live

BATS said that its performance in options trading was also good, with the market share of its options trading platform BZX Options at 7.9 percent, up from 6.5 percent in September. The stock exchange added that it has successfully launched a second options trading marketplace, EDGX Options, on November 2, as scheduled. As Finance Magnates reported earlier this year, the new platform will be based out of BATS’ Equinix NY5 data center, the same that is used for the exchange’s US equities, options, and Hotspot.

In the US, BATS maintained its top spot among ETF trading marketplaces, accounting for 27.2 percent of all ETF trades. This was the second-best volume performance for this business, the company said.


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