Bats Overall Trading Volumes Advance in Europe, US During January

Bats has retained its market share in both Europe and the United States during January 2017.

BATS Global Markets (Bats) has reported its latest volumes and market share for the month ending January 2017, which again saw the exchange retain its spot as one of the largest exchanges in the US market as well as in the exchange-traded-funds (ETFs) space.

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The first month of the new year saw an uptick in volatility, particularly in the US with the incoming administration of Donald Trump. Moreover, a return to more normalized trading activity following a seasonal lull also influenced volumes.

Bats reported a strong performance over several business segments during January 2017, which was reflective of its overall rising market share – the exchange largely retained its total US market share of 19.3 percent vs. 19.6 percent in the month prior, making it the second largest US equities market operator.

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In terms of ETFs, Bats executed a total of 21.6 percent of trades, making it the largest US market operator for this instrument in January 2017. As such, the exchange released its equities trading figures as well with its average daily matched volume coming in at 1.30 billion shares in January 2017, compared with 1.33 billion shares in December 2016, virtually unchanged month-over-month.

Bats also saw an average daily matched volume of 1.8 million contracts across its US equities options during January 2017, climbing 8.4 percent month-over-month against 1.7 million contracts in December 2016.

European Snapshot

Looking over to its European business, Bats Europe saw its market share rise to 21.4 percent in January 2017, up from 20.2 percent in December 2016 – the stock exchange held onto its spot as Europe’s largest, with an average daily notional value reported registering $9.7 billion (€9.1 billion) vs. $9.2 billion (€8.7 billion) or 4.6 percent higher month-over-month.

This growth was also extended to Bats BTXR, which executed a total of $379.9 billion (€357.7 billion) of notional volume in January 2017, compared to $359.1 billion (€338.2 billion) in December 2016, or a growth of 5.8 percent month-over-month.

Earlier this month, Hotspot, Bats’ institutional spot foreign exchange market, saw its figures also grow in terms of total trading volumes. The total foreign exchange trading volumes over Hotspot’s electronic communications network (ECN) amounted to $651.1 billion. The number is higher by 21.3 percent when compared to December 2016 and by 6.0 percent when compared to January 2016.

  • EUR/USD: 25.0 percent
  • USD/JPY: 18.7 percent
  • GBP/USD: 9.3 percent
  • AUD/USD: 6.6 percent
  • USD/CAD: 6.4 percent
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