Bats Retains US, European Equities Market Share in May

Unlike many other institutional venues, Bats managed to hold onto the majority of its volumes during May.

BATS Global Markets (Bats) has released its latest tranche of monthly volumes and market share during the month ending May 2016, holding onto its spot as one of the paramount exchanges in the US market, per a recent Bats statement.

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Bats’ business once again saw a strong month during May 2016, which was reflective of its overall market share – the exchange saw a total market share of 20.5%, virtually unchanged MoM from April 2016, and good for the largest in the US equities market. Furthermore, the exchange also disclosed its trading figures in May 2016, with its average daily matched volume coming in at 1.44 billion shares.

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Looking further into the figures, Bats also saw an average daily matched volume of 1,659,673 across its its US Equities options during May 2016, having performed strongly recently and held onto its strength.

Looking over to its European business, Bats Europe rose to a 23.8% market share in May 2016, with an average daily notional value reported registering $10.6 billion (€9.4 billion). This strength was also extended to Bats Chi-X Europe, which executed a total of $418.7 billion (€371.8 billion) of notional volume in May 2016, compared to $540.7 billion (€480.2 billion) in May 2015.

Earlier this month, Hotspot, Bats’ institutional spot foreign exchange (FX) market, saw its volumes decline in terms of average daily volumes, falling -8.5% to a total of $23.4 billion daily, which is the lowest number since November 2015. Looking at the monthly total number, the figure stood at $514.3 billion, which is lower by 4.2 per cent when compared to April.

  • EUR/USD: 24.1%
  • USD/JPY: 14.6%
  • GBP/USD: 11.5%
  • AUD/USD: 8.6%
  • USD/CAD: 8.3%
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