BATS US Market Share Largely Unchanged in January, BXTR Volumes Slip

BATS reported a 21.4% market share across its US equities business during January 2016, virtually unchanged from 21.1% back in

BATS Global Markets (BATS) has announced the release its aggregated trading volumes for the month ending January 2016, having seen a stagnation across its US and European equities and exchange-traded-funds (ETF) business, according to a BATS statement.

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The overall market share at BATS was virtually unchanged MoM as US Equities on BATS exchanges reported a 21.4% market share during January 2016, relative to 21.1% back in December 2015 – this does indicate a slight rise however.

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In addition, the exchange again saw an active month in January 2016 with its metrics, with its average daily matched volume coming in at 1.99 billion shares – this justified a 32.7% MoM growth from 1.50 billion shares in December 2015. US Equities options, including BATS Options, also showed an uptick in its average daily matched volume, with 1,904,383 contracts in January 2016, climbing 25.8% MoM from 1,513,941 contracts in December 2015.

In terms of BATS Chi-X Europe (BXTR), the business segment slipped in January 2016, with an average daily notional value reported showing just $15.7 billion (€14.0 billion), compared to $18.1 billion (€16.1 billion) in December 2015, down -13.0% MoM. Overall, BATS Chi-X Europe executed a total of $428.3 billion (€382.1 billion) of notional volume in January 2016, edging higher by 8.1% Mom from $396.4 (€353.6) in December 2015.

Earlier this month, Hotspot, BATS’ institutional spot foreign exchange (FX) market, reported its average daily volumes (ADV) at $30.7 billion, 27.5% higher MoM from December 2015, showing a rebound after three straight months of falling volumes. In terms of specifics at Hotspot, the top five currency pairs in January 2016 by volume percentage on BATS exchanges were as follows:

  • EUR/USD: 24.2%
  • USD/JPY: 17.6 %
  • GBP/USD: 10.5%
  • AUD/USD: 9.1%
  • USD/CAD: 8.7%
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