BATS US Market Share Continues to Rise in December 2015

BATS Global Markets (BATS) has released its volumes for the month ending December 2015, having orchestrated a steady rise across its US and European equities business, according to a BATS statement.

US Equities on BATS exchanges reported a 21.1% market share during December 2015, relative to 20.4% back in December 2014. In addition, the exchange yielded an active month in December 2015, with its average daily matched volume coming in at 1.50 billion shares – this constituted a 4.9% YoY growth from 1.43 billion in December 2014. Moreover, US Equities options, including BATS Options, showed an average daily matched volume of 1,513,941 contracts in December 2015, also notching strong growth YoY (51.0%) 1,002,667 contracts in December 2014.

In terms of BATS Chi-X Europe (BXTR) also performed well in December 2015, with average daily notional value reported showing $17.6 billion (€16.1 billion), compared to $15.6 billion (€14.2 billion) in December 2014, up 13.4% YoY. Overall, BATS Chi-X Europe executed a total of $387.1 billion (€353.6 billion) of notional volume in December 2015, climbing from $325.1 (€297.5 billion) in December 2014.

Earlier this month, Hotspot, BATS’ institutional spot foreign exchange (FX) market, and snapped what had been three straight months of waning volumes. However, the month was still 13.2% below the same time in 2014, underscoring that Hotspot still has room to rebound after hitting multi-year monthly trading lows in November 2014. In terms of specifics at Hotspot, the top five currency pairs in December 2015 by volume percentage on BATS exchanges were as follows:

  • EUR/USD: 29.1%
  • USD/JPY: 14.9 %
  • GBP/USD: 11.2%
  • AUD/USD: 8.5%
  • USD/CAD: 8.1%

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