BATS Global Markets reported on Friday its U.S. equities matched market share totaled 11.5 percent in November, up from 9.9 percent a year ago. The exchange operator saw an average daily matched volume of 843.6 million shares last month.
The total notional value of U.S. equities traded on BATS in November was more than $605 billion. That’s up from about $512 billion a year ago, but down from the nearly $728 billion traded on BATS in October.
BATS Options saw its matched market share rise as well, to 3.1 percent from only 0.7 percent a year ago. BATS Options had an average daily matched volume of 500,081 contracts last month, but one day, Nov. 11, had a whopping 1,133,906 contracts.
The firm’s market share in Europe was down somewhat in November, to 5.1 percent compared with 6.6 percent last year. BATS Europe recently transitioned to a new data center, which went live in October.
The big news for BATS in Europe, though, has been the company’s newly completed acquisition of Chi-X Europe. BATS plans to combine the BATS Europe and Chi-X Europe multilateral trading facilities, which would give it about a quarter of overall European equities trading and make it the single largest pan-European securities market.
"By leveraging the mutual resources of BATS and Chi-X Europe, we are now even better positioned to keep Europe’s markets competitive, as well as affect market structure reforms that support competition and innovation," Joe Ratterman, chairman and chief executive officer of BATS, said in a statement.
Mark Hemsley, the current CEO of BATS Europe, will take charge of the new MTF, which will be called BATS Chi-X Europe.
