BATS Global Markets Secures YoY Growth in US, European Equities Business

Tuesday, 08/12/2015 | 11:47 GMT by Jeff Patterson
  • BATS Chi-X Europe executed a total of $408.6 billion (€376.4 billion) of notional volume in November 2015.
BATS Global Markets Secures YoY Growth in US, European Equities Business
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BATS Global Markets (BATS) has unveiled its volumes for the month ending November 2015, having secured a steady rise across its US and European Equities business, according to a BATS statement.

In particular, for the third consecutive month, BATS Chi-X Europe (BXTR) saw a rise in its volumes, which in November came in at 25.3%. In terms of its latest figures, BXTR reported its trade reporting facility at $106.4 billion of notational value per day during November 2015. Overall, BATS Chi-X Europe executed a total of $408.6 billion (€376.4 billion) of notional volume in November 2015.

US Equities on BATS exchanges also had an active month in November 2015, with its average daily matched volume coming in at 1.43 billion shares, relative to 1.25 billion shares in November 2014. This constituted a 14.4% YoY growth from November 2014. Moreover, US Equities options, including BATS Options, showed an average daily matched volume of 1.36 million contracts in November 2015.

Last week, Hotspot, BATS’ institutional spot foreign Exchange (FX) market, reported its November 2015 volumes, characterized by a general retreat across the board. Hotspot’s weakness continued across its trading after what has been tough sledding for the past months. During November, average daily volume (ADV) came in at $22.38 billion, or -6.7% MoM from October. On a YoY basis, the results looked even worse, with a fall of -31.8% below the same period in 2014. The top five currency pairs traded also were reported as the following:

  • EUR/USD: 28.5%
  • USD/JPY: 14.4%
  • GBP/USD: 11.5%
  • AUD/USD: 8.6%
  • USD/CAD: 8.0%

BATS Global Markets (BATS) has unveiled its volumes for the month ending November 2015, having secured a steady rise across its US and European Equities business, according to a BATS statement.

In particular, for the third consecutive month, BATS Chi-X Europe (BXTR) saw a rise in its volumes, which in November came in at 25.3%. In terms of its latest figures, BXTR reported its trade reporting facility at $106.4 billion of notational value per day during November 2015. Overall, BATS Chi-X Europe executed a total of $408.6 billion (€376.4 billion) of notional volume in November 2015.

US Equities on BATS exchanges also had an active month in November 2015, with its average daily matched volume coming in at 1.43 billion shares, relative to 1.25 billion shares in November 2014. This constituted a 14.4% YoY growth from November 2014. Moreover, US Equities options, including BATS Options, showed an average daily matched volume of 1.36 million contracts in November 2015.

Last week, Hotspot, BATS’ institutional spot foreign Exchange (FX) market, reported its November 2015 volumes, characterized by a general retreat across the board. Hotspot’s weakness continued across its trading after what has been tough sledding for the past months. During November, average daily volume (ADV) came in at $22.38 billion, or -6.7% MoM from October. On a YoY basis, the results looked even worse, with a fall of -31.8% below the same period in 2014. The top five currency pairs traded also were reported as the following:

  • EUR/USD: 28.5%
  • USD/JPY: 14.4%
  • GBP/USD: 11.5%
  • AUD/USD: 8.6%
  • USD/CAD: 8.0%
About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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