BATS Holds Onto Market Share in March Despite Incurring Volumes Decline

BATS Global Markets (Bats) has reported its monthly volumes and market share during March 2015, retaining its spot as one of the leading exchanges in the US market, though ultimately yielding a general retreat in its volumes when compared to last month, according to a Bats statement.

The strongest component of Bats’ business during March 2016 was on display with its overall market share, seeing a robust figure of 21.0%, down slightly -1.9% MoM from 21.4% MoM in February 2016, though still securing the second largest spot in the US market. In addition, the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term also disclosed its trading figures in March 2016, with its average daily matched volume coming in at 1.61 billion shares – this constituted a decrease of -14.4% MoM from 1.88 billion in February 2016.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

By extension, Bats also saw a decline across its US Equities options, and more specifically Bats Options, having recording an average daily matched volume of 1,584,437 contracts in March 2016, justifying a pullback of -6.7% MoM from 1,697,871 contracts in February 2015.

Looking over to its European business however, Bats Europe constituted a 21.8% market share in March 2016, compared with a 23.7% share just one month ago, with an average daily notional value reported registering $12.1 billion (€10.7 billion), compared to $14.9 billion (€13.2 billion) in February 2016, down -18.9% MoM. This performance was also extended to Bats Chi-X Europe, which executed a total of $437.7 billion (€388.6 billion) of notional volume in March 2016, retreating -4.8% MoM from $460.1 billion (€408.4 billion) in February 2016.

Earlier this month, Hotspot, Bats’ institutional spot foreign exchange (FX) market, also released its trading volumes in March 2016, declining -14.0% when compared to February 2016, totaling $586.6 billion in volume traded for the month. The average daily volume (ADV) figure totaled $25.5 billion, which correlated to a MoM retreat of -21.0% when compared to the previous month. The numbers are also lower YoY, reflecting seasonal factors, with the Easter holidays, which substantially decreases trading activity, falling in April 2015. 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: 25.1%
• USD/JPY: 14.3%
• GBP/USD: 10.9%
• AUD/USD: 9.1%
• USD/CAD: 7.8%