Bats US Market Share Rises in November with Volumes Pointed Higher

BATS Global Markets (Bats) has disclosed its latest volumes and market share for the month ending November 2016, which again saw the exchange retain its spot as one of the largest exchanges in the US market as well as in exchange-traded-funds (ETFs) space. The group also saw its market share rise slightly MoM, per a recent Bats statement.

For the third consecutive month, Bats’ business reported a strong performance during November 2016, which was reflective of its overall rising market share – the exchange registered a total market share of 20.4% vs. 20.3% MoM in October 2016, making it the second largest US equities market operator.

In terms of ETFs, Bats executed a total of 25.0% of trades, making it the largest US market operator for this instrument in October 2016, up from 24.7% in the month prior.

As such, the exchange released its trading figures in November 2016, with its average daily matched volume coming in at 1.62 billion shares, compared with just 1.29 billion shares in October 2016, or 25.6% MoM, largely influenced by a large Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term due to the US election.

Looking at its other figures, Bats also saw an average daily matched volume of 2,098,949 contracts across its US equities options during November 2016, surging 23.0% MoM against 1,706,297 in October 2016.

European Snapshot

Looking over to its European business, Bats Europe experienced a separate trend entirely as its business fell slightly to a 22.1% market share in November 2016, down from 23.5% in October 2016 – the Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term is still Europe’s largest, with an average daily notional value reported registering $11.4 billion (€10.6 billion) vs. $10.9 billion (€10.1 billion) or 4.9% MoM.

This growth was also extended to Bats BTXR, which executed a total of $420.3 billion (€391.1 billion) of notional volume in November 2016, compared to $382.9 billion (€355.7 billion) in October 2016, or 10.0% MoM.

Earlier this month, Hotspot, Bats’ institutional spot foreign exchange market, saw its figures also grow in terms of total trading volumes – in November these amounted to $668.2 billion, which is an increase of 25% when compared to the previous month and a 42% rise when compared to the same month of 2015.

• EUR/USD: 23.0%
• USD/JPY: 15.5%
• GBP/USD: 9.3%
• AUD/USD: 8.0%
• USD/CAD: 7.4%