BATS Chi-X Europe (BATS) today reported April volume, market share, and monthly highlights including the best month ever for the exchange’s trade reporting facility, BXTR, and exceptionally strong market share across key European equity indices.
More than €506.9 billion was reported in total to BXTR during April, an average of €25.3 billion each trading day, up from €21.4bn the prior month. BATS has continued to expand the functionality of this service for participants: on April 13, BATS Chi-X Europe and ICAP announced new services, when combined, enable market participants to trade fully cleared equity index Exchange for Physical (EFP) transactions anonymously.
The exchange had an exceptionally strong month across key continental European indices, trading 30.2% of both the German DAX and MDAX; 28.6% of the French CAC40; and 27.3% of both the Dutch AEX and Swedish OMXS30. It was the second-best month for market share in IBEX35 stocks, at 21.2%.
Across Europe, market share was 24.1%, close to January 2015’s high. Each day an average of €13.6bn was traded at the exchange, up 55.7% year-on-year.
Mark Hemsley, CEO said: “With the acquisition and integration of the Hotspot team, a wave of European regulation, and the expansion of BXTR with the launch of the EFP services, this has been our busiest start to a year ever in Europe. It is therefore particularly encouraging that we have continued to deliver market share gains in our core equities business and particularly across continental European markets.”
He added: “BXTR’s strength is a particular source of pride to the team. That only 18 months after its launch it is now the market leader, and handling more than €500bn over a month, is an incredible achievement and is a clear indication of how much its users value that service.”
According to the exchange’s own data, 40.8% of all equity trades in Europe – executed either on or off-exchange – touched BATS systems.
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