- BATS Chi-X Europe's Market Share in the IBEX 35 Continues to Grow Rapidly
LONDON and KANSAS CITY, Missouri, March 7, 2013 /PRNewswire/ -- BATS Chi-X Europe, the largest pan-European equities market operator, today reported 16.2% market share in Spain's IBEX 35, inclusive of the closing auction, a new one-day record and the first time BATS Chi-X Europe has closed above 15% in this key market.
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Today marked the third consecutive record market share day in the IBEX 35 for BATS Chi-X Europe with the previous record set yesterday with 14.6%.
Mark Hemsley, CEO of BATS Chi-X Europe, commented: "We have seen sustained demand for the trading of Spanish securities on our platform and worked to open opportunities for customers. Whilst there is still not a level playing field for MTFs in Spain, particularly in the post-trade infrastructure, our growing market share demonstrates a thriving demand for competition in the Spanish market, which can offer benefits in terms of liquidity, price discovery and trading costs."
BATS Chi-X Europe's market share in Spain has grown rapidly since the beginning of the year. In January, BATS Chi-X Europe reported 4.3% market share in the IBEX 35. In February, the company set a new monthly market share record with 8.9% market share in the IBEX 35, exceeding its previous record of 5.8% in April 2012.
Overall European monthly market share was 23.5% in February, as the company remained the largest pan-European equities market operator by market share and notional value traded.
About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral trading facility. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.
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