BATS Global Markets October Highlights: U.S. Antitrust Clearance Of Direct Edge Merger; Europe ETF, Trade Reporting Launches

- BATS Chi-X Europe Remains Europe's Largest Stock Exchange, U.S. Equities Market Share Increases

KANSAS CITY, Missouri and LONDON, Nov. 4, 2013 /PRNewswire/ -- BATS Global Markets (BATS) today reports October market share and activity, which includes U.S. Department of Justice clearance for the BATS-Direct Edge merger, and the launch of BATS Chi-X Europe's pan-European listings business and BXTR pan-European Trade Reporting Service.

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BATS' European equities exchange, BATS Chi-X Europe, posted overall market share of 22.9% in October, with a new monthly market share record of 9.6% set in Depositary Receipts (FTSE ROIB), surpassing the previous record of 9.0% set in July 2013.

BATS Chi-X Europe remains the largest pan-European stock exchange by market share and notional value traded. Overall, average daily notional value traded on BATS Chi-X Europe was €7.8 billion in October vs €7.9 billion in September. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €33.9 billion in October, up from €33.8 billion in September.

In the U.S., BATS reported 10.2% market share in U.S. equities, up from 9.7% reported last month. Overall equities industry average daily volume was 6.3 billion shares vs 6.1 billion shares in September. BATS Options reported market share of 3.6% in October vs 4.1% in September.

"October was a great month of global progress for the company as we seek to provide additional and improved offerings to enhance the trading experience for all investors," said BATS Global Markets CEO Joe Ratterman. "We're also particularly pleased to earn U.S. Department of Justice clearance for the Direct Edge merger and look forward to closing the transaction in the first half of 2014, pending full regulatory approval."

October Highlights:

• BATS Global Markets and Direct Edge Holdings LLC received U.S. antitrust clearance      for their proposed merger. The transaction, which is subject to additional regulatory approvals, is expected to close in the first half of 2014.
• BATS Chi-X Europe announced the launch of its pan-European Listings Business. iShares®, the exchange-traded funds (ETF) platform of BlackRock (NYSE:BLK), will become the first issuer to list on the Regulated Market segment of the exchange. iShares MSCI Emerging Markets UCITS ETF (Ticker: IEEM) and iShares MSCI World Minimum Volatility UCITS ETF (Ticker: MVOL) are scheduled to begin trading in November 2013 as secondary listings.
• BATS Chi-X Europe rolled out "BXTR," a suite of on- and off-exchange Pan-European Trade Reporting Services, which offers the pan-European trading community a comprehensive solution to report trades with the option to centrally clear and multi-laterally settle off order book trades.
• The U.K Office of Fair Trading (OFT) recommended unconditional clearance for the combination of EMCF and EuroCCP. BATS Chi-X Europe is one of four equal shareholders of the new pan-European cash equities clearing house to be called EuroCCP N.V., pending additional regulatory approvals.
• During October, the BATS BZX Exchange ranked 1st or 2nd in quality of trading in 372 of the 500 stocks that make up the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in 10 of the top 25 exchange traded products.

Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity Options, European Equities
A complete breakdown of October volume and market share for each market center is outlined below. To track U.S. and European market share for all major trading exchanges and other venues, please visit: http://www.bats.com/markets

About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. In the U.S., BATS operates two stock exchanges, the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and the BATS 1000 Index, an innovative U.S. equities market benchmark. The BATS BZX Exchange is a primary listings venue for exchange-traded products and is home to 20 exchange-traded funds. In Europe, BATS Chi-X Europe, a Recognised Investment Exchange regulated by the UK Financial Conduct Authority (FCA), and the largest pan-European equities exchange by market share and value traded, offers trading in more than 3,000 equities across 25 indices and 15 major European markets and a listings venue for exchange-traded products. 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.