BATS Global Markets again set Europe market share records in March and CEO Joe Ratterman repeated his message to the industry to respond to the questions posed in the Securities and Exchange Commissions market structure concept release.
In the US in March, BATS Exchange earned 9.5% matched market share and, among top global equities market operators, remained in 3rd place after NYSE and NASDAQ and ahead of exchanges based in Shanghai, Tokyo and London in terms of value of shares traded. BATS Exchange recently launched BATS Options in the US and is planning to offer a second US equities exchange, BYX, beginning this summer.
For the month, the BATS Europe MTF set a new overall European market share record with 5.3% as well as records in the FTSE 100, FTSE 250, SMI, AEX, OMXH25, OMXS30 and STOXX 50. The total notional value traded on the BATS Europe MTF in March reached a record high of EUR 40 billion.
Comment of Ratterman:
In our March newsletter, we encouraged the industry to take an active role in the current SEC Concept Release process as we believe it is vital for all participants to weigh in and bring forward arguments and evidence supporting their perspectives on current US equity market structure.
Whatever someones position or convictions, we urge them to take a responsible course of action and put forth their comments, providing supporting evidence where possible. Its imperative that all arguments be heard and weighed so that resulting regulatory changes will have the positive effect of optimizing our markets, not harming them.
As we continue to grow our businesses in the US and abroad, we again thank our customers, investors and the industry for their support.
L.D.