BATS Chi-X Europe achieved record market share in Spain during June, alongside strong performance in the Nordic market.
The exchange achieved monthly market share of 14.4% for Spain’s IBEX 35, as well as a one-day record of 19.5%. It has seen substantial growth in Spain in the past twelve months, accounting for just 5.2% in June 2012.
BATS Chi-X Europe also saw record trading market share in Finland for the month, which reached 28.6% for Helsinki’s OMXH25 index. This came on top of growth in the Nordic region more generally, with a market share of 26.7% in June, the second highest month on record.
However, BATS Chi-X Europe’s London market share was down year-on-year from 30.5% in June 2012 to 26.1% last month.
Overall European market share was 22.5%, roughly in line with its May market share figures.
In the US, BATS’ equities market share was maintained between May and June at 10.4%.
The exchange has also noted a significant uptick in volumes during June, which could be related to recent announcements by the US Federal Reserve that it is to begin tapering its quantitative easing program.
In the US, average daily volume was 7.1 billion shares in June, up from 6.4 billion shares in May and was the most active month since May 2012. European securities volume was also up with average daily notional value traded of €35.6 billion compared to €32 billion in May. This could be a sign that the ‘great rotation’ of assets out of fixed income and into equities and other asset classes is under way.
Joe Ratterman, chief executive of BATS Global Markets, said: “Our continued growth in Europe is a testament to market participants’ desire for increased competition as we retain our position as the largest exchange in Europe.”