Description
moving the Hotspot matching engine in the U.S. to NY5 to allow customers to easily connect and grow with us state-side.
Speaking of Europe, the BATS business there – and the vast opportunity open to us in the region – is one of my favorite
topics and a big part of the reason I joined the team. In seven years, we have grown to be the continent’s largest stock
market and also operate the #1 trade reporting facility, BXTR. In fact, according to our data, nearly 39% of all volume in
Europe is either traded or reported using our systems.
This is an extraordinary achievement. Further, this growth shows no sign of slowing – our Europe trading market share rose 290 basis points in the past year – and with an inside view of what the team is planning in the ever-changing European landscape, I’m convinced the pace of growth can only increase. Back in the U.S., our options business has nearly tripled its market share in the past year, making BATS Options the #1 pricetime priority options market in the U.S. and the fourth-largest exchange overall.
We continue to set monthly records in no small part to our customer service and our ability to recognize what customers are seeking in an options marketplace. We have also recently added to our team by bringing in Kapil Rathi as a Vice President, Options Business Strategy. But to be clear, we are not anywhere near satisfied with our position.
You can expect more news from us on the options front shortly and throughout the year. In the next month, we’re moving BATS Options and the BZX and BYX Exchanges from Weehawken, N.J., to NY5 in Secaucus to make good on a year-long promise to consolidate our U.S. markets in a single data center. This will allow the entire industry to realize significant cost synergies and provide a great platform for our continued growth here in the U.S.
BATS th th Options moves to NY5 on Monday, April 13 , and BZX and BYX move on Monday, May 4 . Finally, a few thoughts about ETFs and our ambitions in the space. As a prominent sell-side research analyst noted earlier this week, BATS is #1 in ETF trading in the U.S. on a daily basis.
ETFs have become a wildly successful investment vehicle in the U.S. and around the globe. We are proud that investors and the trading community view BATS as the best market when trading ETFs.
But, even with the largest liquidity pool for ETFs in the U.S., we have much bigger ambitions. Recently another member of our executive team was quoted in the press as saying that BATS aims to be #1 in ETF listings in the U.S. in three to five years. He wasn’t joking.
Again, as a growing global player, our goal is to be THE leader in every market in which we compete. Today those businesses include ETF listings; equities, options and FX trading; and European trade reporting. It is a safe bet that the list will grow and that we will match it with our desire to succeed.
Stay tuned for more from BATS. Last but not least, I would like to acknowledge two very special groups of people. First, thanks to all of the BATS employees for making me feel welcomed as a new team member. It is very much appreciated and I am honored to be here. I look forward to playing my part in continuing the growth that the company has experienced under Joe and the rest of the executive team. Also, as always, I’d like to thank our customers for their consistent and unwavering support.
We come to work every day determined to help each of you make your businesses better and I want to thank you for the large role you continue to play in making BATS what it is today. I look forward to speaking with you soon. Sincerely, Chris Concannon Chief Executive *BATS is the source for all of the great data in this note. ïŠ .
This is an extraordinary achievement. Further, this growth shows no sign of slowing – our Europe trading market share rose 290 basis points in the past year – and with an inside view of what the team is planning in the ever-changing European landscape, I’m convinced the pace of growth can only increase. Back in the U.S., our options business has nearly tripled its market share in the past year, making BATS Options the #1 pricetime priority options market in the U.S. and the fourth-largest exchange overall.
We continue to set monthly records in no small part to our customer service and our ability to recognize what customers are seeking in an options marketplace. We have also recently added to our team by bringing in Kapil Rathi as a Vice President, Options Business Strategy. But to be clear, we are not anywhere near satisfied with our position.
You can expect more news from us on the options front shortly and throughout the year. In the next month, we’re moving BATS Options and the BZX and BYX Exchanges from Weehawken, N.J., to NY5 in Secaucus to make good on a year-long promise to consolidate our U.S. markets in a single data center. This will allow the entire industry to realize significant cost synergies and provide a great platform for our continued growth here in the U.S.
BATS th th Options moves to NY5 on Monday, April 13 , and BZX and BYX move on Monday, May 4 . Finally, a few thoughts about ETFs and our ambitions in the space. As a prominent sell-side research analyst noted earlier this week, BATS is #1 in ETF trading in the U.S. on a daily basis.
ETFs have become a wildly successful investment vehicle in the U.S. and around the globe. We are proud that investors and the trading community view BATS as the best market when trading ETFs.
But, even with the largest liquidity pool for ETFs in the U.S., we have much bigger ambitions. Recently another member of our executive team was quoted in the press as saying that BATS aims to be #1 in ETF listings in the U.S. in three to five years. He wasn’t joking.
Again, as a growing global player, our goal is to be THE leader in every market in which we compete. Today those businesses include ETF listings; equities, options and FX trading; and European trade reporting. It is a safe bet that the list will grow and that we will match it with our desire to succeed.
Stay tuned for more from BATS. Last but not least, I would like to acknowledge two very special groups of people. First, thanks to all of the BATS employees for making me feel welcomed as a new team member. It is very much appreciated and I am honored to be here. I look forward to playing my part in continuing the growth that the company has experienced under Joe and the rest of the executive team. Also, as always, I’d like to thank our customers for their consistent and unwavering support.
We come to work every day determined to help each of you make your businesses better and I want to thank you for the large role you continue to play in making BATS what it is today. I look forward to speaking with you soon. Sincerely, Chris Concannon Chief Executive *BATS is the source for all of the great data in this note. ïŠ .
