Bats reports $29.6 billion traded on Hotspot in January, nears closing of CBOE transaction

Bats Global Markets, Inc. (Bats: BATS) reported January volume and highlights, which included average daily notional value of $29.6 billion traded on Hotspot, its global spot FX trading platform, the highest ADNV in 11 months.

Additionally, average daily notional value traded on Hotspot’s London matching engine was $2.5 billion in January, equating to 8.5% of overall value traded on the platform, a new record.

Additional January 2017 Highlights:

  • The acquisition of Bats by CBOE Holdings, Inc. continued to move toward closing with Bats stockholders voting to adopt the merger agreement. The transaction, which is expected to close by the end of the first quarter of 2017, remains subject to other customary closing conditions.
  • Bats welcomed 13 new ETF listings to the Bats ETF Marketplace in January including eight transfers from Deutsche Bank and five new listings from new issuer QuantX. There are now 149 ETFs listed on Bats’ U.S. market from 25 issuers.
  • Bats maintained its position as the second-largest U.S. equities market operator with 19.3% market share, and maintained a strong position in U.S. ETF trading with 21.6% market share
  • Bats retained its position as the largest European stock exchange with 21.4% market share and the largest trade reporting facility with €357.7 billion reported to the BXTR European trade reporting facility for the month.
  • Bats reported 11.5% U.S. options market share, up from 10.1% a year prior, with strong single-leg equity options market share of 17.9%.
  • Recorded more than $105.9 billion of notional value per day touched by the Bats markets in January, including trades reported to the BXTR.

To see the complete January report, click here.

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