Continuing a trend of what we believe will be volume declines at many of the leading retail and institutional FX platforms this month, the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS) has reported that volumes averaged $26.2 billion per day in July - down 9% from June's $28.8 billion ADV. We'd note in making the comparison,…
Read moreGlobal exchanges operator Bats Global Markets, Inc. (Bats: BATS) has welcomed ARK Investment Management and The 3D Printing ETF (Bats: PRNT) to the Bats ETF Marketplace. PRNT is the first, and only, ETF in the U.S. to focus solely on the 3D printing ecosystem. The fund seeks to provide investment results that closely correspond, before fees…
Read moreGlobal exchanges operator Bats Global Markets, Inc. (BATS:BATS), today reported June data and highlights, including record market share for its U.S. Options business. Bats reported 11.7% U.S. Options market share, up from 9.7% a year ago, and was also the market leader in single-leg equity options trades with 19.0% market share, a new record for…
Read moreThe Bats Community Policing Program establishes a “Walking the Beat” process of engaging directly with the trading community.
Read moreContinuing a parade of what we believe will be very healthy trading volume reports for June by both retail and institutional FX platforms, the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS) has reported that volumes averaged $28.8 billion per day in June - up 23% over May. (Although we'd note that May was a…
Read moreGlobal exchanges operator Bats Global Markets, Inc. (BATS:BATS) has announced that it has successfully completed the refinancing of the company’s outstanding $656 million of term loans and $100 million revolving credit facility, with $650 million of new seven-year term loans and a new $100 million three-yearrevolving credit facility. As part of the refinancing, Bats will record a pretax charge…
Read moreThree seems to be the magic number when it comes to Brexit. Or more specifically, the effect that the Brexit vote result had on FX trading volumes. After seeing a similar three-times-normal volumes result reported for Friday at institutional eFX platforms FastMatch and the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS), industry leader Thomson Reuters…
Read moreOne of the big winners from the post-Brexit panic of trading were institutional Forex ECN platforms, which saw a huge ramp-up in trading volumes on Friday in the aftermath of the VoteLeave victory in the UK Brexit referendum. Thankfully these ECNs - whose income is directly linked to volumes - seemed to operate in a…
Read moreFinancial exchange operator Bats Global Markets Inc (BATS:BATS) has announced that, alongside its Hotspot FX institutional forex division, it plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016. Bats plans for the new market to operate as an anonymous order book, utilizing the Hotspot FX matching engine which migrated to…
Read moreKansas City based financial exchanges operator Bats Global Markets Inc (BATS:BATS) has announced that its European arm, Bats Europe, is launching a UK-focused benchmark index series. Bats will launch 18 different indices covering large to small cap securities and 12 industry sectors. The indices were developed in consultation with investors and index users, to offer a robust and…
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