Bats Global Markets, Inc. (Bats: BATS), a global exchange operator and provider of market data and other financial markets services, has reported net income of $28.5 million and adjusted earnings of $35.3 million for the third quarter ended September 30, 2016. Net income increased 13% and adjusted earnings rose 17% compared to the same period…
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Bats Global Markets, Inc. (Bats: BATS) today completed its acquisition of Javelin SEF, LLC (Javelin), a swap execution facility (SEF). The deal was announced on August 11, 2016 and received approval from the Commodity Futures Trading Commission (CFTC) on October 23, 2016. Javelin has been integrated with Bats Hotspot, the institutional FX trading platform, in…
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 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 moreHotspot, the ECN marketplace owned by BATS Global Markets, Inc. (BATS:BATS), saw little change in daily FX volumes in April 2016, as the average daily volumes amounted to $25.6 billion, up 0.4% from the level of $25.5 billion per day seen in March 2016. In annual terms, the comparison was gloomier, as the April 2016…
Read moreSeasonal factors took their toll on Hotspot FX trading volumes in March 2016, with weak trading activity on March 25th and March 28th weighing on the overall results. As a result, the eFX institutional platform of Bats reported a double-digit decrease in trading volumes for last month, following a solid February. Hotspot FX average daily…
Read moreLast month was one of the slowest volume months of the year for Forex...but data for December is showing a quick snap-back with plenty of events taking place in the last couple of weeks to finish the year strong for brokers and venues across the industry. It was widely reported on LeapRate the month of November was…
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