BATS Exchange recorded its second-best month in its history in January, earning 11% of US matched market share to firmly remain the third largest cash equity market behind NYSE and Nasdaq.
“In calculating market share, BATS continues to measure volume actually executed on our book as opposed to the approach other market centers may use that include shares routed to other destinations,” said BATS Chairman and CEO Joe Ratterman. “We nearly hit 13% matched market share late yesterday in the first day of trading in February and are gaining momentum as we seek to Make Markets Better for all industry participants.
“While NYSE and Nasdaq hold the number 1 and number 2 positions just ahead of us, we have aspirations and plans to move BATS further up the rankings in the months and years ahead,” he said.
BATS Exchange also reported average matched volume in all U.S. securities of 1.037 billion shares, compared to 730 million shares in January 2008. The exchange also recorded a consecutive new record internal match rate of 91.81%.
January vital market share statistics for BATS include:- BATS average total handled volume was 1,129,095,348 shares daily
- BATS average matched volume was 1,037,004,706 shares daily
- BATS average internal match rate was 91.81% (new record)
- BATS matched market share for Tape A securities was 9.27% (2nd highest in firm history)
- BATS matched market share for Tape B securities was 15.40% (2nd highest in firm history)
- BATS matched market share for Tape C securities was 11.16% (3rd highest in firm history)
- BATS matched market share for all securities was 11% (2nd highest in firm history)
- BATS matched market share in terms of notional value, or dollar value traded, was 12.52%
Click here for full details.