BATS Equities Market Share Jumps, Options Rise Too
Traders Magazine Online News, May 2, 2012
BATS Global Markets reported its U.S. equities matched market share totaled 11.5 percent in April, rising from 10.9 percent in March, and jumping up from 10.6 percent a year ago. The exchange operator saw an average daily matched volume of 746.7 million shares.
In March, BATS saw an average daily matched volume of 723.3 million shares.
In April, BATS Options saw its matched market share climb to 3.1 percent, up from 2.4 percent in March. Average daily matched volume skyrocketed up 17.5 percent in April with 488,878 contracts traded.
The options exchange had an average daily matched volume of 504,062 contracts one year ago. Its market share was the same 3.1 percent it was last month.
Additionally, BATS Chi-X Europe successfully completed the migration of the Chi-X Europe order books to the BATS technology platform on April 30. The exchange also launched seven new exchange-traded funds, bringing the total number of ETFs that trade on it to 16.
The BATS 1000 Index ended the month down 44.83 points, or 0.3 percent, to close at 15,822.13.
BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange; as well as BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA-authorized multilateral trading facilities.
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