BATS Daily Equity Trading Volume Drops in February

BATS Global Markets said that its average daily matched volume was 727.4 million shares in February, dropping from the 754.3 million share level in January, and down from the 712.9 million shares that changed hands in December.

It is also down from one year ago, when 757.5 million shares changed hands. Compared to a year ago, volume is down 3.9 percent.

In February BATS matched market share of its two national stock exchanges totaled 11.1 percent. That is down from 11.7 percent in January.

A year ago, BATS’ two exchanges had an 11.1 percent share of trading in equities in the United States.

BATS is typically the first exchange operator to report its monthly market share and volume figures and as such can be used as an early indication of overall equities market volume.

In equities options, BATS Options saw its matched market share also rise to 4.0 percent in February from 3.9 percent in January and 3.5 percent in December. That is up 34.6 percent from the 2.8 percent seen one year ago. 

Average daily matched volume rose in February to 650,531 from 647,602 in January.

One year ago options volume was 483,306 contracts.

The BATS 1000 Index, a broad based U.S. equities market benchmark, ended the month up 1,142.7 points, or 7.1 percent higher, closing at 17,116.32 vs 15,973.62 in January.

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.