BATS March Daily Equity Trading Volume Down 2 Percent

BATS Global Markets said that its average daily matched volume was 1.37 billion shares in March, down from 1.40 billion in February.

However, it is up from one year ago, when 651.8 million shares changed hands. Compared to a year ago, volume is 110 percent higher.

In March BATS matched market share of its two national stock exchanges was 19.9 percent. That is off just slightly from 20.4 percent in February.

A year ago, BATS’ two exchanges had a 10.6 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.

For the month, average daily consolidated volume for the overall equities industry volume in the U.S. was 6.89 billion shares compared to 7.0 billion shares in February, according to BATS data.

In equities options, BATS Options saw its matched market share climb to 4.1 in March versus 3.6 in February. This is up 7.8 percent from the 3.8 percent level seen one year ago. Average daily matched volume rose in March to 684,939 compared to 633,287 in February.

One year ago options volume was 574,876 contracts.

The BATS 1000 Index, a broad based U.S. equities market benchmark, ended the month at 21,110.68 or up 130.93 points, or up 0.6 percent higher from February. The index closed one year ago at 17,773.47.

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.