BATS Global Markets said that U.S. equity average daily matched volume was 6.17 billion shares in November, plunging 21 percent from October’s level of 7.82 billion shares. September saw 1.22 billion shares, before counting Direct Edge trading volume.
However, it is up from one year ago when 5.90 billion shares changed hands. Compared to a year ago, volume is 27 percent higher.
In November matched market share of its two national stock exchanges dipped to 20.3, down from October’s 21.4 percent. September saw the exchanges grab 20.0 of the market.
A year ago, BATS’ two exchanges had a 10.0 percent shares trading in equities in the United States. That was prior to the acquisition of Direct Edge.
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 6.17 billion shares compared to 7.82 billion shares in October, according to BATS data.
In equities options, BATS Options saw its matched market share slip to 5.8 in November versus 6.5 in October and compared to 5.8 percent in September. Average daily matched volume dipped in November to 884,941 compared to 1,364,829 in October and the 983,019 contracts that were executed in September.
One year ago options volume was 424,573 contracts. This reflects pre-Direct Edge trading data.
The BATS 1000 Index, a broad based U.S. equities market benchmark, ended the month at 22,979.25 or jumping 433.03 points, or posting a 2.0 percent gain from October. The index closed one year ago at 20,281.10.
BATS operates four equities exchanges in the U.S., the EDGA, EDGX, BYX and BZX Exchanges; and the U.S. equity options market, BATS Options. In Europe, BATS operates Europe’s largest stock exchange by value traded, BATS Chi-X Europe.
