BATS October Market Share Rises, Volume Off

BATS Global Markets reported that the matched market share of its two national stock exchanges totaled 13.0 percent in October versus 12.4 percent in September. It’s the fourth month in a row topping the 12-percent mark.

 A year ago, its share was 12.1 percent.

Volume in October was down from September and lower than a year ago.

The exchange operator saw an average daily matched volume of 796.4 million shares during the month falling from the 806.5 million shares traded in September by 2 percent.

But that is still down 23.7 percent from a year ago. In October 2011, BATS saw an average daily matched volume of 1,044.6 million shares.

In October, BATS Options saw its matched market share rise to 3.6 percent, up from 3.5 percent in September and off from the 3.6 percent seen one year ago.  Average daily matched volume slumped to 535,288 from the 594,064 contracts traded in September. One year ago options volume was 650,680 contracts.

The BATS 1000 Index, a broad based U.S. equities market benchmark, ended the month down 206.39 points, or 1.2 percent higher, closing at 15,880.03.

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.