Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

BATS Exchange Reports 10.92% Matched Market Share in March.


Matches Over $700 Billion in Notional Value for the Month

KANSAS CITY, Mo. -- Please replace the release dated April 2, 2009 with the following due to multiple revisions in the table.

The corrected release reads:

BATS EXCHANGE REPORTS 10.92% MATCHED MARKET SHARE IN MARCH

Matches Over $700 Billion in Notional Value for the Month

BATS Exchange, an innovative and technology leading U.S. stock exchange, today reported March matched market share of 10.92%, the 21stconsecutive increase from the same month in the previous year.

The record year-on-year performance dates to July 2007, one year after the company began publishing its market share information.

Also in the past month, BATS Exchange:

* Executed $712.6 billion in total matched transactions, $100 billion more than the previous month.

* Matched $31 billion more than the NYSE Floor.

* Recorded average matched volume in all U.S. securities of 1.346 billion shares per day, compared to 690 million shares in March 2008.

BATS' US matched market share for the month was 10.92% compared with 8.40% in March 2008 and a record of 11.39% in February 2009.

"We're proud to report another month of year-on-year market share gains," said BATS Chief Executive Joe Ratterman. "While the records we've set continue to make great headlines, we also look at our growth over the long haul and validation from our customers that the BATS system provides performance and innovation advantages that meet their trading needs, today and down the road.

"In just three years, BATS has gone from nonexistent to the world's third largest exchange with more than $700 billion in notional value traded in the month. We thank our members and investors for joining with us in our quest to Make Markets Better," he said.

March vital market share statistics for BATS include:

* BATS average total handled volume of 1,535,174,369 shares daily (includes odd-lots)

* BATS average matched volume of 1,346,011,122 shares daily (excludes odd-lots)

* BATS average internal match rate of 90.03%

* BATS matched market share for Tape A securities of 9.29%

* BATS matched market share for Tape B securities of 14.93%

* BATS matched market share for Tape C securities of 11.61%

* BATS matched market share for all securities of 10.92% (3rd highest month)

* BATS matched market share in notional value, or dollar value traded, of 13.33%

* BATS total notional value traded of $712,573,380,830 (excludes odd lots)

Taking the top 25 U.S. stocks, ranked by total volume traded in all U.S. markets, the BATS matched market share on a security by security basis for March was as follows:
[TABLE OMITTED]


About BATS

BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is one of the fastest growing, top tier equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS O Making Markets Better.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5932169&lang=en
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 3, 2009
Words:569
Previous Article:NYU Stern Nobel Laureate Robert Engle Forecasts High Market Volatility for Next 12 Months: Market Stability Not around the Corner.
Next Article:Downing Street Garage takes the Mystery out of Car Care by offering Free Car Care Classes for Women!

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles