On 24 July BATS Trading’s electronic communications network (ECN)’s daily trading volume passed the 500-share mark for the first time, with more than 531 million shares traded. All figures are single-counted, matched plus routed.
“We are proud to hit this major milestone and thank our subscribers and coalition of investors for their belief in the BATS system,” says Joe Ratterman, BATS Trading’s chief executive. “As we continue our push towards exchange status and 1 billion shares a day, we pledge to continue on our mission of making markets better.”
BATS first surpassed 400 million shares on 27 June. The ECN was launched on 27 January 2006.