BATS Europe, the pan-European multilateral trading facility owned by Kansas-based exchange group BATS Global Markets, hit a new market share record in FTSE 100 stocks on Tuesday.
The MTF accounted for 6.87% of total FTSE 100 traded value according to its own figures. Its previous record was 6.40% on 17 June.
BATS Europe has enjoyed gains in FTSE 100 stocks recently due to its inverted price promotion for UK securities, which lasts until October. On 1 September, the first day of the promotion, it grabbed a 5.96% share of FTSE 100 trading, compared with an average of 4.11% the previous week.
The tariff rebates members 0.4 basis points for adding liquidity and charges 0.2 bps for removing liquidity. In addition, members that trade £50 million or more of UK stocks on the MTF during September will not be charged any fees for removing liquidity for that month.
This is the second such promotion BATS Europe has embarked upon since it launched. It offered inverted pricing for NYSE Euronext-listed stocks in June and July. During the promotion, BATS hit market share highs of 7.55% in the French CAC 40 index, 4.86% in the Belgian BEL 20 index and 5.44% of the Dutch AEX 25 index.