The non-displayed book operated by pan-European multilateral trading facility (MTF) BATS Europe passed the €100 million turnover mark for the first time on 21 April, trading €100,758,149.
The new milestone for BATS Europe’s dark pool follows a number of market share records set by the MTF’s lit book the previous week. According to BATS’ own figures. It had an 11.7% market share of trading in the FTSE 100 UK blue-chip index on 12 April, 8.7% of the FTSE 250 on 14 April, 9.7% of the Swiss SMI blue-chip index also on 14 April and 6.1% of the OMXH25 Finnish blue-chip index on 16 April.
“We’re pleased to continue a record-setting year and that our increasing number of participants are benefitting from the great technology and aggressive simple pricing in our dark and integrated markets,” said BATS Europe COO Paul O’Donnell in a statement.
BATS Europe launched its mid-point matching dark book in August 2009. According to figures from data vendor Thomson Reuters, BATS Europe’s dark book was the fifth-largest non-displayed MTF in Europe in March 2010, with an 8.7% market share of the total value traded by the dark books that identify themselves to Thomson Reuters. Chi-X Europe’s dark book is the largest, with a 29.4% market share, Liquidnet is the second with 19.1% and Turquoise the third with 15.5%.