BATS Global markets reached a record 13% market share of US equity trading volume in October.
This is the first time the securities markets operator, which runs venues across the US and Europe, has reached the 13% figures in its seven-year history.
BATS BZX Exchange, the larger of its two venues, reached 10.84% of market share for October, with US$427.5 billion traded, building on a strong performance in September of 10.31% market share and US$378.9 billion traded.
Sister venue BATS BYX fell slightly from a September high of 3.3% to 3.27% in October with US$129 billion traded, while equity volumes were up for US venues against last month, with a combined total of US$3.942 trillion, a slight rise on August’s US$3.674 trillion.
“We attribute our continued market share growth to our strong market quality, price improvement metrics and diverse membership case, which we believe are vital to a growing and healthy market place,” said Joe Ratterman, president and CEO of BATS.
Ratterman said his firm’s risk management tools are a central reason why volumes continue to rise, specifically in the risk management area.
“We also remain engaged with the industry in the US and Europe on the potential development of exchange-specific or market-wide risk controls that could improve the functioning and investor confidence of our markets,” Ratterman said.