A reduced market share in London did little to spoil a rosier picture across Europe for stock exchange BATS Chi-X, according to figures released today.
BATS Chi-X today confirmed it achieved pan-European market share of 23.4%, according to data for July.
However, market share for the London market overall – which includes trading in FTSE 100 and FTSE 250 securities – was down from 23.4% in July 2014 to 22.8% for July this year.
In a statement to the market, BATS said its systems were responsible for more than 38% of all European equity trades in July, however.
More specifically, the company said that year on year market share in German stocks was up 3 percentage points from 24.1% to 27.1%.
The company’s market share accounted for more than a fifth of all trades in total in French (26.5%), Dutch (24.4%) and Belgian 23.8%) stocks during the month of July. The company’s share in Portuguese stocks was markedly lower, however, at just 17.1%.
BATS continues to perform well in the Nordic market with average of 24% market share across the four markets in the region with trading notably strong in Helsinki.
BATS claimed almost a third of market share from Finnish trading (30.2%) during the month of July.