As Chi-X Australia celebrates its first anniversary as the first venue to compete again the incumbent exchange, it recorded a day peak in market share, hitting 8.99%.
The 12 October high is evidence of the venue’s continued growth, which has led to trading turnover of A$17 billion for its entire year of operation.
Chi-X Australia opened on 31 October 2011 initially offering trading in six stocks, after first announcing its intention to launch in February 2008. The global financial crisis and a need to change rules in Australia to accommodate a competitive marketplace stalled the venue’s launch.
In Japan, SBI Japannext also enjoyed a jump in market share, reaching an October monthly total of 963.7 billion yen and monthly growth of 25.2%. The venue also hit a daily average of 43.8 billion yen, 4.2% of overall equity market flow.
The figures were helped by uptake of Japannext's new INET X-stream trading platform, which has improved latency, and exemption status for the Financial
Services Agency last Friday, which motioned that proprietary trading systems would no longer be included under the country's 5% take-over-bid rule.
Meanwhile, in Europe, BATS Chi-X Europe showed the first sign of growth after a four consecutive months of declining market share figures, ending October with 18.6% of market share, a rise on September’s 17.6% according to Thomson Reuters equity market share reporter.
Dark volumes continued to climb in Europe overall, with total figures for dark multilateral trading facilities (MFT) October reaching just shy of €28 billion, up from the previous month’s total of €26.2 billion.
UBS MTF, which celebrated its second anniversary in October, gained the highest proportion of dark trading market share with 21.2%, with Chi-X Europe, which lead the previous month, reaching 20%, marking the third month running the two had swapped pole position as the leading European dark pool.