Trading venues operated by Chi-X Global in Asia picked up incremental market share last month, as overall volumes in the region showed a slight improvement.
Overall volumes in Asia reached US$1.14 trillion in September, compared to US$1.12 trillion the previous month and US$1.28 trillion in September 2011, according to data from Thomson Reuters Equity Market Share Reporter.
Chi-X Australia, which will celebrate its first anniversary at the end of this month, recorded a market share of 2.82% last month – compared to 2.51% in August – as it continued to siphon trading activity from the Australian Securities Exchange.
Total equity trading in Australia reached US$84.4 billion in September, higher than the US$77.13 billion recorded in August but far lower than the US$104.9 billion recorded in the same period last year.
Proprietary trading system (PTS) Chi-X Japan also experienced a month-on-month rise in market share in September to 2.14%, compared to 1.83% in August. Some of Chi-X’s gains appeared to come at the expense of SBI Japannext, which lost 0.73 percentage points of market share but remained the largest PTS at 3.36%. Total equity trading in Japan reached US$280 billion last month, down on September 2011’s total of US$341.1 billion.
Meantime, the National Stock Exchange, India’s biggest bourse, gained 1.4 percentage points of market share from the Bombay Stock Exchange (BSE), ending September with 84.2% compared to the BSE’s 15.8%.
Volumes were largely flat in China, Asia’s largest market, with trading activity reaching US$404.7 billion last month, compared to US$404.25 billion in August, while in Korea volumes rose by around US$19 billion month-on-month, recording a total of US$149.3 billion in September.