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Article: BATS Exchange Earns 11% Overall Matched Market Share in January; Maintains Strong #3 Ranking Among US Equity Markets.
- Article from:
- Business Wire
- Article date:
- February 3, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KANSAS CITY, Mo. -- BATS Exchange recorded its second-best month in its history in January, earning 11% of US matched market share to firmly remain the third largest cash equity market behind NYSE and Nasdaq.
"In calculating market share, BATS continues to measure volume actually executed on our book as opposed to the approach other market centers may use that include shares routed to other destinations," said BATS Chairman and CEO Joe Ratterman. "We nearly hit 13% matched market share late yesterday in the first day of trading in February and are gaining momentum as we seek to Make Markets Better for all industry participants.
"While NYSE and Nasdaq ...