Bats passes one billion share milestone
24 January 2008 | 1926 views | 0
Source: Bats Trading
Bats Trading's ECN set a daily volume record Wednesday with more than 1 billion shares traded for the first time, finishing with more than 1.18 billion shares.
As of 4 p.m. ET, BATS had touched roughly 11.3% of all Nasdaq-listed volume, 10.4% of Amex-listed volume and 8.0% of NYSE-listed. The company launched its trading platform Jan. 27, 2006.
"This is a proud moment in BATS' history," said Chief Executive Joe Ratterman. "Less than two years ago we launched the BATS platform with expectations of becoming the leading alternative to NYSE and Nasdaq and we thank our investors and subscribers for their support.
"As we move towards exchange status, we will continue doing all we can to make markets better," he said.
BATS previous record was 975 million shares traded, recorded yesterday. All figures are single-counted, matched plus routed.