BATS Flexes Trading Muscle in October

Market-share records continue to fall, both domestically and in Europe, for Lenexa-based BATS Global Markets, which became the world’s largest trading platform earlier this year.

The company today announced October market share of 21.4 percent in U.S. equities trading and 6.5 percent in U.S. options trading, and its best month of 2014 with 22.3 percent in European equities market share.

The 21.4 percent share in U.S. equities was up sharply from the previous record of 20.7 percent in April, and the 70-basis-point improvement in options trading broke the previous record set in September, giving BATS three straight months of record market share for its options division.

The company also said its October highlights included one-day market share record of 7.8 percent in options trading, set Oct. 27, and had 7.82 billion shares in averaged daily consolidated volume across its four equities trading platforms. The company also added two U.S. listings to its BZX Exchange in October. The iShares MSCI Emerging Markets Horizon ETF and the ValueShares U.S. Quantitative Value ETF.

BATS official said the company remains on schedule to largely complete its acquisition of the Direct Edge trading platform by January.