BATS Exchange, an innovative and technology leading U.S. securities exchange, reported November matched market share of 10.37% compared with 6.90% in November 2007.
The November data represents the first month of operation for BATS Exchange, which completed its transition from an ECN on Nov. 6.
BATS maintained a high level of market share as its quotes moved from the National Stock Exchange and ISE to being directly reflected in the consolidated tape with the BATS’ “Z” identifier. Despite showing some disruption due to this transition, BATS market share numbers are indicating continued rapid growth.
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