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BATS Hits 1 Billion Shares - Market Center Surpasses Mark As 2nd Anniversary Approaches

Date 23/01/2008

BATS Trading Inc.’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.

“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.