BATS Europe, an innovative and technology-leading European Multilateral Trading Facility (MTF), on 25 September recorded a new intraday market share record with more than 10% of the FTSE 100.
The fast-growing MTF also announced an aggressive maker/taker pricing tariff for its pan-European Integrated Book. From the 1st October until the 31st December, participants adding liquidity will be rebated 0.20 basis points, whilst participants removing liquidity will be charged 0.25 basis points, a reduction from the previous liquidity removal charge of 0.30 basis points.
“We are delighted to have reached this significant market share milestone, which is a proud moment for the BATS Europe team,” said Chief Executive Mark Hemsley. “Less than one year ago we launched the BATS Europe platform with expectations of becoming a leading alternative European trading destination and we thank our investors and participants for their support.”
“We have seen a tremendous response from existing and new participants during this summer’s pricing promotions. We want to reward their enthusiasm for trading at BATS Europe with continued aggressive pricing for the remainder of the year,” he said.
BATS Europe ended Friday with 8.50% of the index after the closing auction. Earlier this week, BATS Europe recorded a one-day record for pan-European notional value traded of more than €1.43 billion.
BATS Europe’s market share display page is at http://www.batstrading.co.uk/market_data/market_share/index/ and historical breakdowns by index and venue, including interactive graphs and charts, are available at http://www.batstrading.co.uk/market_data/venue/
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