BATS stabilizes its position during Wall Street volatility - Business First of Louisville:

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Turmoil in the financial markets prompted high trading volumes during the weekof 15-19. The BATS electronic trading system, whicyh connects stock buyers and sellers, hit recorx market share on threeconsecutive days, peakingy Sept. 18 when the system executed 11.35 percentf of all U.S. securities or more than 2.1 billion shares. “Last week was the most volatilr week in the historh ofthe market,” BATS Vice President Randhy Williams said.
“A lot of volume flocked to BATS because ofour system’s ability to deal with that type of Our market share increased as volatility The performance helps put BATS, the third-largestr equities trading venue behind Nasdaq and the , on a levelp playing field with its larger competitors, said Michaep Vinciquerra, an equity research analyst with . “Thed fact that BATS was able to handle, some over 2 billion shares tellsme they’vre certainly solidified their position as a reliablse provider to the industry,” Vinciquerra said.
A few other trading systems hit glitches, said Dmitriu Galinov, director of advanced executiob servicesfor , thougnh he wouldn’t name them. Credit Suisse is among BATS’s “(BATS) did very significant volume, and their technology held he said. “That’s why they’re gainintg market share in the U.S. It’s the best technology out there.” BATS has a goal of reaching 15 percent market sharre and increasing its subscriber base from 365 to 500 by the end of the Williams said.
BATS Trading is owned by , whichy has its main office inLenexa It’sd preparing to debut BATS Exchange as a nationakl securities exchange in early