Jun 08, 2012
US equity trading hits year high
US equity trading volumes reached their highest volumes so far this year, although the market share of trading venues remained relatively unchanged month-to-month.
Total US trading in May was US$4.72 trillion, 13.8% higher than April’s total of US$4.14 trillion but marginally lower than May 2011’s total of US$4.74 trillion, according to figures from Thomson Reuters Equity Market Share reporter.
Trading reported to the alternative display facility, a reporting channel that contains trades conducted on electronic communications networks, dark pools and OTC trading, reached US$1.23 trillion (26.1% of total volumes) in May, slightly lower than April’s US$1.11 trillion (26.9% market share).
The trading venue with the biggest gain was Direct Edge, which traded 9.7% of US equity volumes across its EDGX and EDGA last month, compared to 9.1% in April.
Nasdaq OMX, which has been plagued by technical issues relating to the IPO of Facebook, lost 0.7% market share, ending May on 19.5%, while its main rival NYSE Euronext grew by 0.1% month-on-month to 26.6%. Third largest exchange BATS – which also operates two separate order books – recorded a market share of 12.8% in May, up from 12.4% in April.
Anish Puaar
+44 (0)20 7397 3817
anish.puaar@thetrade.ltd.uk