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