Bats Global Markets’ first quarter results revealed a 35% increase in overall net revenues compared to the first quarter last year, a record for the exchange.
It reported net revenues in the first quarter this year totalled $112 million compared to $83 million in the same period last year.
Bats reported increases in sales across the business, with foreign exchange (FX) net revenues increasing 333% to $10 million compared to the first quarter last year.
The exchange also reported a slight increase in US equities market share to 21.3% compared to 20.8% in the first quarter last year.
Chief executive officer at Bats Global Markets, Chris Concannon, said the strong performance in the first quarter “was further evidence that our scale and low-cost operating model continues to successfully deliver positive financial results.”
Bats reported a slight decrease in its total operating expenses in the first quarter this year, totalling $49.6 million compared to $51.3 million in the same period last year.
Concannon concluded: “We set a quarterly earnings record while maintaining our leading market share positions in US equities, European equities, US options, ETFs and FX.”