S&P 500
7,507.80
-0.22%
Dow Jones
51,595.40
-0.32%
Nasdaq 100
30,411.80
-0.23%
Russell 2000
2,975.48
-0.09%
FTSE 100
10,384.80
-0.34%
Nikkei 225
71,987.20
+0.02%

Banking, finance, and taxes

BATS Volume Gains Despite IPO SNAFU

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
BATS Global Markets was the worst of the worst of botched initial public offerings in recent financial history.  How bad is it when an exchange cannot adequately handle its own offering?  It was a disaster.  What is amazing is that the botched IPO has apparently not destroyed its use an alternative exchange.  The company is sending around media relations emails showing that the trading volume in April was one of its months ever as far as U.S. equity trading volumes.

The firm noted, “BATS reported one of the best U.S. equities months in its history, with 11.5% market share in April, up from 10.6% one year ago and 10.9% in March. The BATS BYX Exchange earned a new monthly market share record with 2.8% U.S. equities market share, and BATS Options reported 3.1% U.S. equity options market share, up from 2.4% in March.  Seven new exchange traded funds were launched on the BATS Exchange in April, bringing the total number of ETFs now listed on BATS Exchange to 16.”

The NYSE Euronext, Inc. (NYSE: NYX) and Nasdaq OMX Group Inc. (NASDAQ: NDAQ) may have to be alone as far as the publicly traded exchanges that trade U.S. equities.  BATS may keep its relevance in share volumes, but its chances of coming public have dwindled severely.

By the way, our inquiries never were answered over how many programmers and IT-workers were fired after that botched IPO.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

Bracing For BATS IPO This Week (BATS, NYX, NDAQ, CBOE)

A new exchange is coming to the world of public stock and financial market exchanges this week.  The initial public…

Douglas A. McIntyre |

BATS Plans The Other-Other IPO Market

BATS Exchange has been an almost stealth success in the world of trading stocks.  In about four years it now…

Jon C. Ogg |

Public Exchange Envy… BATS Files For IPO (NYX, NDAQ, CME, CBOE, ICE, BATS, BAC, C, CS, DB, JPM, MS)

The U.S. is about to get another electronic exchange listed as a public stock.  BATS Global Markets, Inc. wants to…

Douglas A. McIntyre |

The Unusual Suspects (HRB, TIVO, AAPL, AMLN, LLY, ALKS, PCX, BCE, MBT, QCOM, ZANE)

This week’s list of UNUSUAL SUSPECTS for stocks to watch is actually much different from what we have seen in…

Deutsche Bank Likes Exchanges and Online Brokers Into Upcoming Earnings
Lee Jackson |

Deutsche Bank Likes Exchanges and Online Brokers Into Upcoming Earnings

The exchanges and the online brokers traded down over the past month and may be offering investors a very good…

Jon C. Ogg |

BATS IPO To Heat Up Public Exchange Competition (NYX, NDAQ, CBOE)

NYSE Euronext (NYSE: NYX), NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) and CBOE Holdings, Inc. (NASDAQ: CBOE) are all about to have…

Goldman Sachs Is Bullish on These Capital Markets Stocks as Trading Volume Soars
Lee Jackson |

Goldman Sachs Is Bullish on These Capital Markets Stocks as Trading Volume Soars

These four top capital markets stocks offer solid upside to the Goldman Sachs target prices, and with all four paying…

Jon C. Ogg |

Carlyle Aims For Value In Private Equity IPO Pricing (CG, BX, APO, KKR)

Carlyle Group (NASDAQ: CG) is originally being viewed as a mixed debut for an initial public offering.  The market remains…

Douglas A. McIntyre |

ISE: Equity & Index Trading Volumes Still Soaring in March

The largest equity options exchange in the U.S based on volumes, International Securities Exchange Holdings (ISE), reported that March trading…

Top Gaining Stocks

CarMax
KMX • Vol: 7,330,419
Corning
GLW • Vol: 22,800,969
Intel
INTC • Vol: 233,719,006
Super Micro Computer
SMCI • Vol: 68,465,534
Enphase Energy
ENPH • Vol: 13,978,376

Top Losing Stocks

Accenture
ACN • Vol: 41,744,333
EPAM Systems
EPAM • Vol: 5,636,587
Cognizant
CTSH • Vol: 61,311,400
Coterra Energy
CTRA • Vol: 73,319,495
Kroger
KR • Vol: 26,704,230