Nasdaq’s portion of US equity trading volume reached a record last month as its share of New York Stock Exchange listed securities continued to grow amid attacks on both exchanges’ volumes from alternative trading venues, Financial News reports.
In August Nasdaq’s matched market share of all US equity share volume was 30.4 percent, which it said was more than any other US exchange for the fourth consecutive month. Nasdaq’s matched volume in all US securities was 51.8 billion shares, 88 percent higher than in August last year.
Matched market share represents trades executed on Nasdaq and excludes those routed to other markets.
Nasdaq’s matched market share in NYSE-listed securities grew to a record 19.3 percent, compared to 12.5 percent a year ago.
Brian Hyndman, senior vice president of Nasdaq transaction services, said the increase in NYSE share was due to Nasdaq’s improved technology since its acquisition of the Inet platform in 2005 and a change in some order types.