Industry Facts
Did you know?
- There are currently 13 registered stock exchanges operating in the U.S. BATS operates two of those exchanges - the BATS BZX Exchange and BYX Exchange.
- The first stock exchange in the U.S. was the Philadelphia Stock Exchange, founded in 1790.
- The Buttonwood Agreement, which essentially started the New York Stock Exchange, was signed in May 1792 when 24 brokers and merchants met on Wall Street in New York and agreed to allow securities to be traded on a commission basis.
- On an average daily basis, more than $250 billion worth of stock (notional value) is traded on U.S. exchanges, including more than $35 billion on the BATS BZX Exchange and BYX Exchange.
- On March 13, 1933, the Dow Jones Industrial Average advanced 15.34%, the largest one-day percentage gain in history.
- On October 19, 1987 (also known as Black Monday), the Dow Jones Industrial Average declined 22.61%, the largest one-day percentage loss in history.
- In 2005, the Securities and Exchange Commission, which regulates financial markets, passed Regulation National Market System (Reg NMS) to improve fairness in stock price execution and foster competition among stock trading venues. Reg NMS resulted in a dramatic shift to electronic trading.
- BATS is currently the third-largest equities exchange operator in the world behind NYSE Euronext and Nasdaq OMX in terms of value of shares traded, and well ahead of competitors in Tokyo, China, London and Germany.1
- In September 2012, BATS' three equities market centers all ranked among the largest in the world, in terms of notional value traded: the BZX Exchange was ranked #4, BATs Chi-X Europe was ranked #11, and The BYX Exchange was ranked #11.1
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