NASDAQ Sees Growth In Cash Equity Trading Volumes, Market Share In March

April 11th, 2017 by Trefis Team
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NASDAQ‘s (NASDAQ:NDAQ) cash equity trading volumes, which remained low over the past few months, saw a significant improvement in March with around 28.7 million shares traded in the U.S. market, in comparison to previous month’s 22.7 million shares. Despite a fairly volatile trading period in March last year due to an economic slowdown and oil price rally, the exchange’s daily trading volumes grew marginally. Moreover, the company’s market share improved by 40 basis points from the previous quarter to 17.6%. We believe the strengthening of the U.S. dollar and other macro factors contributed to increased volatility in the market, and consequently drove trading volumes.

The exchange’s European trading volumes, which were low throughout 2016 due to geopolitical turmoil, also saw improvement in March.

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However, NASDAQ’s volumes for the first quarter as a whole were 20% lower than last year’s comparable period. Moreover, the company’s stance on introducing “a speed bump” (a slight delay in order processing to eliminate undue advantages to high-frequency traders) could have an impact on its market share.

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