bats sucks on limts. the market must move right threw you to get a fill. i used some last month to capture the increased rebate for the month. now with that gone i'd never use.
BATS managed to capture over 10% of the trading volume on NASDAQ-listed securities in January, so now they are trying to muscle in on the trade in NYSE and regional listings. Today, BATS traded 9 million shares of NYSE-listed securities. It's not much, but they have to start somewhere. Also, on a stock I was trading today, I saw BATS getting hit before limit orders on other ECNs posted earlier, so to say that you can only get hit on a level break is a lie.
anyone know where, or if, market share (daily, weekly or monthly) for listed & otc stocks is published? nasdaq used to publish this when arca & isld were each about 25%.