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Why is the volume on BATS lower than other exchanges?

BATS trading represents approximately 6 - 7% of US market activity. The BATS volume reflects the volume of trades performed only on BATS, and does not reflect trades executed on other venues, such as Nasdaq or NYSE. As a result, the BATS trading volume will not match the composite volume of all trades that occurred on all exchanges. If you suspect our BATS data might be incorrect, please verify prices against theĀ BATS website.

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