Nasdaq Claims Market-Share Gain

The Nasdaq (NDAQ Quote) said it continues to gain market share in trading stocks listed on the New York Stock Exchange (NYX Quote).

The Nasdaq said Tuesday that 8.9% of trades of NYSE-listed stocks in June were executed on the Nasdaq, up from 8% in May. The report counted trades on all the Nasdaq's trading platforms, including the Nasdaq Market Center, Inet and Brut. Nasdaq's total market share, including NYSE-listed trades executed by brokers, rose to 23% from 21.9% in May.

Meanwhile the Nasdaq continues to defend its own market share. The company said its total market share of Nasdaq-listed stock trading rose to 77.9% in June from 77.2% in May. ...