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NYSE Surpassed as Biggest U.S. Market Owner by Merging Upstarts

IntercontinentalExchange Group Inc.’s U.S. stock markets were pushed out of first place yesterday by Bats Global Markets Inc. and Direct Edge Holdings Inc., two exchange operators in the process of merging.

The three ICE venues including the New York Stock Exchange handled 21.8 percent of U.S. trading volume yesterday, trailing the 21.9 percent routed to the four exchanges that Bats and Direct Edge own, according to data compiled by Bloomberg. It’s the third time the NYSE markets lost since Bats and Direct Edge agreed to merge in August, the data show.