BATS Trading on Tuesday said it aimed to capture 15-20 per cent of trading in the top 100 British stocks by the end of next year as the US-based venture prepares to become the latest alternative trading platform to take aim at Europe’s stock exchanges.

The target, set by Joe Ratterman, chief executive, comes as the region’s incumbents, including the London Stock Exchange, are preparing to tackle a wave of “multilateral trading facilities”.