BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced that the ProShares CDS North American HY Credit ETF (BATS: TYTE) and the ProShares CDS Short North American HY Credit ETF (BATS: WYDE) begin trading today on BATS Exchange.
The additions give ProShares, a premier provider of alternative exchange-traded funds, a total of seven ETF listings on BATS Exchange. The new ProShares ETFs seek to provide long or short exposure to the credit of North American high yield debt issuers.
The BATS Listings program offers ETF issuers a variety of service offerings, including Lead Market Maker (LMM) and Competitive Liquidity Provider (CLP) programs. The LMM and CLP offerings are designed to incent market makers to provide liquidity in less actively traded products to help strengthen their appeal as an investment alternative for retail and institutional investors. ProShares CDS North American HY Credit ETF and the ProShares CDS Short North American HY Credit ETF will participate in the issuer-sponsored BATS CLP program.
Additional information on the BATS Listings program, including the CLP Program and Listing Fees, is available on the BATS Listings website. Companies interested in learning more may contact BATS at listings@bats.com.
More information about the ProShares CDS North American HY Credit ETF and the ProShares CDS Short North American HY Credit ETF is available on the ProShares website.
