Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Global X as a new issuer to the Bats ETF Marketplace.
The Global X Founder-Run Companies ETF (Bats: BOSS) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive
U.S. Founder-Run Companies Index. Additional information is available here.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said: “Evidence suggests that founder-led companies tend to be more innovative, nimble, and more focused on long term success than the average firm.
Rather than needing to identify and invest in those stocks individually, BOSS allows investors to efficiently access a basket of these founder-run companies.”
In January, Bats welcomed 13 ETFs to its U.S. market. In the fourth quarter of 2016, Bats welcomed a total 34 ETFs from 13 providers.
Bats remained the largest exchange operator for U.S. ETF trading over 2016 and won 30% of all new U.S. ETF listings vs only 9% for 2015. Including transfers from competitor venues, Bats welcomed 85 ETF listings to its U.S. market, an increase of 145% over 2015. During the year, Bats won 17% of ETF switches.
There are now 151 ETFs listed on Bats ETF Marketplace, from 27 different issuers.
Additional information regarding listing and trading on the Bats ETF Marketplace is available on ETFMarketplace.com. ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.
