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Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed PowerShares as a new issuer to the Bats ETF Marketplace with the launch of two factor-based funds.
The PowerShares S&P International Developed High Dividend Low Volatility Portfolio (Bats: IDHD) seeks investment results that generally correspond to the price and yield of the S&P EPAC Ex-Korea Low Volatility High Dividend Index. The PowerShares S&P SmallCap High Dividend Low Volatility Portfolio (Bats: XSHD) seeks investment results that generally correspond to the price and yield of the S&P SmallCap 600 Low Volatility High Dividend Index. Additional information is available here.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said, “PowerShares is one of the leading global providers of exchange-traded products and we are proud to welcome them as a new issuer. The innovation that PowerShares brings to capital markets makes them a wonderful addition to the thriving Bats ETF Marketplace.”
“We’re excited to bring two new factor ETFs to market with Bats. As the proliferation of ETFs is increasing, so is the value of creating unique strategies and supporting them with robust market services.” said Dan Draper, Global Head of PowerShares by Invesco.
Bats executed 23.7% of U.S. ETF trading in October and is the #1 U.S. market for ETF trading. In addition, the company has won 25% of all new U.S. ETF listings this year, through October, vs 9% for all of 2015.
As of today, there are 22 issuers with a combined 112 ETFs listed in the U.S. on the Bats ETF Marketplace.
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.
