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BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today announced that three new ETFs from WisdomTree, one of the world’s leading ETF sponsors and asset managers, began trading today on BATS Exchange.
These three new ETFs are the first WisdomTree ETFs to list on BATS:
- WisdomTree Europe Local Recovery Fund (BATS: EZR)
- WisdomTree Strong Dollar Emerging Markets Equity Fund (BATS: EMSD)
- WisdomTree Global ex-U.S. Hedged Real Estate Fund (BATS: HDRW)
“As a global leader in the ETF industry, WisdomTree has a track record of creating successful products that span asset classes and help investors around the globe meet their investment goals,” said Bryan Harkins, Executive Vice President and Head of U.S. Markets at BATS. “We are excited about the continued momentum of our ETF listings business and we are proud to partner with an innovative thought-leader like WisdomTree.”
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at BATS added, “We are excited WisdomTree has selected BATS as the listing venue for these three new ETFs and we look forward to a strong relationship. Through our innovative market maker and issuer incentive programs, we are focused on making markets better for today’s ETF issuers.”
BATS ranks as the top exchange operator for ETF trading with the BATS Exchanges – BYX, BZX, EGDA, EDGX – executing 28.2% of all ETF trading in September. BATS has been the #1 U.S. market for ETF trading for every month of 2015 and the #2 U.S. market for overall equities trading.
On October 1st, BATS launched the BATS ETF Marketplace, underscoring the company’s unique commitment to the listing and trading of exchange-traded products. With the initiative, BATS introduced the innovative BATS ETF Issuer Incentive and BATS Lead Market Maker programs.
The BATS Issuer Incentive program allows issuers to benefit from listing on BATS by receiving an annual payment for each BATS listing exceeding consolidated average daily volume of 1 million shares per day. The BATS Lead Market Maker (LMM) program incentivizes market makers for their participation in BATS-listed ETPs, earning larger incentives for providing liquidity and reduced costs for removing liquidity in their assigned ETPs. LMMs also earn further economic incentives for making markets in additional ETP products listed on BATS.
ETF issuers interested in joining the many firms listing on BATS may email listings@bats.com.
