Bats Global Markets, Inc. (Bats: BATS), the #1 market globally for exchange-traded fund (ETF) trading, today welcomed VanEck as a U.S. issuer on The Bats ETF Marketplace, building upon the European relationship between the two companies.
Today, VanEck launched two funds - the VanEck Vectors™ AMT-Free 12-17 Year Municipal Index ETF (Bats: ITML) and the VanEck Vectors™ AMT-Free 6-8 Year Municipal Index ETF (Bats: ITMS) – adding to the four funds VanEck previously launched on Bats Europe, the region’s largest stock market.
The 12-17 Year issue seeks to replicate the price and yield performance of the Barclays AMT-Free 12-17 Year Intermediate Continuous Municipal Index, while the 6-8 Year fund seeks to replicate, the price and yield performance of the Barclays AMT-Free 6-8 Year Intermediate Continuous Municipal Index. Additional information is available at https://www.vaneck.com.
“With four products already trading on Bats in Europe, we are excited to welcome VanEck and their pioneering team as a U.S. issuer on the Bats ETF Marketplace,” said Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products, at Bats.
"We're very pleased to be adding ITML and ITMS to our suite of municipal bond ETF offerings," said Michael Cohick, Product Manager with VanEck. "We're also excited to be partnering with Bats in listing these funds, which will provide investors with targeted exposures to slices of the intermediate part of the municipal yield curve."
Bats executed 24.1% of U.S. ETF trading in August and has been the #1 U.S. market for ETF trading and the #1 U.S. market for continuous equities trading for every month of 2016. In addition, Bats has won 26% of all new U.S. ETF listings this year vs 9% for all of 2015.
There are now 17 issuers with a combined 99 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 the Bats website. ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.
