.jpg)
BATS Chi-X Europe today announced that the iShares MSCI Emerging Markets UCITS ETF (Ticker: IEEM) and the iShares MSCI World Minimum Volatility UCITS ETF (Ticker: MVOL) will begin trading as secondary listings on BATS Chi-X Europe’s Regulated Market on Monday 18th November 2013.
iShares is the exchange-traded funds (ETF) platform of BlackRock, the global asset manager. BATS Chi-X Europe is the largest pan-European equities exchange by market share and notional value traded.
BATS Chi-X Europe CEO Mark Hemsley said “We are delighted to welcome iShares as the inaugural issuer for our pan-European listings service offering these ETFs to our market participants across the pan-European trading community.
“As we continue to build our pan-European listings business, we will work with issuers and market participants towards the goals of improving liquidity and transparency in exchange-traded products throughout the European market,” he added.
BATS Chi-X Europe is implementing initiatives targeted at enhancing the European ETF market as part of its efforts to deliver an efficient, borderless pan-European capital market. The BATS Chi-X Europe listings programme offers many benefits to market participants including:
- Pan-European reach and participation allows a diverse set of investors access to the ETFs listed on BATS Chi-X Europe.
- Incentive schemes to attract liquidity providers and order flow including a Competitive Liquidity Provider (CLP) program that is designed to incentivise market makers to provide the quality of order books required to attract a diverse range of investors to issuers’ products
- Smart Order Routing to provide customers with the ability to achieve best price across venues
- A range of competitive trade reporting facilities to promote transparency
As a Recognised Investment Exchange, BATS Chi-X Europe is authorised to operate a Regulated Market for primary and secondary listings alongside its existing business. BATS Chi-X Europe was granted RIE status by the Financial Conduct Authority in May 2013.
Additional information on the BATS Chi-X Europe’s listings, CLP program and ETF strategy are available on the www.batstrading.co.uk/etfs
Companies interested in learning more about BATS Chi-X Europe listings may email SalesEurope@bats.com.
