KANSAS CITY, Mo. & NEW YORK--(BUSINESS WIRE)--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed the WisdomTree Global SmallCap Dividend Fund (BATS: GSD), which began trading today on the BATS ETF Marketplace.
The WisdomTree Global SmallCap Dividend Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global SmallCap Dividend Index. WisdomTree now has four ETFs listed on BATS, having listed their first three ETFs on October 29, 2015. Additional information about the new ETF is available on the WisdomTree website.
“We’re pleased to add another WisdomTree ETF to the BATS ETF Marketplace,” said Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at BATS. “We are excited to expand our partnership and will continue to work hard to deliver solid market quality for every product that lists on BATS.”
BATS offers a variety of programs and offerings designed to enhance market quality for issuers listed on BATS and market makers trading BATS-list ETFs, including the enhanced BATS Lead Market Maker (LMM) program. This program, which was rolled out on October 1st is designed to further enhance the market quality of all ETPs listed on BATS, regardless of size or liquidity. Unlike traditional market maker programs that target individual symbols, the BATS 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.
Additional information on the BATS LMM program and other offerings is available on the BATS ETF Marketplace website.
BATS ranks as the top exchange operator for ETF trading with the BATS Exchanges – BYX, BZX, EGDA, EDGX – executing 27.2% of all ETF trading in October. 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.
ETF issuers interested in joining the many firms listing on BATS may email email@example.com.
About BATS Global Markets, Inc.
BATS Global Markets, Inc., a leading global operator of exchanges and services for financial markets, is committed to Making Markets Better for traders, investors and issuers. In Europe, BATS operates the largest pan-European equities exchange, offering trading and listing services across 15 major European markets, as well as BXTR, the continent’s largest trade reporting facility. In the U.S., BATS operates four stock exchanges – BZX, BYX, EDGX and EDGA – and regularly ranks as the top market for ETF and retail-driven liquidity. The company is a listing venue for ETFs and other structured products, also operates two U.S. equity options markets – BATS BZX Options and BATS EDGX Options. Globally, BATS serves the foreign exchange (FX) market, the world’s largest asset class, with Hotspot, a leading institutional spot foreign exchange market. With its world-class technology and relentless customer focus, BATS strives to bring efficiency, transparency and fairness to market participants. The company is headquartered in Kansas City with offices in New York, London, Chicago and Singapore. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.
BATS and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. You cannot invest directly in an index. This press release speaks only as of this date. BATS disclaims any duty to update the information herein.