KANSAS CITY, Mo. & NEW YORK--(BUSINESS WIRE)--Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today named Dave Nadig CEO of the company’s ETF.com division as he rejoins the firm where he played a leadership role from 2008-2015.
With more than 20 years of experience, Mr. Nadig is widely recognized as a leading ETF expert with deep market expertise and long track record in product development and marketing. In his previous tenure as ETF.com’s Chief Investment Officer, he was a highly influential columnist and thought leader, while also building the company’s ETF data and analytics platform and developing new methodologies for analyzing and rating ETFs. He replaces current CEO David Lichtblau who will be leaving ETF.com at the end of the year to pursue other interests
“We‘re excited for Dave to leverage his unique abilities to propel ETF.com forward, strengthening our reputation as a leading provider of ETF data, news and analysis,” said Bryan Harkins, Executive Vice President and Head of U.S. Markets and Global FX at Bats. “We would also like to thank David Lichtblau for his dedicated service to the organization, both as CEO and, previously, as chief operating officer. And we wish him well in his future endeavors.”
Mr. Nadig said, “It’s an honor to return to ETF.com, and I’m eager to work with the team to further cement its place as the leading source for ETF news and analysis. As ETFs continue to grow in popularity, it’s important that we at ETF.com strive to provide the most complete, unique, independent and forward-looking content possible. That improves outcomes for all classes of investors.”
He rejoins ETF.com November 21th and reports to Bats Senior Vice President, Global Head of Exchange Traded Products, Laura Morrison.
Ms. Morrison said, “I’ve known Dave for many years and have always admired his innovative spirit and his dedication to the ETF industry. I am eager to work with him and the entire team at ETF.com during this pivotal time.”
Most recently, Mr. Nadig worked at FactSet Research Systems, leading FactSet’s entry into the ETF data market and managing the integration of the ETF.com data and analytics business into the FactSet global architecture. FactSet purchased that part of the ETF.com business in 2015, prior to the Bats purchase of the ETF.com website and flagship publication ETF Report.
His previous experience includes leadership roles at Barclays Global Investors and dot-com era internet mutual fund, MetaMarkets.com. He also co-founded the consultancy Cerulli Associates. He holds a BA from the University of Massachusetts and an MBA from Boston University.
Founded in 2001, ETF.com provides independent and authoritative news, analysis, data and education about ETFs. The insight and analysis on ETF.com dovetails with the proprietary market data and analytics Bats offers to help market participants make educated trading and investment decisions.
Bats executed 23.7% of U.S. ETF trading in October and has been the #1 U.S. market for ETF trading and the #2 U.S. market for overall equities trading for every month of 2016.
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 email@example.com.
About Bats Global Markets, Inc.
Bats Global Markets, Inc., is a leading global operator of exchanges and services for financial markets, dedicated to Making Markets Better. We are the second-largest stock exchange operator in the U.S., operate the largest stock exchange and trade reporting facility in Europe, and are the #1 market globally for ETF trading. We also operate two fast-growing U.S. options exchanges. In the global foreign exchange market, we operate Hotspot, and ETF.com, a leading provider of ETF news, data and analysis, is a wholly-owned subsidiary. The company is headquartered in Kansas City with offices in New York, London, Chicago, San Francisco and Singapore. Visit bats.com and @BatsGlobal for more information.
This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes” and “expects.” Forward-looking statements are based on Bats’ current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our filings with the SEC, including our final prospectus filed pursuant to Rule 424(b) and our quarterly reports on Form 10-Q, under the caption “Risk Factors.”