KANSAS CITY, Mo. & NEW YORK--(BUSINESS WIRE)--BATS Global Markets (BATS), the leading U.S. market for the trading of exchange-traded funds (ETFs), today welcomes a new issuer, Pacer ETFs, to its market with the launch of their three new exchange-traded funds (ETFs).
These new ETFs begin trading today on BATS Exchange:
- Pacer Trendpilot 750 ETF (BATS: PTLC) – Tracks the performance of the Pacer Wilshire U.S. Large-Cap Trendpilot Index.
- Pacer Trendpilot 450 ETF (BATS: PTMC) – Tracks the performance of the Pacer Wilshire U.S. Mid-Cap Trendpilot Index.
- Pacer Trendpilot 100 ETF (BATS: PTNQ) – Tracks the performance of the Pacer Nasdaq-100 Trendpilot Index.
“We are excited that Pacer has selected BATS Exchange as the ideal listing destination to bring their first ETFs to the U.S. capital markets,” said Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at BATS. “We are committed to becoming the ETF listings leader and partnering with innovative new issuers like Pacer keeps us true to our mission of Making Markets Better.”
“Over a short amount of time BATS has proven to be an industry force. We are excited to list with such a dynamic forward thinking company,” said Sean O’Hara, Director, Pacer ETFs.
BATS ranks as the top exchange operator for ETF trading with the BATS Exchanges – BYX, BZX, EGDA, EDGX – handling 26.1% of all ETF trading in May. BATS has been the #1 U.S. market for ETF trading for every month of 2015 while remaining the #2 U.S. market for overall equities trading.
BATS is also the leader in market quality for ETFs and, in May, the BATS U.S. equity exchanges had the lowest effective spread in 51 of the top 100 exchange-traded products, according to the BATS market quality statistics.
BATS does not charge an annual fee for issuers to list on BATS Exchange. Additionally, BATS is focused on improving market quality for every product that lists on the Exchange through the innovative Competitive Liquidity Provider (CLP) and Lead Market Maker (LMM) programs. The new Pacer ETFs are participating in the LMM program.
Additional information on the BATS Listings program is available on the BATS Listings website. ETF issuers interested in learning more may email listings@bats.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 a U.S. equity options market, BATS BZX Options, and is launching BATS EDGX Options later in 2015. 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.
Disclaimer
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. This press release speaks only as of this date. BATS disclaims any duty to update the information herein.
