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 a new issuer, Elkhorn Investments, to its U.S. market with the listing of the Elkhorn FTSE RAFI U.S. Equity Income ETF (BATS: ELKU).
“We are excited to welcome Elkhorn as a new issuer to The BATS ETF Marketplace,” said Laura Morrison, Senior Vice President and Global Head of Exchange-Traded Products at BATS. “We appreciate Elkhorn’s unique and strategic approach to designing ETFs and look forward to providing solid market quality for this new product.”
Elkhorn was founded by ETF industry pioneer Ben Fulton and the firm seeks to design innovative investment solutions for the ETF marketplace. Additional information regarding the new Elkhorn ETF is available at www.elkhorn.com.
BATS had the lowest effective spread in 64% of the top 50 ETPs in November and remained the top exchange operator for ETF trading with 26.5% market share for the month. 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.
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.
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.
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. 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.
