-- Two iShares ETFs to Mark First Listings on BATS Chi-X Europe
LONDON, Nov. 8, 2013 /PRNewswire/ -- 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.
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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.
About BATS Global Markets
BATS Global Markets, Inc. is a leading operator of securities markets in the U.S. and Europe. In the U.S., BATS operates two stock exchanges, the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and the BATS 1000 Index, an innovative U.S. equities market benchmark. The BATS BZX Exchange is a primary listings venue for exchange-traded products. In Europe, BATS Chi-X Europe, a Recognised Investment Exchange regulated by the UK Financial Conduct Authority, and the largest pan-European equities exchange by market share and value traded, offers trading in more than 3,000 equities across 25 indices and 15 major European markets and a listings venue for exchange-traded products. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.
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.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2013, BlackRock's AUM was $4.096 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of September 30, 2013, the firm had approximately 11,200 employees in 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com.
About iShares
iShares is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.
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