New ETFs Begin Trading on BATS Exchange ….
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Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at BATS
BATS Global Markets (BATS), the leading U.S. market for the trading of exchange-traded funds (ETFs), 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.
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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