BATS Global Markets is keeping its momentum going as the exchange operator aims to become the premier listing destination for exchange traded funds. ProShares, the largest issuer of leveraged and inverse ETFs, said it is moving four ETFs to BATS, expanding an already robust on the Kansas-based exchange.
Maryland-based ProShares is moving the ProShares Large Cap Core Plus (NYSEArca: CSM), ProShares Russell 2000 Dividend Growers ETF (NYSEArca: SMDV), ProShares S&P MidCap 400 Dividend Aristocrats ETF (NYSEArca: REGL) and the ProShares Morningstar Alternatives Solution ETF (NYSEArca: ALTS) to BATS from the New York Stock Exchange.
“We are pleased that ProShares is moving these four important products to The BATS ETF Marketplace, becoming the first issuer to switch products to our market,” said Chris Concannon, CEO of BATS. “We believe this important transfer is a recognition of BATS exceptional market quality coupled with our client-focused approach that supports all the needs of our ETP issuers.”
BATS had the lowest effective spread in 46 of the top 100 ETPs in October and remained the top exchange operator for ETF trading with 27.2% 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, according to a statement.
BATS has attracted some listings from other well-known ETF providers in addition to being the listing venue of choice for providers behind several new ETFs. Recent new listings on BATS include ETFs from State Street and WisdomTree.