BATS ETF Marketplace just landed four new ETF listings from rival NYSE Arca.
ProShares, a provider of ETFs, will transfer four NYSE Arca-listed ETFs to BATS on or about December 15, 2015.
The following ETFs will switch their listing to The BATS ETF Marketplace on or about December 15, 2015. Each fund will list on BATS under the same ticker symbol. No action is needed by current shareholders.
ProShares Large Cap Core Plus (CSM)
ProShares Russell 2000 Dividend Growers ETF (SMDV)
ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL)
ProShares Morningstar Alternatives Solution ETF (ALTS)
The ETFs will have one Lead Market Maker assigned to maintaining a continuous two-sided quote inclusive of minimum quote standards. The solicitation and assignment of the BATS Lead Market Maker(s) for each of these ETFs is expected to be completed shortly.
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, in a release. 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.
According to BATS, it 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.
With the transfer of these four ETFs, ProShares will have 11 ETFs listed on The BATS ETF Marketplace.
