Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed a new Global X Fund to the Bats ETF Marketplace.
The Global X U.S. Infrastructure Development ETF (Bats: PAVE) seeks to provide investment results that correspond generally to the price and yield performance of the Indxx U.S. Infrastructure Development Index.
The fund holds a basket of companies involved in the maintenance and development of infrastructure projects, including those involved in construction & engineering; the production of materials and composites; the transportation of those materials; and the distribution of heavy machinery. Additional information is available here.
Year to date, Bats has welcomed 19 ETFs to its U.S. market. In the fourth quarter of 2016, Bats welcomed a total 34 ETFs from 13 providers.
Bats remained the largest exchange operator for U.S. ETF trading over 2016 and won 30% of all new U.S. ETF listings vs only 9% for 2015. Including transfers from competitor venues, Bats welcomed 85 ETF listings to its U.S. market, an increase of 145% over 2015. During the year, Bats won 17% of ETF switches.
There are now 156 ETFs listed on Bats ETF Marketplace, from 27 different issuers.
Additional information regarding listing and trading on the Bats ETF Marketplace is available on ETFMarketplace.com. ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.