iShares ETFs set for BATS Chi-X Europe debut

Nov 11th, 2013 | By | Category: ETF and Index News

BATS Chi-X Europe has announced that the iShares MSCI Emerging Markets UCITS ETF (IEEM) and iShares MSCI World Minimum Volatility UCITS ETF (MVOL) will begin trading as secondary listings on the exchange’s Regulated Market on Monday 18th November 2013.

iShares ETFs set for BATS Chi-X Europe debut

Mark Hemsley, CEO of BATS Chi-X Europe.

BATS Chi-X Europe is the largest pan-European equities exchange by market share and notional value traded.

In May 2013 the exchange was granted Recognised Investment Exchange (RIE) status by the Financial Conduct Authority, enabling it to operate a Regulated Market for primary and secondary listings.

iShares, the exchange-traded funds platform of investment giant BlackRock, is the first ETF provider to make use of this service.

Mark Hemsley, CEO of BATS Chi-X Europe, 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.”

He added: “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.”

The listings service is aimed at enhancing the ETF market in Europe by delivering an efficient, borderless pan-European capital market.

The listings service offers many benefits to market participants including: pan-European reach; incentive schemes to attract liquidity providers and order flow; smart order routing to provide customers with the ability to achieve best price across venues; and a range of competitive trade reporting facilities to promote transparency.

BATS Chi-X Europe is part of BATS Global Markets, headquartered in the Kansas City with additional offices in New York and London.

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