iShares, a global provider of exchange-traded products, will list eight new ETFs on the BATS Exchange with the first ETF scheduled to commence trading on January 24.
BlackRock’s iShares will be the first ETFs to list with BATS Global Markets. BATS became a U.S. primary listings venue on December 2 of last year.
The iShares MSCI Norway Capped Investable Market Index Fund is scheduled to commence trading on BATS Exchange on January 24 and the remaining seven funds will begin trading soon after, according to BATS.
"iShares is one of the leading global providers of exchange-traded products and we are proud to kick off the new year by welcoming their new products to our market. The innovation and leadership that iShares brings to capital markets makes them the perfect partner for our first primary listings," Joe Ratterman, chairman and chief executive of BATS Global Markets, said in a statement.
"We’re pleased to be the first ETF provider to list products on BATS Exchange and believe it demonstrates our continued commitment to bringing clients the most innovative and highest quality products," said Noel Archard, global head of product development and management for iShares at BlackRock. "We appreciate the partnership and the innovative approach they are bringing to the market."
The iShares funds listing on BATS are based on MSCI indexes and are designed to provide investors an opportunity to access various international markets.
The eight funds listing on BATS Exchange include:
* iShares MSCI Norway Capped Investable Market Index Fund
* iShares MSCI Australia Small Cap Index Fund
* iShares MSCI Canada Small Cap Index Fund
* iShares MSCI Finland Capped Investable Market Index Fund
* iShares MSCI Germany Small Cap Index Fund
* iShares MSCI India Index Fund
* iShares MSCI India Small Cap Index Fund
* iShares MSCI United Kingdom Small Cap Index Fund
BATS is in discussions with other potential listers, Stacey Fleming told Traders Magazine. But due to the company’s impending initial public offering and requisite quiet period, she declined further comment.
Morgan Stanley, Citigroup and Credit Suisse Group are managing the IPO. BATS is owned by a consortium of firms including Bank of America, Citi, Credit Suisse and Getco.
