Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ProShares Flies with BATS Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 11, 2012

ProShares Flies with BATS

News summary by MFWire's editors

ETF manager ProShares [profile] will list the ProShares Merger ETF  on BATS Exchange,  reports Trader Magazine.

ProShares is the second ETF issuer to jump onto the electronic exchange. BlackRock [profile] was the first with the iShares MSCI Norway Capped Investable Market Index Fund, which began trading on Jan. 24.  BlackRock now has 16 iShares ETFs listed on BATS.

Traders quotes BATS chief executive Chris Isaacson as saying that a potential draw for ProShares to the electronic exchange was its "Competitive Liquidity Program" (CLP), a rewards-based program designed to provide incentives to market makers to increase liquidity and create tighter quoted spreads for each BATS listing. Through the program, liquidity providers compete for a daily reward by posting competitive quotes in an exchange-traded product (ETP). Liquidity providers are rewarded based on their continuous daily quoted size at the NBBO in the securities for which they are registered CLPs, according to Traders.

. "We think the draw for ProShares to list was us was our Competitive Liquidity Program," Issacson is quoted in the article as saying. "The program has been effective at providing tighter spreads and more size at the national best bid and offer for issues listed at BATS."

ProShares also filed with the SEC to list three more ProShares ETFs BATS in 2013, Isaacson said.   

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use