ProShares TYTE and WYDE Begin Trading Thursday
KANSAS CITY, Mo.--(BUSINESS WIRE)--
BATS Global Markets (BATS), a leading operator of securities markets in
the U.S. and Europe, today announced that the ProShares
CDS North American HY Credit ETF (BATS: TYTE) and the ProShares
CDS Short North American HY Credit ETF (BATS: WYDE) begin trading
today on BATS Exchange.
The additions give ProShares, a premier provider of alternative
exchange-traded funds, a total of seven ETF listings on BATS Exchange.
The new ProShares ETFs seek to provide long or short exposure to the
credit of North American high yield debt issuers.
The BATS Listings program offers ETF issuers a variety of service
offerings, including Lead Market Maker (LMM) and Competitive Liquidity
Provider (CLP) programs. The LMM and CLP offerings are designed to
incent market makers to provide liquidity in less actively traded
products to help strengthen their appeal as an investment alternative
for retail and institutional investors. ProShares CDS North American HY
Credit ETF and the ProShares CDS Short North American HY Credit ETF will
participate in the issuer-sponsored BATS CLP program.
Additional information on the BATS Listings program, including the CLP
Program and Listing
Fees, is available on the BATS
Listings website. Companies interested in learning more may contact
BATS at email@example.com.
More information about the ProShares CDS North American HY Credit ETF
and the ProShares CDS Short North American HY Credit ETF is available on
About BATS Global Markets, Inc.
BATS Global Markets, Inc. is a leading global operator of securities
markets, committed to Making Markets Better for traders, investors and
issuers. In the U.S., BATS operates four stock exchanges – BZX, BYX,
EDGX and EDGA – and regularly ranks as the top market for ETF and
retail-driven liquidity. The company is an important listing venue for
ETFs and other structured products and also operates BATS Options, a
U.S. equity options market. In Europe, BATS operates the largest
pan-European equities exchange, offering trading and listing services
across 15 major European markets. With its world-class proprietary
technology and relentless customer focus, BATS strives to bring
efficiency, transparency and fairness to market participants. The
company is headquartered in Kansas City with offices in the New York
area and London. Further information on BATS can be found at www.bats.com
and by following us on Twitter @BATSGlobal.
BATS and its affiliates do not recommend or make any representation as
to possible benefits from any securities or investments, or third-party
products or services. Investors should undertake their own due diligence
regarding their securities and investment practices. This press release
speaks only as of this date. BATS disclaims any duty to update the
BATS Global Markets, Inc.
Jim Gorman, +1.201.942.8234
Source: BATS Global Markets, Inc.