The iShares MSCI Emerging Markets UCITS ETF and the iShares MSCI World Minimum Volatility UCITS ETF will begin trading as secondary listings on BATS Chi-X Europe’s Regulated Market on 18 November.
BATS Chi-X Europe chief executive Mark Hemsley (pictured) says: “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.
“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.”
BATS Chi-X Europe is implementing initiatives targeted at enhancing the European ETF market as part of its efforts to deliver an efficient, borderless pan-European capital market. The BATS Chi-X Europe listings programme offers many benefits to market participants including:
• Pan-European reach and participation allows a diverse set of investors access to the ETFs listed on BATS Chi-X Europe.
• Incentive schemes to attract liquidity providers and order flow including a Competitive Liquidity Provider (CLP) programme that is designed to incentivise market makers to provide the quality of order books required to attract a diverse range of investors to issuers’ products
• Smart order routing to provide customers with the ability to achieve best price across venues
• A range of competitive trade reporting facilities to promote transparency