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Bats launches liquidity management provider program

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Bats Global Markets has launched the Liquidity Management Provider (LMP) Program on The Bats ETF Marketplace, further incentivising liquidity providers trading ETPs on Bats.

The LMP Program, which was filed with the Securities and Exchange Commission on May 12th, rewards liquidity providers based on their quoting quality in LMP Securities. The list of securities includes all Bats-listed ETPs and certain non-Bats-listed ETPs.

“As the No1 US market for the trading of ETPs, we are pleased to offer this initiative in partnership with our customers and issuers,” says Bryan Harkins, Executive Vice President, Head of US Markets, at Bats. “In addition to our existing Lead Market Maker Program, the LMP Program offers unique economic incentives tied to quoting activity.”

Liquidity providers must enroll to be an LMP for an eligible ETP and may participate as an LMP in multiple listings. Further program information is available on The Bats ETF Marketplace.

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