Bringing you live news and features since 2006 

BlackRock removes iShares ETFs from Bats and NYSE Arca pilot liquidity incentive programs

RELATED TOPICS​

BlackRock is removing its iShares ETFs from the Bats Competitive Liquidity Program (CLP) and the NYSE Arca ETP Incentive Program.

Both pilot programs are aimed at improving market quality and liquidity in less actively traded products. The decision to withdraw iShares ETFs follows assessments conducted by each of Bats, NYSE and iShares. The funds will be moving to the Lead Market Maker (LMM) programs at Bats and NYSE.

The following funds will be leaving the Bats Competitive Liquidity Program on 1 July 1 2016:

iShares B – Ca Rated Corporate Bond ETF (QLTC)
iShares Baa – Ba Rated Corporate Bond ETF (QLTB)
iShares Emerging Markets Corporate Bond ETF (CEMB)
iShares Emerging Markets High Yield Bond ETF (EMHY)
iShares Global ex USD High Yield Corporate Bond ETF (HYXU)
iShares Global High Yield Corporate Bond ETF (GHYG)
iShares Ultra Short-Term Bond ETF (ICSH)
iShares Morningstar Multi-Asset Income ETF (IYLD)
iShares MSCI Denmark Capped ETF (EDEN)
iShares MSCI Finland Capped ETF (EFNL)
iShares MSCI Germany Small-Cap ETF (EWGS)
iShares MSCI India Small-Cap ETF (SMIN)
iShares MSCI Norway Capped ETF (ENOR)
iShares MSCI United Kingdom Small-Cap ETF (EWUS)
iShares Short Maturity Bond ETF (NEAR)
iShares Convertible Bond ETF (ICVT)
iShares Short Maturity Municipal Bond ETF (MEAR)
iShares Edge U.S. Fixed Income Balanced Risk ETF (FIBR)
iShares MSCI Emerging Markets Horizon ETF (EMHZ)
The following funds will be leaving the NYSE Arca ETP Incentive Program on July 1 2016:
iShares MSCI ACWI Low Carbon Target ETF (CRBN)
iShares Asia/Pacific Dividend ETF (DVYA)
iShares Interest Rate Hedged High Yield Bond ETF (HYGH)

Leaving the CLP program may have positive or negative effects on the price and liquidity of the funds, which could affect investors' purchases and sales. iShares works closely with all market participants and partners to ensure products trade in the most efficient way possible.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by