Bringing you live news and features since 2006 

ProShares to remove four ETFs from Bats Competitive Liquidity programme

RELATED TOPICS​

ProShares is to remove four of its ETFs from the Bats Exchange Competitive Liquidity Providers (CLP) programme after market close on 30 September.

The funds will be moving to the Bats Lead Market Maker (LMM) programme on 3 October.
 
The four ETFs switching programmes are: Global Listed Private Equity ETF (PEX); Merger ETF (MRGR); CDS Short North American HY Credit ETF (WYDE); and Short Term USD Emerging Markets Bond ETF (EMSH).
 
The Bats CLP programme is designed to encourage quoting activity for Bats-listed securities. The payment of a CLP fee is intended to generate more quotes and trading than might otherwise exist. Under the LMM programme, the funds will have an exclusive lead market maker.
 
ProShares is removing the funds from the CLP programme because it expects they will be able to maintain trading liquidity in the LMM programme.
 
Leaving the CLP programme may have positive or negative effects on the price and liquidity of the funds, which could affect investors’ purchases and sales.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
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