BUSINESS WIRE — Kansas City — Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for the trading of exchange-traded products (“ETPs”), today launches the Liquidity Management Provider (“LMP”) Program on The Bats ETF Marketplace, further incentivizing 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 #1 U.S. market for the trading of ETPs, we are pleased to offer this initiative in partnership with our customers and issuers,” said Bryan Harkins, Executive Vice President, Head of U.S. 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.
ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.
About Bats Global Markets, Inc.
Bats Global Markets, Inc. (Bats: BATS) is a leading global operator of exchanges and services for financial markets, dedicated to Making Markets Better. Bats is the second-largest stock exchange operator in the U.S., operates the largest stock exchange and trade reporting facility in Europe, and the #1 market globally for ETF trading.
