BATS Global Markets welcomes fourth WisdomTree ETF to exchange

Nov 16th, 2015 | By | Category: ETF and Index News

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BATS Global Markets, a leading electronic stock exchange group, has welcomed another WisdomTree ETF to its US ETF platform. The WisdomTree Global SmallCap Dividend Fund (BATS: GSD) is the fourth ETF to be listed by WisdomTree on the exchange after three fund launches on 29 October 2015.

BATS Global Markets welcomes fourth WisdomTree ETF to be listed on their exchange

WisdomTree has listed a fourth ETF on BATS.

The WisdomTree Global SmallCap Dividend Fund offers exposure to a global range of dividend-paying small-capitalisation stocks that are weighted according to their relative dividend streams, the US dollar cash value of annual dividends relative to the selected index.

Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at BATS, commented: “We’re pleased to add another WisdomTree ETF to the BATS ETF Marketplace. We are excited to expand our partnership and will continue to work hard to deliver solid market quality for every product that lists on BATS.”

BATS offers a variety of programs and offerings designed to enhance market quality for issuers listed on BATS and market makers trading BATS-list ETFs, including the enhanced BATS Lead Market Maker (LMM) program. This program, which was rolled out in October is designed to further enhance the market quality of all ETPs listed on BATS, regardless of size or liquidity.

Unlike traditional market maker programs that target individual symbols, the BATS LMM program incentivizes market makers for their participation in BATS-listed ETPs, earning larger incentives for providing liquidity and reduced costs for removing liquidity in their assigned ETPs. LMMs also earn further economic incentives for making markets in additional ETP products listed on BATS.

The four US WisdomTree ETFs now available on BATS are:

WisdomTree Global SmallCap Dividend Fund (GSD)
WisdomTree Europe Local Recovery Fund (EZR)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
WisdomTree Global ex-US Hedged Real Estate Fund (HDRW)

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