BlackRock’s iShares Exchange Traded Funds (ETFs) business is to list eight new ETFs on BATS Exchange, marking BATS' first primary listings.
The iShares MSCI Norway Capped Investable Market Index Fund is scheduled to commence trading on BATS Exchange on January 24 and the remaining seven funds will begin trading soon after.
"iShares is one of the leading global providers of exchange-traded products and we are proud to kick off the new year by welcoming their new products to our market. The innovation and leadership that iShares brings to capital markets makes them the perfect partner for our first primary listings," says Joe Ratterman, Chairman and CEO of BATS Global Markets. "iShares' decision to list on BATS underscores the commitment that we are placing on ensuring our market is issuer-focused and concentrates on market quality."
"We're pleased to be the first ETF provider to list products on BATS Exchange and believe it demonstrates our continued commitment to bringing clients the most innovative and highest quality products," says Noel Archard (pictured), Global Head of Product Development & Management for iShares at BlackRock. "We appreciate the partnership and the innovative approach they are bringing to the market."
The iShares funds listing on BATS are based on MSCI indexes and are designed to provide investors an opportunity to access various international markets.