Bats Europe (Bats) is to expand its European index franchise with the planned launch of 18 new regional European benchmark indices, which include the Bats Eurozone 50, Bats Nordic 40 and Bats Europe All Companies.
The new indices, which are planned to launch on 19 June 2017, bring further choice to the index market in Europe, providing investors and market participants with a real-time, high-quality, low-cost alternative to existing benchmarks. The indices have performed closely in line with comparable benchmarks and are designed and managed under the same set of consistent Bats’ rules used to create all of Bats’ benchmark indices, valued using Bats’ own market data and utilising the same start date and base value. This allows users to easily and accurately compare market, region and sector performance across Europe.
Mark Hemsley (pictured), President of CBOE Europe, says: “We’ve built a very strong foundation for our indices business since our launch one year ago and have been encouraged by the positive response and support we have from market participants looking for a better solution for their indexing needs.”
Guy Simpkin, Head of Business Development, Bats Europe, says: “Launching these new regional benchmark indices enables us to provide customers with a single alternative solution to their benchmark needs across all European markets, with indices that are highly correlated with their peers, but systematic in approach and significantly less expensive to use.”
