This week Bats Global Markets, Inc.(Bats: BATS) makes another entry to its Bats ETF Marketplace with Global X as a new issuer.
The Global X Founder-Run Companies ETF (Bats: BOSS) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive U.S. Founder-Run Companies Index.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
Evidence suggests that founder-led companies tend to be more innovative, nimble, and more focused on long term success than the average firm.
Rather than needing to identify and invest in those stocks individually, BOSS allows investors to efficiently access a basket of these founder-run companies.
In January, Bats welcomed 13 ETFs to its U.S. market. In the fourth quarter of 2016, Bats welcomed a total 34 ETFs from 13 providers.
Including transfers from competitor venues, Bats welcomed 85 ETF listings to its U.S. market, an increase of 145% over 2015. During the year, Bats won 17% of ETF switches.
There are now 151 ETFs listed on Bats ETF Marketplace, from 27 different issuers.