Bats Global Markets, Inc.(Bats: BATS) has welcomed another fund from Exchange Traded Concepts (ETC) to the Bats ETF Marketplace.
The new issue, The WEAR ETF (Bats: WEAR), seeks to provide investment results that track the price return performance of the EQM Wearables™ Index.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
We are excited to welcome this new product and look forward to further success with ETC as they continue to innovate and build their business at the Bats ETF Marketplace.
J. Garrett Stevens, CEO of Exchange Traded Concepts, added:
The wearable industry is very exciting and changing rapidly and we are proud to deliver this product to the market. The WEAR ETF allows investors to participate in the breakthrough technologies and sales channels that we believe will continue to drive growth in this market. We are excited to list this fund on the BATS exchange and look forward to working with them in the future.
WEAR is the third ETC-affiliated fund to launch on the Bats ETF Marketplace, following two REX Shares issues which listed in May 2016.
Bats executed 23.4% of U.S. ETF trading in November.
As of today, there are 22 issuers with a combined 113 ETFs listed in the U.S. on the Bats ETF Marketplace.