ETFs

Bats will offer to pay for companies to list ETFs

Exchange operator’s new marketplace part of effort to grab a bigger share of the exchange-traded fund market

Bats will offer to pay for companies to list ETFs

Bats Global Markets is going to new lengths to grab more of the market for exchange-traded funds, offering to pay companies rather than charge them to list the popular investment products on its exchange.

The Lenexa, Kansas-based exchange operator on Thursday plans to launch what it calls the Bats ETF Marketplace, which will pay ETF providers as much as $400,000 a year to list on Bats. Payments will vary depending on average daily volume.

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