Bats Europe is to launch eight new benchmark indices for the French, German, Swiss and Italian markets on 19 December 2016.
The indices will offer real-time, high-quality and low-cost alternatives to those provided by the incumbent index providers.
Bats launched its index business in June 2016 with the introduction of 18 UK equity indices covering large to small cap securities and 12 FactSet-based industry sectors.
Bats is building upon this momentum by expanding its index offering across Europe with the addition of new benchmark indices in these four key markets. Bats will continue to expand its index offering into other European national and regional indices over the coming months.
Mark Hemsley (pictured), CEO of Bats Europe, says: “As the largest pan-European stock exchange, we have unique insights into the needs and challenges of investors across the continent, many of whom have become increasingly frustrated by the rising costs of index data. We are excited to expand our benchmark indices business to these key European markets and provide investors and traders with real-time, high-quality benchmark indices in a cost effective manner as we challenge the incumbent index providers and bring competition to this vital part of market.”
“We welcome Bats’ further expansion into the European indices market as we believe that the industry will benefit greatly from choice and competition in the benchmark index space,” says Philipp Sfeir, president of SIPUG (Swiss Information Providers User Group).
“We believe the industry will benefit from increased competition and choice when it comes to benchmark indices and we are pleased that Bats is further expanding its index product line into other markets in Europe,” says Rudolf Siebel, managing director, German Investment Funds Association BVI.
