ETFs and ETPs have proven increasingly popular during the latter half of this year
Bats Global Markets has said Tuesday that
it will add a new exchange traded product (ETP) incentive
scheme on September 1 to support market makers across its ETP
With the new scheme, rebates will be
directed to the exchange’s market makers for ETPs.
The consolidated average dictates the size of the rebate, with
annualised payments ranging from $3,000 for a daily range of 1m
to 3m shares, to an annual $400,000 for daily averages greater
than 35 million shares, said Bats.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.