Bats Expands Real-Time Benchmark Indices to Continental Europe
- Europe's largest exchange has launched new benchmark indices for the French, German, Italian and Swiss Markets.
Bats Europe, one of Europe’s largest Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operators, 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.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
New Benchmark Indices
As reported by Finance Magnates, 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 on its momentum by expanding its index offering across Europe with the addition of new benchmark indices in these four key markets. The exchange has said that it will continue to expand its index offering into other European national and regional indices over the coming months.
Mark Hemsley, CEO of Bats Europe, commented: “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.”
Some key facts about the Bats Indices include:
- They are published in real-time which differs to commonly used indices whose values are often delayed by 15 minutes.
- They are highly correlated with comparable benchmarks that investors use every day and are designed to accurately reflect market moves.
- Bats has simplified index licensing arrangements, with a long-term commitment to materially reducing costs to all investors.
- The indices all have a base value of 10,000 as of 31 December 2010, which makes the performance of markets and sectors easy to compare.
- All indices operate on a common rule set thus providing direct comparability.
- The indices are available free of charge to media clients to distribute in real time. They are also free of charge for vendor and benchmarking purposes.
Rudolf Siebel, Managing Director, German Investment Funds Association, said: “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".
Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term
The exchange will take account of, and follow, the relevant International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks for its indices. Bats Europe will apply to its regulator, the Financial Conduct Authority (FCA), for approval as a Benchmark Administrator under the incoming Benchmark Regulation.
Bats Europe, one of Europe’s largest Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operators, 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.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
New Benchmark Indices
As reported by Finance Magnates, 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 on its momentum by expanding its index offering across Europe with the addition of new benchmark indices in these four key markets. The exchange has said that it will continue to expand its index offering into other European national and regional indices over the coming months.
Mark Hemsley, CEO of Bats Europe, commented: “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.”
Some key facts about the Bats Indices include:
- They are published in real-time which differs to commonly used indices whose values are often delayed by 15 minutes.
- They are highly correlated with comparable benchmarks that investors use every day and are designed to accurately reflect market moves.
- Bats has simplified index licensing arrangements, with a long-term commitment to materially reducing costs to all investors.
- The indices all have a base value of 10,000 as of 31 December 2010, which makes the performance of markets and sectors easy to compare.
- All indices operate on a common rule set thus providing direct comparability.
- The indices are available free of charge to media clients to distribute in real time. They are also free of charge for vendor and benchmarking purposes.
Rudolf Siebel, Managing Director, German Investment Funds Association, said: “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".
Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term
The exchange will take account of, and follow, the relevant International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks for its indices. Bats Europe will apply to its regulator, the Financial Conduct Authority (FCA), for approval as a Benchmark Administrator under the incoming Benchmark Regulation.