Bats Europe, one of Europe’s largest stock exchange operators, announced today that its eight new benchmark indices for the French, German, Swiss and Italian markets have now gone live.
The new benchmark indices are now live.
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Bats, which announced the launch of the new indices last week, is building on its momentum with the expansion of its services to provide investors and traders with real-time, high-quality and low-cost alternatives to the benchmark indices provided by the incumbent index providers.
The indices are highly correlated with comparable benchmarks that investors use every day and are designed to accurately reflect market moves. Bats has also simplified index licensing arrangements, with a long-term commitment to materially reducing costs to all investors.
Furthermore, the indices have a base value of 10,000 as of 31 December 2010, making the performance of markets and sectors easy to compare while operating on a common rule set, thus providing direct comparability.
The data for the new indices is available on the Bats Indices website, as well as through various market data vendors. All Bats indices are available free of charge to media clients to distribute in real time. The indices are also free of charge for benchmarking purposes and for vendors to distribute.