Bats Europe has bolstered its index business with the addition of 10 new European indices, bringing the total number of markets now covered to 15.
The new indices cover the largest companies listed in each of the markets, including Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Spain and Sweden.
Bats said the indices are real-time, low-cost and high-quality alternatives to those provided by incumbent providers across European markets.
The index business at Bats Europe was launched in June 2016 and it now offers 39 indices calculated in both price and net total return across 15 markets.
Mark Hemsley, president of Europe for CBOE - which owns Bats Global Markets - explained investors have recently become frustrated with high-cost indices.
“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,” he said.