BATS Chi-X Europe has added two Lyxor ETFs to begin trading on 25 November, extending its new push into the exchange traded fund (ETF) market.
The two products will join two iShares ETFs that are also due to begin trading on BATS Chi-X Europe this month. The exchange operator hopes its move to offer pan-European ETF listings will help to reduce fragmentation and costs in Europe’s ETF market.
Lyxor UCITS ETF MSCI Emerging Markets and Lyxor UCITS ETF EURO STOXX 50 will both be listed, with the former traded in USD and settled in Euroclear UK & Ireland and the latter trading in Euros and settled in Euroclear France.
Mark Hemsley, CEO of BATS Chi-X Europe, said: “Lyxor’s decision to list their products on BATS Chi-X Europe underscores our commitment to delivering an efficient, borderless pan-European capital market designed to benefit all market participants.”
“With BATS Chi-X Europe’s pan-European reach, we’re able to provide issuers with a neutral single channel to reach a diverse set of investors across Europe, whilst allowing our participants easy access to these innovative products.”
Lyxor said that, by having a pan-European listing the ETFs will be able to increase their liquidity and become more efficient.