Bats Europe Expands Index Business

Bats says the new indexes, which are available in real time, will provide investors with a greater choice of European benchmarks, allowing them to compare market, regional and sector performance of companies across the continent. The indexes will be published on the Bats Indices website and will also be available via data vendors including Bloomberg, Thomson Reuters and Factset.

Bats launched its index business in June 2016 (IMD, June 12, 2016) and now offers 57 indexes calculated in both price and net total return across 15 markets. These include 25 national indexes, five pan-European indexes, 24 sector indexes – 12 UK and 12 European – and two Bats Brexit 50/50 indexes designed to act as barometers for assessing how the UK’s decision to exit the European Union is impacting UK companies.

Clients can use Bats index data for benchmarking, analytics, product creation and the real-time presentation of market performance to inform investors and traders.

“Launching these new regional benchmark indexes enables us to provide customers with a single alternative solution to their benchmark needs across all European markets, with indexes that are highly correlated with their peers, but systematic in approach and significantly less expensive to use,” says Guy Simpkin, head of business development at Bats Europe, in a statement.

Along with its expanded offering, Bats has also announced plans to introduce further discounts to licensees of multiple indexes, as well as freezing index fees this year.