Bats Global Markets to Acquire ETF.com as Independent Subsidiary

A definitive agreement has been signed by Bats Global Markets to acquire ETF.com, a leading provider of news, data and analysis for Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Traded Funds (ETFs), as the company seeks to build out its ETF-related segments, and with ETF.com set to become an independent media subsidiary of the exchange operator.

The transaction is set to close on April 1^st 2016, subject to customary closing conditions. According to the company press release, David Lichtblau, CEO of ETF.com, will retain his position while reporting directly to Bats Executive Vice President and Head of U.S. Markets Bryan Harkins. Financial terms of the deal have not yet been disclosed. Through the four stock exchanges that Bats operates in the U.S., its market-share of ETFs is the largest, as described in the update, and thus it seemed like a logical move to capitalize on its existing footprint with the ETF.com Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term.

Bats CEO, Chris Concannon, said in the press release: “This acquisition of the innovative ETF.com business underscores our commitment to the ETF industry and our focus on providing unique,value-added content for issuers, brokers, financial advisors, market professionals and investors. We are excited to acquire a company that shares the Bats culture and dedication to the continuing education of investors and other market constituents.”

Mr. Lichtblau added in the press release: “We are excited to become a part of Bats while continuing our mission as the leading provider of unique, proprietary ETF-focused content. We share the same enthusiasm as Bats and will maintain the journalistic independence that has become the hallmark of ETF.com and our flagship print publication, ETF Report.”