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Bats Global Markets, Inc. (Bats) has altered its incentive schemes for market makers, namely those who play an integral role in the life cycle of exchange-traded-products (ETPs), per a company statement.
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Bats has opted to create a more favorable environment for market makers via the launch of a reward program, which builds on an existing Issuer Incentive Program for all ETPs. In particular, the new iteration of its payment program helps allow a given issuer to capture benefits from listing on Bats.
As such, market markers can ... (read more)