European stock exchange operator Bats Europe has launched a series of UK-focused indices, which will be free to use for benchmarking purposes and will offer data in real time.
The provider is launching 18 different indices, which will cover 12 industry sectors and a range of market-cap securities. This launch was supported by a number of wealth managers headquartered in the UK, including Rathbones, with £200bn under management collectively, which have provided input on rules, licences and pricing. Mark Hemsley (pictured), chief executive at Bats Europe, said the new indices would be a "little bit disruptive" to the current market players. "We felt the market wanted real-time pricing but a reasonable cost," he added. "We hope we will see the competition b...
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