Bats Global To Acquire

March 29, 2016

Bats Global Markets, the largest market for ETF trading in the U.S., is acquiring—a leading provider of ETF-focused news and data. The deal, for which financial terms were not disclosed, is set to close Friday, April 1.

Under the agreement, will become an independent subsidiary of Bats, continuing to focus on investor education and ETF industry coverage independently, adding to Bats’ proprietary market data and analytics. David Lichtblau will remain in his post as chief executive officer of

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

For Bats, the deal also highlights the shared culture between the two companies.

“This acquisition of the innovative 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,” said Chris Concannon, Bats CEO, of the deal.

“We are excited to acquire a company that shares the Bats culture and dedication to the continuing education of investors and other market constituents,” he said.

Contact Cinthia Murphy at [email protected].

Find your next ETF

Reset All