BATS Global Markets (BATS:BATS), the owner of institutional forex trading platform HotSpot FX announced it is included in the Wilshire 5000 Total Market IndexSM (Wilshire 5000). The inclusion became effective after the markets closed on May 20, in conjunction with the monthly additions and deletions of the index.
BATS Global Markets is a US-based operator of exchanges and services for financial market. It is headquartered in Kansas City and has offices in New York, London, Chicago and Singapore. The company owns four US equities exchanges – BZX, BYX, EDGX, EDGA, one European equities exchange – Bats Europe, one US options exchange – Bats Options, and one institutional forex trading platform – HotSpot FX, which it acquired in January 2015.
In April it priced its IPO at $19 per share, which was at the high end of the initially proposed value. Unlike the unsuccessful IPO on its own exchange in 2012, which failed due to a technical glitch, this time BATS was successful. On markets close on May 20, its shares cost $25.71 apiece and the company had a total market value of $2.53 billion.
The Wilshire 5000 index was developed in 1974 by Wilshire Associates. It is considered a leading benchmark for tracking the broad US equities market and estimate market value changes. It is intended to measure the performance of most publicly traded companies headquartered in the US, with readily available price data. It includes a majority of the common stocks traded primarily through New York Stock Exchange, NASDAQ or the American Stock Exchange. Its total value before the markets opened on May 23 was 21 224.32.