BATS Exchange Welcomes ProShares ETF

                     BATS Exchange Welcomes ProShares ETF

Becomes Second ETF Family to List Products on BATS Exchange

PR Newswire

KANSAS CITY, Mo., Dec. 11, 2012

KANSAS CITY, Mo., Dec. 11, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a
leading operator of securities markets in the U.S. and Europe, today announced
that ProShares, a premier provider of alternative exchange traded funds
(ETFs), will list the ProShares Merger ETF on BATS Exchange.


The ProShares Merger ETF is scheduled to begin trading on BATS Exchange on
December 13 under the ticker MRGR. The fund is designed to track the
performance of the S&P Merger Arbitrage Index, which provides exposure to a
global merger arbitrage strategy. The new ETF listing makes ProShares the
second ETF family to list on the BATS Exchange.

"We're excited to welcome another respected exchange traded fund family like
ProShares to the BATS Exchange as our innovative approach to the ETF listings
business continues to attract issuers and investors alike," said BATS Global
Markets President and CEO Joe Ratterman.

"The BATS Competitive Liquidity Provider (CLP) program has proven to be
effective at incenting tighter spreads and more size at the national best bid
and offer (NBBO) for issues listed at BATS, which in turn lowers the cost of
trading for institutional and retail investors. We look forward to
implementing this program for the ProShares Merger ETF," he said.

The BATS CLP program is a rewards-based program designed to incent market
makers to increase liquidity and create tighter quoted spreads for each
listing on BATS. Through the program, liquidity providers compete for a daily
reward by posting competitive quotes in an exchange-traded product (ETP).
Liquidity providers are rewarded based on their continuous daily quoted size
at the NBBO in the securities for which they are registered CLPs.

BATS has also filed a proposal with the Securities and Exchange Commission
(SEC) to launch three additional ProShares ETFs in 2013, subject to approvals.

Additional information on the BATS Listings program, including the BATS
Listings Rules and Listing Fees, is available on the BATS Listings website.
Companies interested in learning more may email

About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets
in the U.S. and Europe. BATS develops and operates electronic markets for the
trading of listed cash equity securities in the U.S. and Europe and listed
equity options in the U.S. BATS operates two stock exchanges in the U.S., the
BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options
market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral
trading facility. BATS' innovative and proprietary technology was developed by
a dedicated core team of market and technology professionals, catering to the
needs of the broker-dealer and trading community. The company is headquartered
in the Kansas City, Mo. area, with additional offices in New York and London.
For more information, visit

BATS and its affiliates do not recommend or make any representation as to
possible benefits from any securities or investments, or third-party products
or services. Investors should undertake their own due diligence regarding
their securities and investment practices. This press release speaks only as
of this date. BATS disclaims any duty to update the information herein.

SOURCE BATS Global Markets

Contact: Media (U.S.), Stacie Fleming, +1-913-815-7193,, or
Suzanne O'Halloran, +1-212-378-8526,, or Media (Europe), Kelly
Bailey, +,
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