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Bats appoints ETF heavyweight to Europe board

The stock exchange operator has made no secret of plans to grow its presence in the market for exchange-traded funds

Bats has made no secret of plans to grow its presence in the market for exchange-traded funds
Bats has made no secret of plans to grow its presence in the market for exchange-traded funds Photo: iStockPhoto

The European stock exchange operator Bats Europe has appointed a leading figure from the world of exchange-traded funds to its board, underlining its growing strategic interest in ETFs.

Ted Hood, who was chief executive of Source ETF from 2009 until his departure in March 2015, joined the board of Bats Europe on April 21, according to a filing with the UK's Companies House.

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