nyralaw bet that it will get better at pricing, with the first ETF in a line of options being listed on BATS.
It has a market cap of $20 billion, and trades on CBOE Capital Markets.
The company is a holding company for the $2 trillion Citi Futures Modern Bond Index, which tracks bonds issued by the U.S. government.
The Citi-backed ETF has a $20 annual return, meaning the fund would get a premium over the market if it were sold.
“We have had a lot of people asking us if we should take it on,” Bats CEO and co-founder Brian McElwee said.
“It’s not just the idea of getting better at the math, it’s the idea that you can get better.”
The CITIQ-led ETF is expected to start trading on Monday, the first day of trading on Friday.
Bats is targeting a $2,500 return on a 10-year fixed income fund that will cost less than $2 a share, according to the firm.
The firm has a track record of taking riskier options, like a $1.50 an share option on the Citi Treasury Bond Index Fund, which is a long-term bond fund with a market value of more than $5 trillion.
The ETFs that have been on the market are more expensive than the others, and it is expected that most of them will be priced at under $1 a share.
The average option on these ETFs is $0.00, so investors who want to get in early and buy the best options should buy them now.
Bets is expected sell out of the CITAI-backed fund within the first hour of trading, the firm said.
Bets is using the CitIQ-backed Citi ETF to get it in front of the most aggressive market for options.
The hedge fund owns options on about $4.4 trillion in bonds, which are securities issued by banks and other financial institutions.
BATS is betting on the best return possible on a fund that has a total market cap $20.3 trillion.
Citi is a bank.
It holds about 1.5 percent of the U,S.
Citigroup’s shares are up 1.6 percent at $44.93.
The stock was trading at $45.25 in New York on Friday before the ETF announcement.
BETS is betting that its new ETF will outperform the average option price of $0, which would make the average $1 return.
“We are pricing the best of what we can get,” McElwe said, adding that he sees Citi as an important player in the global financial market.
BATTERS is the first hedge fund that BATS bought on the day of the ETFs announcement.
It was founded in 2015 by a group of hedge fund managers.
BOTS is a name that refers to the BATS fund, which manages risk for institutional investors and has $1 trillion under management.
BTS is one of the largest hedge funds in the world.
McElwes told CNBC that he was “a little bit surprised” by the performance of BATS and his own performance, but the firm is confident that it can continue to beat the market.
“If it keeps winning, I’ll be OK,” he said.
BATS has not released its full quarterly profit numbers.
The fund was the first to invest in a new mutual fund this year.
Shares of BATTES, which was founded last year, are up about 5 percent in 2017.
BITS was founded by hedge fund manager Ken Langone, who is best known for helping his father, former President Bill Clinton, to get elected president in 1992.
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