BATS Global Markets is trying to gain an edge against rivals NYSE Euronext and Nasdaq OMX by offering free listings of individual equities and ETFs, according to an article on Bloomberg Business Week.

To qualify for a free listing, corporations and exchange-traded funds need to have an average daily volume of 2 million shares, according to the report. Annual fees at BATS, apart from an initial fee of $10,000, amount to $35,000, according to information BATS provided in a press release.

Businessweek said annual expenses range from $38,000 to $500,000 on the New York Stock Exchange, and $35,000 to $99,500 on the Nasdaq.

BATS is currently the third-largest exchange operator, and accounted for 11 percent of U.S. equities trading in January. BATS also accounts for 24 percent of equity trading in Europe, according to the article.

For more information, head over to BusinessWeek.com.