NYSE Euronext Leads ETP Listings Globally In 2010
NYSE Arca U.S. listed a record 220 New ETPs in 2010 – new high compared to 2009
A total of 112 new ETPs launched on NYSE Euronext European Markets
NEW YORK - NYSE Euronext (NYX) announced that NYSE Arca, its fully electronic U.S. market, and its combined European markets in Paris, Amsterdam, Brussels and Lisbon continued to show strong growth in Exchange Traded Products (ETPs) listings in 2010.
In the U.S., NYSE Arca listed 220 new ETPs, which included 144 new Exchange Traded Funds (ETFs), 9 new Exchange Traded Vehicles (ETVs), 43 new Exchange Traded Notes (ETNs) and 24 new certificates. That brought the total number of ETPs on NYSE Arca to 1,124 comprised of 837 ETFs, 57 ETVs, 132 ETNs and 98 certificates. New issuers of ETPs in 2010 included: Pax World Management, RBS, Sprott Asset Management, Teucrium, U.S. One and Velocity Shares. The total combined assets of NYSE Arca-listed ETPs reached $980 billion (as of December 31, 2010), an increase of approximately 27% over 2009.
During 2010, NYSE Euronext’s European ETP segment listed 112 new ETPs, an increase of 9% over 2009. Two new issuers joined NYSE Euronext’s European market in 2010 with ETFs based on NYX indices: Comstage ETF listed five ETFs based on CAC 40, CAC 40 Short, CAC 40 Leverage, PSI 20 and PSI 20 Leverage, while ESAF ETF listed one ETF based on the NYSE Euronext Iberian Index. ETP issues are eligible to be listed across all NYSE Euronext’s European markets. At the end of 2010, NYSE Euronext ETP segment consisted of 491 ETFs from 16 issuers covering 329 indices, 43 ETVs, 5 ETNs and 18,661 warrants and certificates. The total combined assets of all ETPs listed on NYSE Euronext’s European markets reached €147.6 billion (as of December 31, 2010), an increase of 26.7% over 2009.
“NYSE Euronext is proud that existing and new issuers continue to select our global platform as the market of choice to launch innovative products for investors,” said Lisa Dallmer, COO of European Cash Markets of NYSE Euronext. “We believe the key to our success is providing issuers unwavering customer service and innovative trading technology to meet the diverse and growing needs of an ever-changing ETP marketplace.”
In 2010, the ETP industry launched a diverse range of products, expanding on investment themes that track the performance of volatility and commodities based products, equity and emerging markets, actively managed transparent portfolios, and fixed income ETFs.
In the U.S., NYSE Arca continued to be a leading trading venue for ETP liquidity, setting the National Best Bid and Offer in all ETPs 90% of the time. In 2010, NYSE Arca further enhanced its market structure for ETP issuers and investors by:
- Implementing a trading pause;
- Introducing price collars designed to safeguard the execution of market orders;
- Updating the clearly erroneous trade policy in all markets;
- Enhancing Lead Market Maker program from a flat rebate to a tiered structure as well as increasing the rebate for products that trade under 1 million shares per day.
In Europe, NYSE Euronext European markets continued to deploy market structure and technology enhancements for superior price transparency and execution reinforcing its leading position in the pan-European ETP landscape. Those enhancements include:
- Consolidation of cash and derivatives markets on the high capacity and low latency UTP technology in a state-of-the-art data center in Basildon;
- Expansion of the Liquidity Provision program with the recruitment of new top Liquidity Providers;
- Introduction of new trading hours to coincide with equity ones;
- Launch of a tick size program.
For monthly reports on highlighting NYSE Arca ETP performance please visit: http://www.nyse.com/about/listed/1279705780838.html
Please click here to download the NYSE European ETF Monthly Flash for Dec. 2010: http://euronext.fb.emakina.addemar.com/c278/e1708484/h30714/l9243/document.xls
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world’s largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext’s offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext’s US market for ETFs, has 837 primary ETF and 57 primary ETV listings. Additionally, NYSE Arca lists 132 ETNs, 98 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 491 ETFs from 16 issuers covering 329 indices, 43 ETVs and 5 ETNs. In addition, NYSE Euronext lists a total of 18,661Certificates and Covered Warrants in Paris, Amsterdam, Brussels and Lisbon.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2009 (“document de référence”) filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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