NYSE Euronext (NYX) today announced the launch of Van Eck’s Market Vectors-Gulf States Index ETF (MES) on NYSE Arca. ETFs and ETNs listed on NYSE Arca - an industry leader in ETF and ETN listings and trading - represent 55% of ETF and ETN assets under management in the U.S., nearly $590 billion , the most of any exchange.
Designed to track the Dow Jones GCC Titans 40 IndexSM, the Market Vectors- Gulf States Index ETF offers convenient access to the investable GCC (Gulf Cooperation Council) markets of Bahrain , Kuwait , Oman , Qatar and United Arab Emirates (UAE).
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 82% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry’s fastest and most innovative trading tools to access liquidity. Including today’s listings, NYSE Arca has 277 ETF primary and 76 ETN listings and trades all other eligible ETFs on a UTP basis. NYSE Euronext remains the global exchange of choice for Exchange-Traded Products with a total of 684 primarylistings.