"It is not surprising that NYSE wanted to join the ranks of virtually all of the regional and national U.S. stock exchanges that are trading or plan to trade shares of QQQ." said John L. Jacobs, senior vice president of The Nasdaq Stock Market® and president and chief executive officer of Nasdaq Investment Product Services, Inc. "One of the most highly traded exchange traded funds (ETFs) in the world, QQQ shares represent more than 72 percent of the average daily share volume of all ETFs. We are pleased that the NYSE has recognized the tremendous success of QQQ. The choice of QQQ to be among the first ETFs traded on the NYSE is another strong vote of confidence in the innovative industry leading companies that make up the Nasdaq-100®."
Designed to closely track the performance of the Nasdaq-100 Index® (NDX), which is composed of the 100 largest non-financial companies listed on Nasdaq®, QQQ enables investors to buy or sell shares in the collective performance of the Nasdaq-100 Index-just as they would trade shares of individual stocks. The QQQ security gives investors the opportunity to participate in the performance of a group of innovative, technology-driven and entrepreneurial Nasdaq companies. QQQ now trades 68.3 million shares of average daily volume and represents $24.3 billion in market capitalization.
Unlisted Trading Privileges allow for an exchange to trade in a specific security not listed or registered on that exchange, under the Securities Exchange Commission's Securities Exchange Act of 1934.
