NYSE Euronext (NYX) today announced that 2009 was a robust year for Exchange Traded Products (ETPs) on both NYSE Arca, its fully electronic U.S. market, and its combined European markets in Paris, Amsterdam, Brussels and Lisbon.
In the U.S. , 107 new ETFs, 9 new ETNs and 85 new certificates were added to NYSE Arca’s growing roster of primary listings. That included 12 issuers that had not previously sponsored Exchange Traded Products on NYSE Arca. New issuers of ETPs in 2009 on NYSE Arca included AdvisorShares; Charles Schwab; Emerging Global; ETF Securities; FaithShares; Geary Advisors; Global X; Grail Advisors; Index IQ; Javelin; Old Mutual; and PIMCO.
In Europe , at the end of 2009, NYSE Euronext’s ETP segment consisted of 449 ETFs, 42 ETVs, five ETNs and approximately 12,762 warrants and certificates. The past year on NYSE Euronext’s European markets was highlighted by 107 new ETF listings, including two by new ETF issuers, HSBC and Think Capital, which launched their first ETF s on NYSE Euronext markets, and continued product expansions from CASAM ETFs, EasyETFs, DB x-Trackers, Lyxor, iShares, ETF Securities, and Invesco Powershares.
“Our global Exchange Traded Product marketplace grew rapidly in 2009, illustrating the sector’s broadening popularity as a result of the transparency, diversification, intraday trading access, and potential tax efficiency offered by ETFs,” said Lisa Dallmer, EVP and Head of Global Index and Exchange Traded Products, NYSE Euronext. “ETPs are becoming increasingly common in investment portfolios, and we expect that momentum to continue in 2010. We look forward to offering investors, product sponsors and market professionals the most compelling market and most innovative trading technologies, further extending our role as the world’s premier platform for Exchange Traded Products.”
Throughout 2009, the global Exchange Traded Products industry launched a diverse range of innovative products, expanding on investment themes such as target date portfolios, leverage, inverse, emerging markets, actively managed transparent portfolios, and fixed income ETFs.
NYSE Arca continued to be a leading center for ETP liquidity, setting the National Best Bid and Offer in all ETPs 86% of the time in 2009. NYSE Arca’s opening auctions consistently executed over 90% of the total opening auction volume and 98% of the total closing auction volume in primarily listed ETPs in 2009, helped by NYSE Arca’s commitment to market quality through its Lead Market Maker (LMM) program, which expanded to 20 unique broker-dealers in 2009. NYSE Arca, already one of the fastest equities markets, further increased its order execution time with the implementation of NYSE Euronext’s Universal Trading Platform. NYSE Arca customers are now experiencing roundtrip executions in 950 microseconds for NYSE Arca-listed issues.
NYSE Euronext implemented several major projects in 2009 critical to enhancing customer service to ETP issuers and investors: the integration of the French, Dutch and Belgian trading into a single order book to strengthen liquidity; the rollout of a new low latency, high capacity trading technology, Universal Trading Platform (UTP), with internal roundtrip times as low as 250 micro-seconds and the capability to handle 100,000 orders per second; and the introduction of new Liquidity Provider quote driven market functionalities for the European warrants and certificates markets to support the unique needs of structured products issuers and investors.
