NYSE Group, Inc. (NYSE: NYX) today announced that 16 new iShares® ETFs transferred their primary listing from the American Stock Exchange to the New York Stock Exchange as part of the previously announced agreement with iShares in 2005. The addition of these products solidifies NYSE Group, Inc. as the world’s premier venue for ETF listings and trading, with 165 primary listings while handling 43% of all ETF shares traded in the U.S. market in 2006.
“NYSE Group has assumed a leadership position in the growing ETF space, fulfilling a goal we identified as an essential component of our multi-asset growth strategy,” said Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer . “We believe that through the NYSE and NYSE Arca exchanges, we offer investors, product sponsors and market professionals the most compelling value proposition. NYSE Group’s commitment to continuously improving our trading technology is apparent in our market quality statistics of quoted spreads, certainty of execution and speed of acknowledged orders, which can average only 2 milliseconds.
“ETFs are based on the prices of other securities, so the technology tools we provide to market professionals and investors are essential to facilitate access to the deep liquidity found only on our book. With ETF trading volume increasing over 60% on our exchanges in 2006, we look forward to continuing to provide the industry standard in listing and trading ETFs as we add more ground-breaking products that meet the demands of the investment community in 2007.”
