Susquehanna Investment Group will act as the specialist for this product.
“ This is the first time that the investor on Main Street to the trader on Wall Street can trade the direction of the Chinese economy,” said Daniel Carrigan, vice president of new products at the PHLX. Carrigan said the PHLX provides deep, liquid and transparent markets for the fund/iShares FTSE/Xinhua China 25 ETF on PHLX XL, the Exchange’s electronic trading platform.
Fredy Bush, CEO of Xinhua Finance and Director of FTSE/Xinhua Index said, "The combination of FTSE's indexing expertise with Xinhua Finance's knowledge of the China markets offers a unique opportunity for international investors to understand China's markets."
Mark Makepeace, Chairman of FTSE Group and FTSE/Xinhua Index said, “The FTSE/Xinhua China 25 is an ideal tool for international investors to track the China market. We are delighted that the PHLX has created options on the new ETF.”
The index is a product of FTSE/Xinhua Index Limited, a unique joint venture company that combines the expertise in international indexing of FTSE with the local Chinese market knowledge and data capabilities of Xinhua Finance.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,500 equity options, 17 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.
