NYSE Euronext (NYX) today announced the launch of Northern Trust’s Northern Exchange Traded Shares™ (NETS ™) ISEQ 20™ Index Fund on NYSE Arca under the ticker symbol IQE. This will be the first ETF available to U.S. investors tracking the Irish market. ETFs and ETNs listed on NYSE Arca--an industry leader in ETF and ETN listings and trading- represent 56% of ETF and ETN assets under management in the U.S. , nearly $609 billion, the most of any exchange.
Designed to track the performance of the NETS ™ ISEQ 20™ Index (Ireland ), IQE seeks to measure the performance of 20 of the most liquid and largest stocks traded on the Irish Stock Exchange. More information on the NETS™ ISEQ 20 Index Fund (Ireland ) and other NETS™ ETFs is available on the NETS™ website: www.netsetfs.com.
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% 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 272 primary ETF and 65 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 101 new ETFs and ETNs to its roster of primary listings, including a record 80 IPOs. For 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed.
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