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NYSE Euronext (NYX) today announced that NYSE Arca, its fully electronic U.S. market, and its combined European markets in Paris, Amsterdam, Brussels and Lisbon continued to show strong growth in Exchange Traded Products (ETPs) listings in 2010.
In the U.S., NYSE Arca listed 220 new ETPs, which included 144 new Exchange Traded Funds (ETFs), 9 new Exchange Traded Vehicles (ETVs), 43 new Exchange Traded Notes (ETNs) and 24 new certificates. That brought the total number of ETPs on NYSE Arca to 1,124 comprised of 837 ETFs, 57 ETVs, 132 ETNs and 98 certificates. New issuers of ETPs in 2010 included: Pax World Management, RBS, Sprott Asset Management, Teucrium, U.S. One and Velocity Shares. The total combined assets of NYSE Arca-listed ETPs reached $980 billion (as of December 31, 2010), an increase of approximately 27% over 2009.
During 2010, NYSE Euronext’s European ETP segment listed 112 new ETPs, an increase of 9% over 2009. Two new issuers joined NYSE Euronext’s European market in 2010 with ETFs based on NYX indices: Comstage ETF listed five ETFs based on CAC 40, CAC 40 Short, CAC 40 Leverage, PSI 20 and PSI 20 Leverage, while ESAF ETF listed one ETF based on the NYSE Euronext Iberian Index. ETP issues are eligible to be listed across all NYSE Euronext’s European markets. At the end of 2010, NYSE Euronext ETP segment consisted of 491 ETFs from 16 issuers covering 329 indices, 43 ETVs, 5 ETNs and 18,661 warrants and certificates. The total combined assets of all ETPs listed on NYSE Euronext’s European markets reached €147.6 billion (as of December 31, 2010), an increase of 26.7% over 2009.
“NYSE Euronext is proud that existing and new issuers continue to select our global platform as the market of choice to launch innovative products for investors,” said Lisa Dallmer, COO of European Cash Markets of NYSE Euronext. “We believe the key to our success is providing issuers unwavering customer service and innovative trading technology to meet the diverse and growing needs of an ever-changing ETP marketplace.”
In 2010, the ETP industry launched a diverse range of products, expanding on investment themes that track the performance of volatility and commodities based products, equity and emerging markets, actively managed transparent portfolios, and fixed income ETFs.
In the U.S., NYSE Arca continued to be a leading trading venue for ETP liquidity, setting the National Best Bid and Offer in all ETPs 90% of the time. In 2010, NYSE Arca further enhanced its market structure for ETP issuers and investors by:
- Implementing a trading pause;
- Introducing price collars designed to safeguard the execution of market orders;
- Updating the clearly erroneous trade policy in all markets;
- Enhancing Lead Market Maker program from a flat rebate to a tiered structure as well as increasing the rebate for products that trade under 1 million shares per day.
In Europe, NYSE Euronext European markets continued to deploy market structure and technology enhancements for superior price transparency and execution reinforcing its leading position in the pan-European ETP landscape. Those enhancements include:
- Consolidation of cash and derivatives markets on the high capacity and low latency UTP technology in a state-of-the-art data center in Basildon;
- Expansion of the Liquidity Provision program with the recruitment of new top Liquidity Providers;
- Introduction of new trading hours to coincide with equity ones;
- Launch of a tick size program.
For monthly reports on highlighting NYSE Arca ETP performance please visit: http://www.nyse.com/about/listed/1279705780838.html
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