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NYSE Euronext (NYSE Euronext: NYX) today announced SPDR® Index Shares Funds will transfer DJ Euro STOXX 50 ETF (symbol:
The ETFs will begin trading on NYSE Arca effective prior to the opening on
As previously announced, NYSE Arca believes that this planned market consolidation,initiated by specialist firms and in consultation with issuers, will be beneficial to investors in terms of savings, efficiency and overall market performance. As one of the most attractive and industry-preferred market structure for trading ETFs, NYSE Arca, which utilizes dedicated liquidity providers in the form of Lead Market Makers (LMMs) and Market Makers (MMs), is one of the best platform to efficiently list and trade the more than 230 NYSE Group listed ETFs.
All existing NYSE ETF specialist firms are able to act as LMMs in primary listings on NYSE Arca and will continue to provide value for investors and issuers while ensuring liquidity and reducing volatility. By offering a single, harmonized platform for listing and trading ETFs, NYSE Group will further improve efficiencies and market quality.
NYSE Arca’s all-electronic platform is the single largest liquidity pool for ETFs in the U.S. and presents a compelling value proposition for all market participants. In the first half of 2007, NYSE Arca handled 43% of all ETF shares traded in the U.S., representing an ADV of approximately 231.96 million shares per day.
