Press releases 2005
2 August 2005
NASDAQ100 ETF STARTS TRADING ON LONDON STOCK EXCHANGE
The NASDAQ100 ETF or EQQQ will today commence trading on the London Stock Exchange. The NASDAQ100 ETF is the world's second most heavily traded ETF, with an average daily value of $3.7 billion traded globally during the first six months of 2005.
The EQQQ will take the number of ETFs traded on the London Stock Exchange's SETSmm platform to fifteen, with existing ETFs offering exposure to a range of UK and global indices and underlyings including the FTSE Xinhua China 25, the MSCI Japan index and corporate bonds.
John Jacobs, CEO of NASDAQ Global Funds, said:
“We are tremendously excited that EQQQ is being admitted to trading on the London Stock Exchange. This development will give a wide range of investors access to some of the world’s most innovative and industry-leading companies on one of the world’s most efficient and trusted markets.”
Martin Graham, Director of Market Services at the London Stock Exchange, said:
"We are delighted to welcome the EQQQ to the expanding range of ETFs available on the London Stock Exchange. We are sure that it will make a significant contribution to the continuing growth of the ETF market in London."
ETF trading on the London Stock Exchange increased by 49 per cent in value traded in the first six months of 2005 compared with 2004, with a total value traded of £2.6bn.
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For further information, please contact:
Catherine Mattison Press Office +44 (0)20 7797 1395
Notes to editors:
1. For more information about the EQQQ, please visit http://www.nasdaq.com/indexshares/eqqq.stm.
About the London Stock Exchange
The London Stock Exchange is the most international equities exchange by trading in the world and Europe's largest pool of liquidity. In 2004, 80% of all European IPOs floated in London. By the end of 2004, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £3.5 trillion, with £4.7 trillion of equity business transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.