- 28 new products from two separate issuers in one day
The London Stock Exchange today welcomes 28 new Exchange Traded Notes (ETNs) to its markets. Société Générale has admitted 16 ETNs to trading while Barclays iPath has admitted 12. The products offer simple, real-time exposure to commodities and futures indices and join one existing ETN, tracking gold, issued by Lyxor in March 2009.
Pietro Poletto, Head of Exchange Traded Products at London Stock Exchange Group, said:
“Today’s listings create a strong base of instruments from a range of issuers for investors accessing the London markets. We look forward to leading further European growth in this product type in the coming months and years.”
Today’s admissions further expand the Exchange’s extensive range of Exchange Traded Products (ETPs). As of today there are:
o 243 Exchange Traded Funds (ETFs), offering exposure to major indices such as the FTSE 100, as well as those tracking companies in emerging markets, cleantech businesses and Shariah compliant firms.
o 200 Exchange Traded Commodities (ETCs), offering exposure to commodities including natural resources and agriculture.
o 18 Exchange Traded Currencies (Currency ETCs), offering long and short exposure to G10 currencies against the US Dollar.
o 29 ETNs, offering exposure to commodities such as precious metals and short term futures indices.
Trading activity in ETPs has seen consistent growth since their launch ten years ago this week. In the first quarter of 2010, there was £10.4 billion worth of trading in the products on the London Stock Exchange, a 13.4 per cent increase on the same period last year.
The full list of products admitted to trading today is as follows:
Issuer Name |
Description |
|
|
Société Générale |
ETN on SPGS Crude Oil ER |
Société Générale |
ETN on SPGS NatGas ER |
Société Générale |
ETN on SPGS Aluminium ER |
Société Générale |
ETN on SPGS Zinc ER |
Société Générale |
ETN on SPGS Nickel ER |
Société Générale |
ETN on SPGS Copper ER |
Société Générale |
ETN on SPGS Corn ER |
Société Générale |
ETN on SPGS Wheat ER |
Société Générale |
ETN on SPGS Soybeans ER |
Société Générale |
ETN on SPGS Agricultural ER |
Société Générale |
ETN on Platinum Spot |
Société Générale |
ETN on Silver Spot |
Société Générale |
ETN on Gold Spot |
Société Générale |
ETN on DJ EUROSTOXX50 Total Return Index |
Société Générale |
ETN on MSCI JAPAN Total Return Index |
Société Générale |
ETN on S&P 500 Total Return Index |
Barclays Bank PLC |
iPath S&P 500 VIX Short-Term Futures ETN |
Barclays Bank PLC |
iPath S&P 500 VIX Mid-Term Futures ETN |
Barclays Bank PLC |
iPath DJ-UBS Commodity IndexSM TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Index TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Agriculture Index TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Energy Index TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Grains Index TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Softs Index TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Ind Metals Idx TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Prec Metals Idx TR ETN |
Barclays Bank PLC |
iPath S&P GSCI Livestock Index TR ETN |
Barclays Bank PLC |
iPath VSTOXX Short Term Futures ETN |
- ends -
For further information, please contact:
Jonny Blostone Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Notes to editors:
Exchange Traded Notes (ETNs):
ETNs are secured notes designed to track the performance of a particular underlying asset. They are tradable in real-time during market hours allowing investors to access the market as they would shares, ETFs or ETCs.
About London Stock Exchange Group:
London Stock Exchange Group is Europe's leading diversified exchange business, incorporating Borsa Italiana and the London Stock Exchange. With over 500 member firms and more than 3,000 companies quoted across its markets, the Group operates the largest and most liquid equity marketplace in Europe.
The London Stock Exchange itself is the world's most international exchange with more than 600 overseas companies from over 70 countries. These figures include international companies quoted on the Alternative Investment Market (AIM), the London Stock Exchange's growth market, and the world's most successful market for small and medium sized enterprises with over 1,200 companies.
The Group offers trading in a wide range of instruments, holding the number one position in the trading of exchange-traded products (ETFs and ETCs) and through its interest in MTS, is Europe’s leading platform for the trading of fixed income products. Through the Order Book for Retail Bonds and Mercato Telematico delle Obbligazioni (MOT) the Group also offers a comprehensive range of UK and European corporate and government bond trading services. Its Italian Derivatives Exchange Market (IDEM) sees over €2.5 billion worth of trading every day and through EDX London the Group provides a facility for the trading of Scandinavian and Russian equity derivatives.
London Stock Exchange Group also offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis. These include services from Monte Titoli, the Central Securities Depository for all Italian financial instruments, and Cassa di Compensazione & Garanzia (CC&G), which in July 2009 was granted Recognised Overseas Clearing House (ROCH) status by the FSA to operate in the UK.
With the acquisition of MillenniumIT, the Group encompasses a leading developer of low cost high performance trading platforms and financial markets software serving both the industry and the Group's own businesses.
Since February 2010 London Stock Exchange Group has owned a majority stake in Turquoise, a Mulitlateral Trading Facility (MTF) providing pan-European lit and dark equity trading in some 1,700 securities across 17 countries.
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