Press releases 2012

46/12
11 December 2012
Boost ETP launches on London Stock Exchange

-  Issuer debuts with FTSE-based leveraged products
-  GETCO becomes London’s 26^th ETP market maker
-  Boost CEO opens trading on London markets

London Stock Exchange today welcomes Boost ETP as a new issuer of Exchange Traded Products (ETPs) on its Main Market. The company plans to introduce 20 new products throughout December, offering leveraged exposure to a range of indices. Benchmarks created and managed by FTSE, London Stock Exchange Group’s leading index provider, have been licensed to underlie a number of the new products.

GETCO will act as dedicated market maker for Boost ETP’s products, making it an ETP market maker on London Stock Exchange for the first time. It brings the total number of firms market making ETFs and ETPs on the UK markets to 26.

To mark the launch, Hector McNeil and Nik Bienkowski, both Co-CEOs at Boost ETP, joined Gillian Walmsley, Head of Fixed Income Products at London Stock Exchange to formally open trading on the London markets this morning.

Gillian Walmsley, Head of Fixed Income Products at London Stock Exchange, said:

“We are delighted to welcome Boost ETP for their product debut. London Stock Exchange Group operates Europe’s biggest ETP exchange, underpinned by a diverse set of international investors. This makes for a vibrant, fast growing market, with coverage across a broad range of underlying asset classes.

“GETCO’s participation as a market maker will further strengthen London’s position as Europe’s deepest pool of liquidity for ETPs.”

Hector McNeil, Co-CEO at Boost ETP, said:

“Launching our first products on the London Stock Exchange last week was a landmark day for us. We believe that BOOST FTSE 100 3x Leverage Daily ETP ‘3UKL’ and BOOST FTSE 100 3x Short Daily ETP ‘3UKS’ are exciting additions to the UK ETP market. Our ETPs provide sophisticated investors valuable new tools to potentially enhance their investment returns or hedge market risks”

Aidan Hsu, Head of European ETF trading at GETCO, said:

“We are very pleased to support Boost ETP as their dedicated market maker and we look forward to creating efficient and liquid markets for Boost ETP’s on the LSE.”

There are currently 1,038 ETFs and ETPs listed in London, with an average total daily trading value of over £200m.

- ends -

For further information, and photographs of the event, please contact:

Jonny Blostone                                        Press Office +44 (0)20 7797 1222

                                                          newsroom@londonstockexchange.com

 

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com