Press releases 2013
First Trust selects London Stock Exchange for European ETF debut
- US investment provider launches three ETFs
- Confirms London Stock Exchange’s position as leading European ETF venue
London Stock Exchange today welcomes First Trust, a US investment provider, as a new issuer of Exchange Traded Funds (ETFs) on its Main Market. First Trust is launching three of its AlphaDEX ETFs that offer an alternative stock weighting scheme based on a range of growth and value scores.
Gillian Walmsley, Head of Listed Products at London Stock Exchange, said:
“We’re delighted that First Trust has chosen London to make its entry onto the European ETF market. London Stock Exchange remains the pre-eminent European destination for ETF issuers and investors and we expect to see continued growth in the number of issuers and products available in 2013.”
First Trust is the latest US provider to issue ETFs on London Stock Exchange joining Vanguard and SPDR.
There are over 1,000 Exchange Traded Products listed on London Stock Exchange including all of the top ten European ETPs ranked by 2012 inflows. Last month, London Stock Exchange achieved a 28% market share of all ETF & ETP trading in Europe with the combined London Stock Exchange Group reaching a market share of 45%.
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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.