Europe's first exchange traded currencies launched on London Stock Exchange
First Published Friday, 13 November 2009 from Automated Trader : Exchange News
ETF Securities admits 18 Currency ETCs to the Main Market
Europe’s first exchange traded currencies (Currency ETCs) have commenced trading on the London Stock Exchange. ETF Securities has admitted 18 Currency ETCs to the Main Market, offering long and short passive exposure to G10 currencies versus the US Dollar.
Pietro Poletto, Head of ETFs and ETCs for London Stock Exchange Group said: “As the number one ETC exchange in Europe, and given London’s reputation as the global centre for foreign exchange trading, we are proud to be the venue of choice for issuers looking to bring this new type of product into Europe. We aim to offer investors access to a wide range of investment opportunities while retaining the benefits of simplicity, transparency and central counterparty security that are integral to trading on-exchange. As such we are delighted to continue leading the diversification of Europe’s exchange traded product offering by welcoming ETF Securities’ new products today.”
October 2009 saw record levels of trading in ETFs, ETCs and ETNs across the Group’s markets with number of trades up 76 per cent to 382,000, and value traded up 34 per cent to £9.9 billion compared to the same period last year.
The products admitted to market today are:
ETFS Long AUD Short USD ETFS Short AUD Long USD
ETFS Long GBP Short USD ETFS Short GBP Long USD
ETFS Long CAD Short USD ETFS Short CAD Long USD
ETFS Long EUR Short USD ETFS Short EUR Long USD
ETFS Long JPY Short USD ETFS Short JPY Long USD
ETFS Long NZD Short USD ETFS Short NZD Long USD
ETFS Long NOK Short USD ETFS Short NOK Long USD
ETFS Long SEK Short USD ETFS Short SEK Long USD
ETFS Long CHF Short USD ETFS Short CHF Long USD
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William O'Brien, Chief Executive Officer, Direct Edge: "This approval is an exciting milestone for Direct Edge and, importantly, for all market participants who value choice and competition in the market." Direct Edge has announced that the U.S Securities and Exchange Commission ("SEC") has officially approved the exchange applications for its ECN trading systems, EDGA and EDGX, as two registered national securities exchanges....continued
- NYSE Liffe U.S. completes sale of ownership stake to leading market participants
Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext: "With the completion of this transaction, NYSE Liffe U.S....continued
- Box moves to Equinix
John Knuff, head of business development, Equinix: "Its move to Equinix further benefits our existing community members who may want to connect with the Boston Exchange." Equinix, the provider of data center services, and Boston Options Exchange Group, LLC (BOX), an all-electronic equity options market, have announced BOX is moving its operations within the Equinix NY4 International Business Exchange (IBX) data center.
Participants wishing to connect at NY4 can arrange space directly through Equinix....continued
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