Executives and guests of Barclays iPath team visit the NYSE to celebrate the recent IPOs and listing on NYSE Arca of the iPath® S&P 500 VIX Short-Term FuturesTM ETN (NYSE Arca: VXX) and the iPath® S&P 500 VIX Mid-Term FuturesTM ETN (NYSE Arca: VXZ). These are the first iPath® ETNs that provide exposure to volatility. In honor of the occasion, Michael Schmanske, Head of Equities Index Trading and Managing Director, Barclays Capital, rings The Opening BellSM.|
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The iPath® S&P 500 VIX Short-Term FuturesTM ETN and the iPath® S&P 500 VIX Mid-Term FuturesTM ETN are senior, unsecured, unsubordinated debt securities issued by Barclays Bank PLC. VXX is linked to the performance of the S&P 500 VIX Short-Term FuturesTM Index TR which targets a constant weighted average futures maturity of one month. VXZ is linked to the performance of the S&P 500 VIX Mid-Term FuturesTM Index TR which targets a constant weighted average futures maturity of five months. The indices were created by Standard & Poors, a division of the McGraw Hill-Companies, Inc.
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 150,000 people. Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide. For further information about Barclays, please visit our website: http://www.barclays.com