-Adding 16 New iShares®Transfers for a Total of 165 NYSE Group Listed ETFs-
NYSE Group Leads U.S. Exchanges in ETF Trading
-Largest ETF Liquidity Pool in the U.S. with Leading Share of Trading and Volume Growth-
New York, Feb. 16, 2007 – NYSE Group, Inc. (NYSE: NYX) today announced that 16 new iShares® ETFs transferred their primary listing from the American Stock Exchange to the New York Stock Exchange as part of the previously announced agreement with iShares in 2005. The addition of these products solidifies NYSE Group, Inc. as the world’s premier venue for ETF listings and trading, with 165 primary listings while handling 43% of all ETF shares traded in the U.S. market in 2006.
“NYSE Group has assumed a leadership position in the growing ETF space, fulfilling a goal we identified as an essential component of our multi-asset growth strategy,” said Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer . “We believe that through the NYSE and NYSE Arca exchanges, we offer investors, product sponsors and market professionals the most compelling value proposition. NYSE Group’s commitment to continuously improving our trading technology is apparent in our market quality statistics of quoted spreads, certainty of execution and speed of acknowledged orders, which can average only 2 milliseconds.
“ETFs are based on the prices of other securities, so the technology tools we provide to market professionals and investors are essential to facilitate access to the deep liquidity found only on our book. With ETF trading volume increasing over 60% on our exchanges in 2006, we look forward to continuing to provide the industry standard in listing and trading ETFs as we add more ground-breaking products that meet the demands of the investment community in 2007.”
So far in 2007, NYSE Group has listed 30 new ETFs with innovative investment objectives for investors. In January, iShares chose the NYSE as the primary listing exchange to expand their offering of the industry’s first suite of fixed-income ETFs, followed by the new HealthSharesTM family of vertically defined healthcare ETFs and the CurrencySharesSM Japanese Yen Trust, which joins the seven existing Exchange listed currency-focused products offered by Rydex Investments.
As the largest exchange for ETF trading, NYSE Group is committed to offering investors the most unique new investment options with superior pricing and market quality.
For more information and data on NYSE Group listed ETFs and other products, please visit: http://www.nyse.com/etfs.
About NYSE Group, Inc
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In 2006, on an average trading day, 2.3 billion shares, valued at $86.8 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On December 31, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $25.0 trillion.
NYSE Arca, Inc. operates the former ArcaEx®, the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca, Inc.’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on NYSE Group’s current expectations and involve risks and uncertainties that could cause NYSE Group’s actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause NYSE Group’s results to differ materially from current expectations include, but are not limited to: NYSE Group’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Group’s Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Group that the projections will prove to be correct. NYSE Group undertakes no obligation to release any revisions to any forward-looking statements.