Index designed to track technological innovation
NYSE Group, Inc. Launches NYSE Arca Tech 100 ETF
NEW YORK , Mar. 28, 2007- NYSE Group, Inc. today announced the listing of the NYSE Arca Tech 100 ETF (NYSE Arca: NXT ). NXT is based on the price-weighted NYSE Arca Tech 100, a widely recognized benchmark for the technology sector.
Tracking the top 100 technology-related common stocks and ADRs across various U.S. exchanges, NXT provides investors with access to growing and cutting edge companies. With holdings from 16 industries, the NYSE Arca Tech 100 ETF’s unique multi-industry spectrum offers a diversified approach to technology investing.
“We are very pleased to introduce the NYSE Arca Tech 100 ETF,” said NYSE Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “Based on the index, the ETF holds constituents ranging from semiconductors to health care companies, and reflects companies implementing innovative technology in their products and services across many disciplines.”
The NYSE Arca Tech 100 ETF is a series of the Ziegler Exchange Traded Trust, sponsored and managed by Ziegler Capital Management, LLC.
This is the first ETF to IPO on the NYSE Arca exchange. Including today’s new listings, NYSE Group markets have 176 primary ETF listings and trade all other eligible ETFs on a UTP basis. In 2006, NYSE Group handled over 43% of all ETF shares traded in the U.S. market. As the largest exchange for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.
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.