-Currently 30 iPath®ETNs listed and trading on NYSE Arca-
Barclays Bank PLC Lists Two New iPath® ETNs on NYSE Arca
NEW YORK , January 30, 2009–-NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the iPath®S&P 500 VIX Short-Term FuturesTMETN (NYSE Arca: VXX) and the iPath®S&P 500 VIX Mid-Term FuturesTMETN (NYSE Arca: VXZ). Barclays Bank PLC is the issuer, Barclays Capital Inc. is the issuer’s agent and Barclays Global Investors assists in the promotion of iPath® ETNs to intermediaries.The ETNs provide investors with exposure to one or more maturities of futures contracts on the CBOE Volatility Index® which reflects the implied volatility of the S&P 500® Index at various points along the volatility forward curve.
“VXX” is designed to track the S&P 500 VIX Short-Term FuturesTM Index TR which targets a constant weighted average future maturity of one month.
“VXZ” is designed to track 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. The prospectus and other information is available at the iPath website. For more information, please visit: http://www.iPathETN.com/
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
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 714 primary ETF and ETV listings. Additionally, NYSE Arca lists 85 ETNs, 242 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 396 primary ETFs, 73 ETV listings, 1 ETN and lists a total of 15,243 Warrants and Certificates as of the end of December 2008.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’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 Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on June 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. 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 Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.