NEW YORK , September 24, 2009 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the United States Short Oil Fund, LP, sponsored by United States Commodity Funds LLC, under the ticker symbol “DNO”. This is the sixth United States Commodity Funds LLC exchange traded vehicle to list on NYSE Arca.
United States Commodity Funds Lists United States Short Oil Fund, LP on NYSE Arca
The investment objective of the Fund is to have the changes in percentage terms of its units’ net asset value inversely reflect the changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of a designated benchmark futures contract on light, sweet crude oil as traded on the New York Mercantile Exchange, less the Fund’s expenses. For more details, see the Fund’s prospectus and other information at www.unitedstatescommodityfunds.com .
"We are pleased to expand our relationship with United States Commodity Funds," said NYSE Euronext Executive Vice President, Exchange Traded Funds and Indices, Lisa Dallmer. "Today's listing demonstrates NYSE Euronext's growing breadth of issuer relationships and commitment to bringing some of the most uniquely designed funds to the market."
About United States Commodity Funds, LLC:
United States Commodity Funds LLC is the manager of exchange traded securities that are designed to track the movements in the prices of different commodity futures. United States Commodity Funds LLC is registered with the CFTC as a commodity pool operator and has approximately $5.5 billion in assets under management as of August 31, 2009. (Source: United States Commodity Funds LLC)
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 693 primary ETF and 47 primary ETV listings. Additionally, NYSE Arca lists 83 ETNs, 208 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 417 primary ETFs, 73 ETV listings, 4 ETN and lists a total of 12,256 Warrants and Certificates as of the end of August 2009.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. 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.
NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.