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Quarterly Report

A Strong First Quarter For ETFs

The ETF industry had a strong start to 2018 alongside the renewed market volatility, finishing Q1 with 81 new ETFs listed with more than $6 billion in AUM.

It was great catching up with many of you at Inside ETFs in Florida. This has fast become our industry’s premier gathering, and plays a key role in setting the industry agenda for the year ahead.

Our ETF market place continues to grow and we were pleased to introduce 55 new ETFs on NYSE Arca, and we welcomed seven new issuers to our community: Amplify, American Century, Bank of Montreal, BP Capital Fund Advisors, Breakwave Advisors, Metaurus, and Whitford Asset Management. We also welcomed four new transfers from other venues:

  • FLAG-Forensic Accounting Long-Short ETF (Ticker: FLAG)
  • Vident International Equity ETF (Ticker: VIDI)
  • Vident Core U.S. Equity ETF (Ticker: VUSE)
  • Vident Core U.S. Bond Strategy ETF (Ticker: VBND)

Thank you for your support. We stand ready to support your requirements around this dynamic marketplace, so please reach out if we can be helpful.

Sincerely,

Douglas M. Yones, ChFC
Head of Exchange Traded Products
New York Stock Exchange

NYSE Arca has the most market share in trading volume with nearly 2 times more liquidity than the next largest exchange.
Nearly 82% of all U.S. ETF AUM is listed on NYSE Arca.
NYSE Arca has the narrowest quoted bid/ask spreads.

REGULATORY UPDATES

Active Non-Transparent Filing

On January 22, 2018 Natixis announced that it has entered into an agreement to license NYSE’s methodology to operate an actively managed, periodically disclosed ETF. The proposed ETFs will use our methodology to disclose on a daily basis a proxy portfolio designed to reflect the economic exposures and risk characteristics of the ETF’s actual portfolio at the end of the trading day.

This marks an important development for ETF innovation that will provide even greater investor choice.

Additional Information on The Filing


Official Closing Price

On March 20, 2018, the NYSE received SEC approval for a new process to set a new Official Closing Price (“OCP”) for Exchange Traded Products. The new Official Closing Price is now derived by adding a percentage of the time-weighted average price (“TWAP”) of the National Best Bid and Offer (NBBO) midpoint and a percentage of the last consolidated trade, before the scheduled close of trading on that trading day. This change will enable us to set a better closing price, especially for products that are not actively traded.

Additional Information on the New Process


2017 ETF Highlights Video

Watch how NYSE supported our ETF issuers in 2017

Interested in listing at NYSE?