NEW YORK , July 14, 2008 –NYSE Euronext (NYX) today announced launch of Van Eck’s Market Vectors-Africa ETF on NYSE Arca. ETFs and ETNs listed on NYSE Arca - an industry leader in ETF and ETN listings and trading - represent 55% of ETF and ETN assets under management in the U.S., nearly $590 billion, the most of any exchange.
Market Vectors-Africa ETF Lists on NYSE Arca, the Largest Exchange in ETF and ETN Listings and Assets Under Management
Market Vectors-Africa Index ETF (NYSE Arca: AFK) allows convenient access to a fast-growing, relatively untapped market that is becoming increasingly sought by investors looking beyond existing international investment opportunities. AFK is designed to track the Dow Jones Africa Titans 50 Index, a rules based index intended to give investors access to the overall performance of companies that are headquartered in Africa or that generate the majority of their revenues in Africa .
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry’s fastest and most innovative trading tools to access liquidity. Including today’s listings, NYSE Arca has 276 ETF primary and 76 ETN listings and trades all other eligible ETFs on a UTP basis. NYSE Euronext remains the global exchange of choice for Exchange-Traded Products with a total of 681 primarylistings.
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $28.5 / 18.4€ trillion (as of May 31, 2008 ), in total global market capitalization more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately 157.5 /103.4 billion (as of May 31, 2008 ), which represents more than one-third of the world's cash equities 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.
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