NEW YORK , February 25, 2010 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading twonew Direxion Shares ETFs.
Two New Direxion Shares ETFs List on NYSE Arca
Name and Ticker Symbol of the Two Direxion Shares ETFs:
- Direxion Daily Two Year Treasury Bull 3X Shares- Ticker Symbol “TWOL”
- Direxion Daily Two Year Treasury Bear 3X Shares- Ticker Symbol “TWOZ”
The Direxion Daily Two Year Treasury Bull 3X Shares seek daily investment results, before fees and expenses, of 300% of the price performance of the NYSE Current 2-Year U.S. Treasury Index, which is a one-security index comprised of the most recently issued 2-Year Treasury note. The Direxion Daily Two Year Treasury Bear 3X Shares seek daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the same index.
These funds seek a 300% or -300% return, respectively, of an index for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. The funds’ prospectus describing correlation, leverage and other risks is available at www.direxionfunds.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 766 primary ETF and 50 primary ETV listings. Additionally, NYSE Arca lists 91 ETNs, 174 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 497 primary ETFs, 74 ETVs, 5 ETNs, with a total number of 576 listings across the European markets. In addition, NYSE Euronext lists a total of 1,722 Certificates and Covered Warrants in Paris , Amsterdam , Brussels and Lisbon .
About Direxion(Source: Direxion)
Direxion Funds and Direxion Shares, managed by Rafferty Asset Management, LLC, offer leveraged index funds, ETFs and alternative-class fund products for investment advisors and sophisticated investors who seek to effectively manage risk and return in both bull and bear markets. Founded in 1997, the company has approximately $6.2 billion in assets under management as of 10/31/09. The company’s business model is built on continuous product innovation, exceptional customer service and a commitment to building strategic relationships with distribution partners. For more information, please visit www.direxionshares.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent nearly 40 percent of the world's equities trading, 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. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://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.