NEW YORK, June 2, 2010 –- NYSE Euronext (NYX) announced today that its wholly-owned subsidiary NYSE Arca began trading units of the US Brent Oil Fund, LP (Ticker: BNO), a commodity pool managed by United States Commodity Funds, LLC.
The investment objective of the pool is for the daily changes in percentage terms of its units’ net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on ICE Futures Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire, less the pool’s expenses. For more details, see the pool’s prospectus and other information at www.unitedstatescommodityfunds.com.
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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 781 primary ETF and 51 primary ETV listings. Additionally, NYSE Arca lists 91 ETNs, 171 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 USCF (Source: 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 $7.4 billion in assets under management as of December 31, 2009.
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 approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses 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
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