NEW YORK, July 23, 2010 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the Global X Lithium ETF (Ticker: LIT). The ETF is sponsored by Global X Funds.
The fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index, which is designed to reflect the performance of the lithium industry. It is comprised of common stocks, American Depositary Receipts and Global Depository Receipts of selected companies globally that are primarily engaged in some aspect of the lithium industry, such as lithium mining, exploration, investing and lithium-ion battery production. The stocks are screened for liquidity and weighted according to free-float market capitalization. A specific capping methodology is applied at the semi-annual index review to facilitate compliance with the rules governing the listing of financial products on exchanges in the United States. The index is maintained by Structured Solutions AG.
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 810 primary ETF and 53 primary ETV listings. Additionally, NYSE Arca lists 98 ETNs, 144 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, including cross-listings, NYSE Euronext has 529 primary ETFs, 74 ETVs, 5 ETNs, with a total number of 608 listings across the European markets. In addition, NYSE Euronext lists a total of 14,309 Certificates and Covered Warrants in Paris, Amsterdam, Brussels and Lisbon.
About Global X Funds (Source: Global X Funds)
Global X Funds is one of the most innovative and fastest growing family of exchange traded funds. Funds include a suite of Brazil and China sector-specific ETFs and Silver and Copper Miners ETFs, among others. For more information, please visit www.globalxfunds.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 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.
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.