NYSE Euronext led the market in exchange traded products (ETP) listings with more than 450 new ETN, ETF and other ETP listings globally in 2011.
Exchange group NYSE Euronext listed more than 450 new ETPs globally in 2011, a record year.
NYSE Arca, the group’s fully electronic US market, reported nearly 300 new ETP listings in 2011 – setting a new record compared to 220 new products in 2010.
ETPs now represent approximately 32% of all US equity trading in traded value, an increase of nearly 2% from 2010.
On its European markets, ETF turnover volume reached an all-time high of EUR117 billion, an increase of 17% compared to 2010.
Of the nearly 300 new NYSE Arca listings, 201 were ETFs, 77 were ETNs (a 70% increase from 2010) and 19 were ETVs. There are currently 1,284 NYSE Arca-listed ETPs comprised of 1,005 ETFs, 203 ETNs, and 76 ETVs.
ETVs are similar to ETFs in that they are open-ended, continuously traded and have multiple market makers. The main difference is that ETVs use a secured, undated, zero coupon note structure, whereas ETFs typically use a fund structure.
“NYSE Euronext is proud to see impressive growth and market innovation in Exchange Traded Products on our platform,” said Lisa Dallmer, Chief Operating Officer, European Cash Markets & Europe Market Services.
“Our continued success is a result of our setting the national best bid and offer nearly 85% of the time on our US market, plus our ongoing commitment to technology within the Group, our proven market maker structure and unique consultative approach in working with issuers and the broader ETP marketplace”, said Dallmer.
In Europe, NYSE Euronext, the combined markets of Amsterdam, Brussels, Lisbon and Paris, also enjoyed record levels of new ETP listings in 2011. Strong double-digit growth seen in previous years continued in 2011 with 157 new listings of ETFs, up 23%, including those from two new issuers.
ETPs represented approximately 10% of all equity trading in traded value on NYSE Euronext (Europe), an increase of nearly 8% from 2010. At the end of 2011, there were 690 listings of 592 ETFs and 75 listings of 43 ETVs, with combined assets under management of EUR141 billion.