Bringing you live news and features since 2006 

Rydex Investments transfer CurrencyShares ETFs to NYSE Arca

RELATED TOPICS​

At the end of this month, Rydex Investments will begin the process of transferring eight CurrencyShares exchange-traded funds from the New York Stock Exchange to the NYSE Arca electronic t

At the end of this month, Rydex Investments will begin the process of transferring eight CurrencyShares exchange-traded funds from the New York Stock Exchange to the NYSE Arca electronic trading platform.

The Rydex ETFs that are scheduled to migrate are the CurrencyShares Australian Dollar Trust, CurrencyShares British Pound Trust, CurrencyShares Canadian Dollar Trust, CurrencyShares Euro Trust, CurrencyShares Japanese Yen Trust, CurrencyShares Mexican Peso Trust, CurrencyShares Swedish Krona Trust and CurrencyShares Swiss Franc Trust.

This planned market consolidation, initiated by market-makers in consultation with issuers, is expected to benefit investors in terms of savings, efficiency and overall market performance, thanks to NYSE Arca’s use of dedicated liquidity providers in the form of lead market-makers and market-makers. All four existing NYSE ETF specialists firms are able to act as lead market-makers in primary listings on NYSE Arca.

NYSE Arca’s all-electronic platform is the single largest public liquidity pool for ETFs in the US. In the first half of 2007, NYSE Arca handled 43 per cent of all ETF shares traded, representing an average daily volume of approximately 231.96 million shares. A total of 166 ETFs are listed on NYSE exchanges.

With more than USD2.6bn in assets, the CurrencyShares line-up comprises eight ETFs designed to track the price movements of the underlying currencies. Rydex Investments, which introduced the first currency-based ETF, CurrencyShares Euro Trust, in December 2005, manages USD16bn in assets through more than 80 mutual funds and ETFs.

NYSE Euronext, a holding company created by the combination of NYSE Group and Euronext, began trading on April 4 this year. The group, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, accounts for a combined USD30.8trn in total market capitalisation of listed companies and an average aggregate daily trading value of USD127bn as of June this year.

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by