Claymore and NYSE Euronext have announced that the Claymore/Robb Report Global Luxury Index ETF will transfer from the New York Stock Exchange to the NYSE Arca listing and trading platform
Claymore and NYSE Euronext have announced that the Claymore/Robb Report Global Luxury Index ETF will transfer from the New York Stock Exchange to the NYSE Arca listing and trading platform on December 10.
NYSE Arca’s electronic platform is the single largest liquidity pool for ETFs in the US, handling 43 per cent of all ETF shares traded in the US in the first half of this year, representing an average daily volume of 231.96 million shares per day.
All existing NYSE ETF specialist firms are already acting as lead market-makers in primary listings on NYSE Arca. The NYSE group has initiated the switch from the main exchange to the Arca platform because it believes that offering a single, harmonised platform for listing and trading ETFs will further improve efficiencies and market quality.
NYSE Euronext, which comprises six cash equities exchanges and six derivatives exchanges, is active in listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. It represents a combined USD30.3trn total market capitalisation of listed companies and average daily trading value of USD139bn as of the end of September.
Claymore Securities is a privately-held financial services company that at the end of September provided supervision, management, servicing or distribution on USD18.4bn in assets through closed-end funds, unit investment trusts, mutual funds and exchange-traded funds.
