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MacroShares crude oil products begin trading on NYSE Arca

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NYSE Euronext has announced that its fully-owned subsidiary NYSE Arca has begun trading two MacroShares exchange traded funds on a listed basis after the group transferred from NYSE Alt

NYSE Euronext has announced that its fully-owned subsidiary NYSE Arca has begun trading two MacroShares exchange traded funds on a listed basis after the group transferred from NYSE Alternext US.

The underlying value of the securities tracks the spot price of West Texas Intermediate light, sweet crude oil.

MacroShares give investors and hedgers the ability to hold an economic interest in either the upward or the downward movement of the reference index because every MacroShares offering is comprised of a pair of securities that trade separately.
 
Lisa Dallmer, of global exchange traded products and indexes, NYSE Euronext, says: ‘We are pleased to welcome the MacroShares Up and Down Oil Trust to NYSE Arca. MacroShares, the first issuer of paired trust securities, is an innovator, and we look forward to listing more paired trust securities developed by MacroShares that will give investors the opportunity to track important sectors of the economy.’

Paired trust securities are designed to allow investment in either the upward or inverse price change in oil prices as measured by crude oil futures. The securities are designed to have a five-year term, have no credit or counterparty risk and are fully collateralized by US Treasuries bills and cash.

MacroMarkets has also filed with the Securities Exchange Commission for MacroShares Major Metro Housing, benchmarked to the S&P/Case Shiller Composite-10 index and MacroShares Medical Inflation, benchmarked to the medical inflation component of the Consumer Price Index.

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