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MacroMarkets lists two exchange-traded products on NYSE Arca

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NYSE Euronext’s wholly-owned subsidiary, NYSE Arca, has begun trading MacroShares Major Metro Housing Down Trust and MacroShares Major Metro Housing Up Trust, both exchange traded produ

NYSE Euronext’s wholly-owned subsidiary, NYSE Arca, has begun trading MacroShares Major Metro Housing Down Trust and MacroShares Major Metro Housing Up Trust, both exchange traded products sponsored by MacroMarkets.

The MacroShares Metro Housing ETPs are based on the S&P/Case-Shiller Composite-10 Home Price Index, an indicator of US.home prices in the ten largest cities.

MacroShares Major Metro Housing trusts provide investors with access to the housing asset class, allowing for leveraged investment in either the upward or downward movement of home prices with no issuer or counterparty credit risk.

When MacroShares Major Metro Housing Up are created, an equal number of MacroShares Major Metro Housing Down are also created.

UMM funds are invested in the Major Metro Housing Up Trust. DMM investor funds are invested in a separate Major Metro Housing Down Trust. These trusts enter into a binding agreement to pledge assets to one another over time, according to a predetermined formula that is driven by changes in the Reference Index.

The trusts feature a 3x leverage factor, such that the underlying value of each is intended to track three times the cumulative percentage change, upward or downward, in US single family home prices, as measured by the S&P/Case-Shiller Composite-10 Home Price Index.

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