London Stock Exchange Group welcomes new ETF issuer
Ossiam launches first products in London; opens market
LSEG largest ETF venue in Europe by number of issuers
London Stock Exchange Group today welcomes Ossiam as a new issuer of exchange traded funds (ETFs) on its UK markets. The company is the twentieth to list such products on the Group's markets across London and Milan. There are now more issuers with ETFs listed across the Group than on any other exchange in Europe.
Ossiam has listed 4 products, offering exposure to European and US equity indices. They are:
• OSSIAM ETF iSTOXX Europe Minimum Variance NR
• OSSIAM ETF US Minimum Variance NR
• OSSIAM ETF EURO STOXX 50 Equal Weight NR
• OSSIAM ETF STOXX 600 Equal Weight NR
To mark the occasion Bruno Poulin, Chief Executive of Ossiam, was joined by Xavier Rolet, Chief Executive of London Stock Exchange Group, to open trading at the London Stock Exchange today.
Pietro Poletto, Head of ETFs at London Stock Exchange Group, said:
"Our ETF markets continue to go from strength to strength. Not only do our markets see more ETF volume traded than any other exchange in Europe, but we are host to more ETF issuers than any other exchange in Europe too.
"Through Ossiam's new ETFs, investors will have the opportunity to gain exposure to high quality products on an established, liquid platform."
Today's listings follow the launch of Ossiam's first ETFs on Borsa Italiana on 1 July, when the firm listed four products offering exposure to US and European equity indices.
From today there are 481 ETFs listed on the London Stock Exchange. In the first half of 2011 there were 369,600 ETF trades worth a combined £19 billion on the Exchange's order book, a 40.3 per cent and 33.5 per cent increase respectively on the same period last year.