The London Stock Exchange today announces that UBS has become a new issuer of Exchange Traded Commodities (ETCs) on its markets. The bank has admitted 69 products in its first major issuance of ETCs in Europe outside Switzerland.
Pietro Poletto, Head of ETFs and ETCs at London Stock Exchange Group, said:
"We are delighted to welcome UBS's new products today. London is fast becoming the venue of choice for issuers looking to break into the European marketplace for exchange traded products. Our market continues to evolve at an encouraging pace as both the breadth of products, and the level of trading activity, maintain trends of strong growth."
In the last four weeks two European Exchange Traded Fund (ETF) providers, Osmosis Capital and Marshall Wace Indices, have chosen the London Stock Exchange on which to list their first products.
The average daily value traded in ETFs and ETCs across the London Stock Exchange's markets in February was Â£169 million, a 19 per cent increase year-on-year. The average daily number of trades was 3,002, an increase of 11 per cent year-on-year.