Product Launches Represent BOOST ETP-NASDAQ OMX Collaboration
The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced exchange-traded product (ETP) provider BOOST ETP will launch ten new exchange-traded products in the United Kingdom (UK) that are based on indexes in the NASDAQ Commodity Index FamilySM. They are the first products linked to the NASDAQ Commodity Index Family.
John Jacobs, NASDAQ OMX EVP and Head of NASDAQ OMX Global Index Group, said, "The roll-out of these ETPs is a significant milestone for NASDAQ OMX's index business and our growing relationship with BOOST ETP. We look forward to continuing to support our partnership and serving the needs of investors by creating indexes that track a variety of asset classes and regions."
The following ETPs will begin trading today on the London Stock Exchange:
Boost WTI Oil 3x Leverage Daily ETP
Boost WTI Oil 3x Short Daily ETP
Boost Gold 3x Leverage Daily ETP
Boost Gold 3x Short Daily ETP
Boost Copper 3x Leverage Daily ETP
Boost Copper 3x Short Daily ETP
Boost Natural Gas 3x Leverage Daily ETP
Boost Natural Gas 3x Short Daily ETP
Boost Silver 3x Leverage Daily ETP
Boost Silver 3x Short Daily ETP
BOOST ETP Co-CEO Hector McNeil comments: "We selected NASDAQ's commodity indexes for these ETPs because they are well-constructed and based on objective and transparent methodology, characteristics that investors are demanding. The market for leveraged and short ETPs is growing and we will continue to collaborate with NASDAQ OMX to give investors the tools they need to potentially fulfill their investment objectives."
BOOST recently became the first ETP provider in Europe to focus on issuing 3x leveraged and 3x short ETPs and promptly introduced two ETPs based on the popular NASDAQ-100 Index®: the BOOST NASDAQ 100® 3x Leverage Daily ETP and the BOOST NASDAQ 100® 3x Short Daily ETP. To explain how the leveraged and short ETPs will work, BOOST will hold its first investor conference call on January 10, 2013.
BOOST expects to introduce up to 100 different ETPs across all asset classes in the next two years.