Barclays Bank PLC Lists Two New iPath[R] ETNs on NYSE Arca.-Currently 30 iPath([R]) ETNs listed and trading on NYSE NYSE See: New York Stock Exchange Arca- NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- NYSE Euronext (NYX Noun 1. Nyx - (Greek mythology) Greek goddess of the night; daughter of Chaos; counterpart of Roman Nox Greek mythology - the mythology of the ancient Greeks ) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the iPath([R]) S&P 500 VIX VIX The implied volatility on the S&P 100 (OEX) option. This volatility is meant to be a forward looking volatility. It is calculated from both calls and puts that are near the money. The VIX is a popular measure of market risk. Short-Term Futures(TM) ETN ETN Eaton Corporation (stock symbol) ETN Exchange Traded Note (investing) ETN European Travel Network ETN Electronic Tandem Network ETN Educational Telephone Network (NYSE Arca: VXX) and the iPath([R]) S&P 500 VIX Mid-Term Futures(TM) ETN (NYSE Arca: VXZ). Barclays Bank PLC is the issuer, Barclays Capital Inc. is the issuer's agent and Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. assists in the promotion of iPath([R]) ETNs to intermediaries. The ETNs provide investors with exposure to one or more maturities of futures contracts on the CBOE Volatility Index CBOE Volatility Index See VIX Index. ([R]) which reflects the implied volatility of the S&P 500[R] Index at various points along the volatility forward curve. "VXX" is designed to track the S&P 500 VIX Short-Term Futures(TM) Index TR which targets a constant weighted average future maturity of one month. "VXZ" is designed to track the S&P 500 VIX Mid-Term Futures(TM) Index TR which targets a constant weighted average futures maturity of five months. The indices were created by Standard & Poors, a division of the McGraw Hill-Companies, Inc. The prospectus and other information is available at the iPath website. For more information, please visit: http://www.iPathETN.com/ About Barclays Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 150,000 people. Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide. For further information about Barclays, please visit our website: http://www.barclays.com. Background on Exchange Traded Products (ETPs) on NYSE Euronext NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. (ETFs), Exchange Traded Notes Introduction Structured product is a kind of synthetic investment instrument specially created to meet specific needs that cannot be met from the standardized financial instruments available in the markets. (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 714 primary ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). and ETV ETV abbr. educational television ETV n abbr (US) (= Educational Television) → televisión escolar ETV n abbr (US) (= Educational Television listings. Additionally, NYSE Arca lists 85 ETNs, 242 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges Unlisted Trading Privileges Rights granting an exchange to trade an unlisted security. Notes: These privileges are offered to member firms. In order to obtain unlisted trading privileges, the exchange must file an application with the SEC for approval. basis. On its European markets, NYSE Euronext has 396 primary ETFs, 73 ETV listings, 1 ETN and lists a total of 15,243 Warrants and Certificates as of the end of December 2008. About NYSE Euronext NYSE Euronext (NYX) is the world's leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext's exchanges include the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext's equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com. Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's reference document for 2007 ("document de reference") filed with the French Autorite des Marches Financiers (Registered on June 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein. |
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