| Barclays new iShares Funds Info |
Barclays new iShares FundsBarclays Global Investors Lists Two New Exchange Traded Funds On The NASDAQ Stock Market -- The Most Liquid U.S. Market for ETFs NEW YORK, March'08 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market has listed two new exchange-traded funds (ETFs) sponsored by Barclays Global Investors, N.A. (BGI) -- the world's largest ETF provider. NASDAQ is the most liquid U.S. market for ETFs, capturing 39.0% of all U.S. ETF volume in February. Matched volume was 8.1 billion, more than any other U.S. exchange.
- - - - - - - - - - - The BGI-sponsored ETFs are trading on the NASDAQ ETF Market. This market is designed specifically to support ETFs and Index Linked Notes (ILNs) during their critical period of incubation and further strengthen NASDAQ's leadership position in the U.S. ETF sector. Effective today, the following BGI-sponsored ETFs listed on NASDAQ: * iShares MSCI ACWI Index Fund (Nasdaq:ACWI) * iShares MSCI ACWI ex US Index Fund (Nasdaq:ACWX) "We are pleased to list these new iShares ETFs on NASDAQ," said Noel Archard, Head of iShares Product Development. "These new products give investors exposure to a broad range of international economies, and are trading on a market designed specifically for them." The focus of The NASDAQ ETF Market is the Designated Liquidity Provider, a Market Maker who has been selected to maintain liquidity in qualified ETFs (i.e., Qualified Securities). NASDAQ requires Designated Liquidity Providers to maintain a higher standard of market quality measured by spread, depth, and time quoting at or near the National Best Bid and Offer (NBBO). They receive price incentives to support ETFs during their period of initial listing, when ETFs need to develop more active trading. Designated Liquidity Providers are selected by NASDAQ based on factors including experience with making markets in ETFs and ILNs, adequacy of capital, willingness to promote NASDAQ as a marketplace, issuer preference, operational capacity, support personnel, and history of adherence to NASDAQ rules and securities laws. The NASDAQ ETF Market allows the traditional floor-based specialist, which has historically provided initial liquidity to new ETFs, to play a similar role by placing two-sided quotes in the NASDAQ Market Center. This enables ETF sponsors to continue to have the ability to develop "preferred" relationships with intermediaries. ETF issuers may choose a single Designated Liquidity Provider or multiple, competing liquidity providers. This flexible structure enables ETF issuers and traders to interact based on the needs of the issuer as they vary throughout the life cycle of the ETF. Profit from market newsletter stock timing... Click here - - - - - - - - - - - NASDAQ OMX is a leading index calculator, designer and creator of some of the world's most popular ETFs, including PowerShares QQQ(tm) (Nasdaq:QQQQ) -- one of the most heavily traded listed equity securities in the U.S. and one of the most active ETFs in the world. PowerShares QQQ is designed to correspond to the price and yield performance of the NASDAQ-100 Index(r), the basis of more than 500 investment products in more than 36 countries. Top of this Barclays new iShares Funds page.
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