ISE Partners with UBS to Launch Two New Exchange-Traded Notes (ETNs)09.21.2011
ISE Partners with UBS to Launch Two New Exchange-Traded Notes (ETNs)
Based on ISE’s Solid State Drive™ Index
NEW YORK, September 21, 2011 – The International Securities Exchange (ISE) has launched the ISE Solid State Drive™ Index (Ticker: BYT), a benchmark that allows investors to track companies actively involved in the solid state drive segment of the electronic storage industry. To be eligible for inclusion in the index, companies must either produce finished solid state drives or supply components used to manufacture solid state drives.
ISE has also partnered with UBS to launch two exchange-traded notes linked to this new index: ETRACS ISE Solid State Drive Index ETN (Ticker: SSDD) and the ETRACS Monthly 2xLeveraged ISE Solid State Drive Index ETN (Ticker: SSDL). These are the first such ETNs providing investors with exposure to this segment of the electronic storage industry. Both products began trading on NYSE Arca on September 15, 2011.
“The launch of the ISE Solid State Drive Index and these respective ETNs demonstrates the ongoing development of our successful collaboration with UBS,” said Kris Monaco, Head of New Product Development at ISE. “These additions to our product offering of both strategy-based and futures-based indexes further expand our portfolio of indexes that serve as actionable investment strategies for exchange-traded products (ETPs).”
These two new products are part of a portfolio of four UBS-issued ETNs based on ISE indexes. T here are currently 15 ETPs based on ISE’s proprietary indexes, including 11 ETFs. Aggregate assets under management (AUM) for the associated funds is approximately $1 billion.
Historical index values, real-time pricing information and methodology guides for ISE indexes are available on ISE’s website at www.ise.com/index .
The International Securities Exchange (ISE) operates a leading U.S. options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services. As a complement to its options business, ISE has expanded its reach into multiple asset classes through strategic investments in financial marketplaces and services that foster technology innovation and market efficiency. Through minority investments, ISE participates in the securities lending and equities markets. ISE also licenses its proprietary Longitude technology for trading in event-driven derivatives markets. ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly operated by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives. For more information, visit www.ise.com.
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