ETF/ETN Launch For Currency Trading (ERE, SZE, CUD, ADE, EGB)

247wallst — Fri, 22 Feb 2008 09:50:25 +0000

The NYSE Euronext has commenced the launch of trading of an ETF, actually an ETN, that will allow traders to trade several currencies just like buying or selling a stock.

5 Elements Spot Currency Exchange Traded Notes (ETN’s) were launched on the NYSE Arca this morning. The 5 listings track the Euro, Swiss Franc, Canadian Dollar, Australian Dollar, and the British Pound. The listings are as follows:

EUR/USD Exchange Rate ETN (NYSE: ERE) tracks the Euro.
CHF/USD Exchange Rate ETN (NYSE: SZE) tracks the Swiss Franc.
CAD/USD Exchange Rate ETN (NYSE: CUD) tracks the Canadian Dollar.
AUD/USD Exchange Rate ETN (NYSE: ADE) tracks the Australian Dollar.
GBP/USD Exchange Rate ETN (NYSE: EGB) tracks the British Pound.

Unfortunately, trading data has not been seen.

Rachel Lopez
February 22, 2008

24/7 Wall St. » CUD

ETF/ETN Launch For Currency Trading (ERE, SZE, CUD, ADE, EGB)