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

February 22, 2008 by Douglas A. McIntyre

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

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