London Stock Exchange welcomes…
Source, a new issuer of Exchange Traded Commodities (ETCs) onto its markets. Source has listed its Physical Gold ETC (Gold P-ETC) which tracks the performance of gold by investing directly in gold bullion and has chosen London Stock Exchange in order to make its product available for trading in US dollars.
Pietro Poletto, Head of ETFs and ETCs for London Stock Exchange Group, said:
“We are delighted to welcome a new issuer, Source, to our ETC market. Their new US dollar-denominated Gold P-ETC highlights the benefits of London Stock Exchange’s multi-currency service, which allows ETF and ETC issuers to offer products denominated in US dollars, as well as Sterling and Euro.”¹
There are currently 189 ETFs listed on London Stock Exchange, 1 Exchange Traded Note (ETN) and now 124 ETCs.
London Stock Exchange was the first exchange in Europe to offer listing and trading of ETCs when its ETC market launched in September 2006. The average daily number of ETF and ETC trades across London Stock Exchange Group grew 115% year-on-year in May to 13,607 and the average daily value of ETF and ETC trades grew 71% to £371m for the same period.
Source:ETFWorld.co.uk – LSE
Lascia un commento