October 2008
NSX Announces New Connectivity With Portware
Monday, October 13, 2008
National Stock Exchange, Inc. (NSX®) today announced that it has opened another line of connectivity to its marketplace through Portware, enabling Portware’s diverse customer base to gain immediate and direct access to NSX’s markets. Portware is a leading provider of multi-asset, automated and algorithmic trading software and solutions to the global securities marketplace.
“Through NSX’s connectivity with Portware, both buy-side and sell-side customers will be able to take advantage of NSX’s liquidity, low latency, and highly competitive pricing,” said James Kearney, NSX Senior Vice President, Business Development and Client Relations. “NSX will continue to add these key connections for its customers as we remain committed to meeting the needs of the marketplace.”
Eric Goldberg, CEO, Portware, adds: “Portware provides clients with unparalleled access to trading destinations worldwide. The NSX represents a valuable addition to the 300 plus destinations available via Portware, and I am sure that our clients will benefit greatly from this partnership.”
About NSX
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Founded in 1885, NSX has been a driving force for change in the world of securities exchanges and continues to lead the way in exchange innovation. For more information on NSX, visit www.nsx.com.
About Portware
Founded in 2000, Portware LLC is the financial industry's leading developer of broker-neutral, automated trading software for global equities, futures, options and FX. With offices in New York, London, Hong Kong, and Hyderabad, Portware works in partnership with its clients to create highly integrated solutions to streamline workflow and increase operational efficiencies on trading desks worldwide. Portware's flagship product, Portware Enterprise, is a fully customizable, FIX-compliant trade management and execution system for single asset, portfolio, basket, automated and algorithmic trading. Portware Enterprise has been implemented at more than 130 financial firms worldwide, including sell-side program trading desks, quantitative hedge funds and investment management firms. For more information on Portware, visit www.portware.com.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. A driving force for change in the world of securities exchanges, NSX continues to provide pricing leadership and promote transparency in the industry. Acknowledged for its proven high-performance, low-latency technology, NSX is also becoming a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.
NSX Releases September ETF/ETN Data Report
Monday, October 6, 2008
National Stock Exchange, Inc. (NSX®) today announced that U.S. listed Exchange-Traded Fund (ETF) and Exchange-Traded Note (ETN) assets reached $593.3 billion at the end of September 2008, an increase of almost 5 percent over $566.2 billion reached one year ago. In addition, net cash inflows for the month of September 2008 reached a new monthly record total of $57.2 billion.
ETF/ETN notional trading volume during September 2008 totaled $2.8 trillion, representing a record 35% of all U.S. equity trading volume.At the end of September 2008, the number of listed products totaled 813, compared to 593 listed products one year ago.
This data is included in NSX's September 2008 Month-End ETF/ETN Data Report released today. NSX began publishing Data Reports with the release of the June 2007 Report and has become a key industry source for ETF/ETN data. These Data Reports are published following the end of each calendar month.
The NSX monthly statistics include shares of open-end exchange-traded products, encompassing listed shares of investment companies, grantor trusts, ETNs and commodity pools.
NSX's full report provides ETF data on Assets Under Management (AUM), Net Cash Flow and Notional Volume, broken out by Issuer, by Category, and the Top 10 ETFs by Size. To view this report go to: http://www.nsx.com/content/market-data.
In addition, NSX publishes a product-by-product breakdown of the 813 products on which the data is based. The complete list can be accessed at: http://www.nsx.com/content/etf-product-list.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. A driving force for change in the world of securities exchanges, NSX continues to provide pricing leadership and promote transparency in the industry. Acknowledged for its proven high-performance, low-latency technology, NSX is also becoming a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.
National Stock Exchange Appoints Sarah E. Heffron to NSX Boards
Wednesday, October 1, 2008
National Stock Exchange, Inc. (NSX®) today announced the appointment of Sarah E. Heffron, Executive Director at J.P. Morgan, as a Director on the National Stock Exchange, Inc. Board. She was also appointed Director to the Board of NSX Holdings, Inc., the Exchange’s parent company.
As J.P. Morgan Executive Director of Electronic Client Solutions, Ms. Heffron is currently responsible for electronic trading product development for exchange based products globally, focusing on the prime brokerage and hedge fund distribution channels in
J.P. Morgan’s Investment Bank. Ms. Heffron replaces Aldo Parcesepe, previously of Bear, Stearns & Co. Inc., who recently retired from NSX’s Boards.
“We are pleased to have Sarah as a member of NSX’s Boards as she brings a depth of knowledge and a new perspective on the issues facing the securities industry,” said Joseph S. Rizzello, NSX Chief Executive Officer and Chairman of NSX Holdings, Inc. “Her experience with electronic trading platforms will be particularly valuable to NSX as we continue to execute our business strategy going forward.”
Ms. Heffron joined J.P. Morgan in 1999 and spent several years in Foreign Exchange and Equity Derivatives in various roles including project management and technology development. In 2004, she moved to Institutional Equities to build out an electronic execution trading desk. Since then, she has been instrumental in business development initiatives within Equities trading and the expansion of J.P. Morgan’s electronic trading product globally and across asset classes. In 2006, she was appointed the North American head of J.P. Morgan’s Electronic Client Solutions portal strategy team where she was responsible for platform distribution of the firm’s global direct market access and algorithmic trading products to institutional customers. She received a Bachelor of Science degree in Computer Science from Tulane University.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. A driving force for change in the world of securities exchanges, NSX continues to provide pricing leadership and promote transparency in the industry. Acknowledged for its proven high-performance, low-latency technology, NSX is also becoming a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.