December 2009
Citi’s LavaFlow ECN Moves Quotes to National Stock Exchange
Tuesday, December 15, 2009
Citi’s LavaFlow ECN (FLOW) has begun migrating its public quotations to the National Stock Exchange, Inc. (NSX®), the two organizations jointly announced today.
FLOW’s quote migration to NSX from the Alternative Display Facility began yesterday and is expected to continue over the next several weeks. FLOW clients can still also get a direct feed from Lava, in addition to the NSX’s direct feed. A copy of the migration schedule for FLOW is available at https://www.lavatrading.com/solutions/nsxrollout.pdf.
“Quoting on the NSX is yet another example of FLOW’s ongoing commitment to meet the best price and execution needs of our customers,” said John Procopion, President, FLOW. “We are appreciative of the NSX’s partnership and are confident our clients will benefit from the stability of the NSX platform.”
Joseph S. Rizzello, NSX Chief Executive Officer, said, “We are very pleased that FLOW has chosen NSX as their primary quoting venue. We believe their decision to do so signifies their recognition of the proven performance and capabilities of NSX’s technology and the utility of our order delivery functionality. We welcome FLOW to NSX and look forward to a strong, successful relationship.”
FLOW provides complete ECN functionality and direct market access with GOTO routing. FLOW offers the ability to place and interact with dark liquidity, increasing the opportunity for price and size discovery, along with protected venue quoting. FLOW’s most active symbols and total volume executed are updated in real-time on the Lava website at https://www.lavatrading.com/flow.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Acknowledged for its proven high-performance, low-latency technology, NSX is also a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.
NSX Releases November 2009 ETF/ETN Data Report;
Monthly ETF Assets Reach New Record
Thursday, December 3, 2009
National Stock Exchange, Inc.(NSX®) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled a new monthly record of approximately $752 billion at November 2009 month-end, an increase of approximately 54% over November 2008 month-end when assets totaled $487.6 billion.
November 2009 net cash inflows from all ETFs/ETNs totaled approximately $17.5 billion, the highest single monthly total thus far for 2009. Year-to-date total net inflows have reached approximately $89.7 billion. At the end of November 2009, the number of listed products totaled 908, with over 400 ETFs posting net cash inflows for the month of November 2009.
This data is included in the full NSX November 2009 Month-End ETF/ETN Data Report released by the Exchange, which has become a key industry source for ETF/ETN data. These Data Reports are published following the end of each calendar month.
To view the full reports go to: http://www.nsx.com/content/market-data. NSX also publishes a product-by-product breakdown of the 908 products on which the data is based. The complete list can be accessed at: http://www.nsx.com/content/etf-product-list.
The NSX monthly statistics include shares of open-end exchange-traded products, encompassing U.S. listed shares of investment companies, grantor trusts, ETNs and commodity pools.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Acknowledged for its proven high-performance, low-latency technology, NSX is also a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.