March 2010
Citi’s LavaFlow ECN Quotes Now Fully Migrated to National Stock Exchange
Monday, March 8, 2010
Citi’s LavaFlow ECN (FLOW) has completed the migration of 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 December 14, 2009 and was fully completed February 27, 2010. NSX offers attribution for LavaFlow on the NSX Depth-of-Book feed, enabling clients to identify FLOW quotes by name in the full depth of NSX’s book. In addition to NSX’s direct feed, FLOW clients can still also receive a direct feed from Lava.
“The efficient transition of FLOW’s quotes over to NSX bodes well for the future relationship between our organizations and the level of service our subscribers deserve,” said John Procopion, President, FLOW. “We believe the performance of NSX’s platform and the responsiveness of the NSX team will serve our subscribers well.”
Joseph S. Rizzello, NSX Chief Executive Officer, said, “In choosing NSX as their primary quoting venue, FLOW has demonstrated their belief in our systems, our high quality service and in our management team. It is NSX’s intention to exceed their expectations, providing their clients with consistent best-in-class stability and reliability.”
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 February 2010 ETF/ETN Data Report
Tuesday, March 2, 2010
National Stock Exchange, Inc.(NSX®) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $765 billion at February 2010 month-end, an increase of approximately 66% over February 2009 month-end when assets totaled $460.6 billion. At the end of February 2010, the number of listed products totaled 964, compared to 843 listed products at the end of February 2009.
February 2010 net cash inflows from all ETFs/ETNs totaled approximately $5.4 billion. Fixed income products continue to show strong growth with $2.3 billion in net inflows for February 2010, and a category-leading $5.4 billion year-to-date. U.S. equities posted monthly net cash inflows of over $5.8 billion for February 2010, following last month’s record net cash outflows for the category of over $19.6 billion.
This data is included in the full NSX February 2010 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 964 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.