March 2008
NSX Releases February ETF/ETN Data Report
Friday, March 7, 2008
National Stock ExchangeSM(NSX®) today announced that U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) assets reached $572.8 billion at the end of February 2008, an increase of 29 percent over $443.1 billion at month-end February 2007.
The current number of U.S. listed ETFs has increased 52 percent to 690 compared to February 2007 when 453 ETFs were trading. ETF net cash outflow for the month of February 2008 totaled $12.9 billion and notional trading volume during February 2008 reached a total of $1.5 trillion.
This data is included in NSX's February 2008 Month-End ETF/ETN Data Report released today. NSX began publishing Data Reports with the release of the June 2007 Report. 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 690 ETFs 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. 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.
National Stock Exchange Appoints Saro Jahani Chief Information Officer
Tuesday, March 4, 2008
National Stock ExchangeSM(NSX®) today announced the appointment of Saro Jahani as Chief Information Officer (CIO) of the Exchange, effective March 1, 2008.
As CIO, Mr. Jahani will be responsible for all functions of IT for NSX. He joined NSX on November 1, 2007 as Senior Vice President of Information Technology, responsible for the operation of the Exchange's IT production systems and related functions.
"In the four months since Saro joined NSX, he has clearly demonstrated his ability to effectively lead this most critical area of our organization," said Joseph S. Rizzello, Chief Executive Officer of NSX. "His expertise in securities industry technology was immediately apparent as he analyzed and prioritized our technology needs for achieving sustained systems stability and accommodating future growth. We welcome his ongoing contributions and the key role he will play in the future success of our Exchange."
Mr. Jahani came to NSX with a 20-year professional career in IT and a depth of technology experience in the securities industry. Immediately prior to joining NSX, he was Global Head of Infrastructure, Operations and Facilities at Townsend Analytics, a leading provider of market data and direct access trading software and a subsidiary of Lehman Brothers. In this position, he was responsible for the strategic and global operation of data center facilities, data center operations and operational quality of a high volume and distributed production environment.
Before that, Mr. Jahani served as Executive Vice President of IT Operations at SunGard. There he was responsible for Information Systems/Information Technology and production operation, including the continuous development and planning of SunGard's production network, network security, telecommunication and office automation, ASP and data centers. Prior to that, he served as CIO at SunGard in Sweden.
His work experience also includes IT positions at CAP Gemini, Swedish Telecom and Crosfield Electronics.
In 2006, NSX implemented a new business plan, which culminated in the last quarter of the year with the launch of a new state-of-the-art technology platform. The platform was built from the ground up to meet the speed, price and service needs in a post-Regulation NMS environment and to accommodate the broadest range of users, including ECNs, algorithmic traders and agency brokers.
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.