February 2008
NSX Announces Record January ETF Trading Volume
Surpasses $2.2 Trillion
Thursday, February 14, 2008
National Stock ExchangeSM(NSX®) today announced that notional trading volume in U.S. listed Exchange-Traded Funds (ETFs) for January 2008 reached a record monthly total of $2.23 trillion in January 2008, an increase of approximately 236% over January 2007 when ETF notional trading volume reached $664.5 billion.
ETF assets reached $587.1 billion at the end of January 2008, an increase of 34 percent over $437.8 billion posted during January 2007. In addition, ETF net cash flow for January 2008 totaled $1.24 billion, a substantial increase over January 2007 when ETF net cash flow reached $29 million.
This data is included in NSX's January 2008 Month-End ETF Data Report released today. NSX began publishing Month-End ETF 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, Exchange-Traded Notes (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 NSX's full ETF Data Report, go to: http://www.nsx.com/content/market-data.
In addition, NSX publishes a product-by-product breakdown of the more than 678 ETFs on which the data is based. This 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 Announces Four Officer Appointments
Monday, February 4, 2008
National Stock ExchangeSM, Inc. (NSX®) today announced the appointment of four officers: Philip M. Pinc as Vice President and Counsel; Lori A. Ragus as Vice President and Senior Regulatory Counsel; David M. Wakefield as Vice President of Business Development; and Peter N. Huynh as Assistant Vice President, Financial Controller.
"Each of these individuals brings a level of professionalism and expertise that makes NSX a stronger institution," said Joseph S. Rizzello, NSX Chief Executive Officer. "We appreciate their contributions and commitment to this Exchange. The execution of NSX's business plan depends on the strength of our team and I believe ours is the best-in-class."
Mr. Pinc provides legal support to NSX's business units and management. He joined NSX in September 2007, from the law firm Katten Muchin Rosenman LLP, where he specialized in corporate and securities law and private equity transactions. For six years prior to that, he was an options trader at the Chicago Board of Trade and other exchanges. Mr. Pinc began his career as an attorney at the law firm Winston & Strawn, LLP, where he was an associate in its corporate and project finance groups.
Ms. Ragus advises NSX's Regulatory Services Division on legal issues relating to the enforcement of federal securities laws and Exchange rules. She joined NSX in June 2006 as Senior Regulatory Counsel, bringing with her 12 years of experience at the Securities and Exchange Commission, most recently as Attorney-Advisor in the Investment Management Program at the Midwest Regional Office. Her previous experience includes a position as Director and Associate General Counsel for The Options Clearing Corporation. In January 2007, she was promoted to Assistant Vice President and Senior Regulatory Counsel at NSX.
Mr. Wakefield has served as Director of Business Development since joining NSX in February 2006. He has been instrumental in helping to build NSX's client base and leading the Exchange's sales team. Before coming to NSX, he was Director of Institutional Sales at Townsend Analytics. His professional history also includes a position as a Principal with account coverage responsibilities for program trading and OTC sales desks at Instinet Corporation. Earlier in his career he was a trader at Wall Street Equities.
Mr. Huynh, CPA, joined NSX as Assistant Controller in June 2006. He is responsible for managing the preparation of the Exchange's annual budget and financial statements and providing analytical support relating to NSX's cash and investment positions. With a 12-year professional accounting history, his previous work experience includes a position in Client Financial Management for Accenture; a Senior Accountant position for the Tribune Company's Chicago National League Ball Club; and a position as Staff Accountant in the Financial Reporting Group of Jim Beam Brands Worldwide, Inc.
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.