November 2007
NSX Announces October 2007 ETF Assets Reach $598 Billion
Tuesday, November 6, 2007
National Stock Exchange Announces October 2007 ETF Assets Reach $598 Billion at Month-End, Up 48 Percent From Year Earlier
CHICAGO, Nov. 5, 2007 - National Stock ExchangeSM(NSX®) today announced that U.S. listed Exchange-Traded Fund (ETF) assets reached $598 billion at the end of October 2007, up 48 percent from $403 billion at the end of October 2006. ETF notional trading volume totaled a record $11 trillion year to date, more than double of last year's volume in the same period.
Net cash flow into ETFs at the end of October 2007 totaled $93.7 billion year-to-date, up 66 percent over the same year-ago period.
This data is included in NSX's October 2007 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 promptly 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-Trades 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 is now publishing a product-by-product breakdown of the more than 550 ETFs on which the data is based. This list can be accessed at:
http://www.nsx.com/content/etf-product-list.
To view NSX's monthly ETF Data Reports, go directly to: http://www.nsx.com/content/market-data.
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 Names Saro Jahani SVP of Information Technology
Monday, November 5, 2007
National Stock Exchange Names Saro Jahani Senior Vice President of Information Technology
CHICAGO, Nov. 5, 2007 - National Stock ExchangeSM, Inc. (NSX®) today announced that Saro Jahani has been appointed Senior Vice President of Information Technology.
Mr. Jahani is responsible for the operation of the Exchange's IT production systems and related functions. He joined NSX on November 1, 2007, following a 20-year professional career in IT.
"Saro's depth of technology experience within the securities industry will be extremely valuable to NSX as we move forward in the execution of our business plan," said Joseph S. Rizzello, Chief Executive Officer of NSX. "We welcome the expertise he brings to the table and look forward to his contributions to our future growth."
Immediately prior to joining NSX, Mr. Jahani 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.