Amex Rises From Ashes
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Amex Rises From Ashes

This article appears courtesy of Institutional Investor

Exchange Rebounds From Barclays ETF Loss


Jonathan Shazar

Three months ago, Barclays Global Investors dealt a body blow to the American Stock Exchange, announcing plans to move the primary listings of 81 iShares exchange-traded funds from the Amex to the New York Stock Exchange and its merger partner, the Archipelago Exchange. At the time, the ETFs represented almost half of the Amex's ETF listings.

At the time, the Amex said it expected to replace the lost listings within two and a half years time, and seems to be well on its way to doing so before the last of the 81 iShares departs in 2007.

This year alone, 33 new funds have joined the Amex. "We're closing in on about 50 new ETFs by the end of the year," according to Cliff Weber, the exchange's senior v.p. for the ETF Marketplace. "We've listed 90% of the new ETFs brought to market this year." Amex spokeswoman Mary Chung notes. "If we keep up that pace, we've got it in a year."

Gift this article