The GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN will transfer from the NYSE to the NYSE Arca listing and trading platform.
GSC is scheduled to transfer effective prior to the opening on 20 December 2007.
As one of the industry-preferred market structures for trading ETFs and ETNs, NYSE Arca, which utilizes dedicated liquidity providers in the form of Lead Market Makers (LMMs) and Market Makers (MMs), is one of the platforms that list and trade over 240 NYSE Group listed ETFs and ETNs.
All existing NYSE specialist firms are able to act as LMMs in primary listings on NYSE Arca. By offering a single platform for listing and trading ETFs, NYSE Group hopes to improve efficiencies and market quality.
NYSE Arca’s all-electronic platform is the single largest liquidity pool for ETFs in the US and presents a value proposition for all market participants. In the first half of 2007, NYSE Arca handled 43% of all ETF shares traded in the US, representing an ADV of approximately 231.96 million shares per day.