London Stock Exchange Group today welcomes Ossiam as a new issuer of exchange-traded funds on its UK markets.
The company is the 20th to list such products on the group’s markets across London and Milan. There are now more issuers with ETFs listed across the group than on any other exchange in Europe.
Ossiam has listed four products, offering exposure to European and US equity indices.
To mark the occasion Bruno Poulin, chief executive of Ossiam, was joined by Xavier Rolet, chief executive of London Stock Exchange Group, to open trading at the London Stock Exchange today.
“Our ETF markets continue to go from strength to strength, Pietro Poletto, head of ETFs at London Stock Exchange Group, says. Not only do our markets see more ETF volume traded than any other exchange in Europe, but we are host to more ETF issuers than any other exchange in Europe too. Through Ossiam’s new ETFs, investors will have the opportunity to gain exposure to high-quality products on an established, liquid platform.”
Today’s listings follow the launch of Ossiam’s first ETFs on Borsa Italiana on July 1, when the firm listed four products offering exposure to US and European equity indices.
From today there are 481 ETFs listed on the London Stock Exchange. In the first half of 2010 there were 369,600 ETF trades worth a combined 19 billion on the Exchange’s order book, a 40.3% and 33.5% increase, respectively, on the same period last year.
(CM)