Claymore and the NYSE Euronext (NYSE Euronext: NYX) today announce that effective prior to the opening of trading on December 10, 2007 the Claymore/Robb Report Global Luxury Index ETF (symbol: ROB) will transfer from the NYSE to the NYSE Arca listing and trading platform.
NYSE Arca’s all-electronic platform is the single largest liquidity pool for ETFs in the U.S. and presents a compelling value proposition for all market participants.
In the first half of 2007, NYSE Arca handled 43% of all ETF shares traded in the U.S. , representing an average daily volume of approximately 231.96 million shares per day.
All existing NYSE ETF specialist firms are already acting as lead market makers in primary listings on NYSE Arca and will continue to provide value for investors and issuers while ensuring liquidity and reducing volatility.
NYSE Group believes that offering a single, harmonized platform for listing and trading ETFs will further improve efficiencies and market quality. -- www.nyse.com
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