Designed to track the value of rolling one-day Euro/U.S. Dollar forward contracts, the Market Vectors - Double Long Euro ETNs (NYSE Arca: URR) and the Market Vectors - Double Short Euro ETNs (NYSE Arca: DRR) are intended to be a two-times leveraged, long and short investment in the value of the Euro Currency relative to the U.S. Dollar.
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry's fastest and most innovative trading tools to access liquidity. Including today's listings, NYSE Arca has 258 primary ETF and 55 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including a record 101 IPOs. For 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed. -- www.nyse.com