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NEW YORK, July 11, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced exchange-traded product (ETP) provider BOOST ETP will launch nine new exchange-traded products (ETPs) in the United Kingdom (UK) that are based on indexes in the NASDAQ Commodity Index Family
SM. They are the second set of BOOST ETP products linked to the NASDAQ Commodity Index Family and the total number of BOOST's ETPs on this Family increases to 25.
"The introduction of these commodity ETPs reaffirms the success of our index construction and our rules-based, objective and transparent index methodology," said John Jacobs, NASDAQ OMX EVP and Head of NASDAQ OMX Global Indexes. "BOOST ETP has again succeeded in leveraging our indexes to quickly and efficiently develop innovative products for a wide range of investors."
Global assets under management for short and leveraged ETPs increased 12-percent to $49.3 billion this year through May 31, 2013, according to the BOOST ETP Global Short & Leveraged ETF/ETP Report.
"As the market for leveraged and short ETPs rapidly expands, we will continue to collaborate with NASDAQ OMX Global Indexes to bring to market a variety of investment products in a cost-effective and efficient fashion," commented BOOST ETP Co-CEO Hector McNeil. "Thanks to NASDAQ OMX Global Indexes, we are able to meet demand from investors who want a variety of leveraged ETP options."
The following ETPs will begin trading today on the London Stock Exchange:
Boost Gold 1x Short Daily ETP
Boost Gold 2x Short Daily ETP
Boost Gold 2x Leverage Daily ETP
Boost Palladium 1x Short Daily ETP
Boost Palladium 2x Leverage Daily ETP
Boost Natural Gas 2x Short Daily ETP
Boost Natural Gas 2x Leverage Daily ETP
Boost Silver 2x Short Daily ETP
Boost Silver 2x Leverage Daily ETP
The introduction of the new suite of commodity ETPs come six months after BOOST ETP launched the first ETPs that are based on indexes in the NASDAQ Commodity Index Family.