He added that NYSE Arca, which many trading venues declared self-help against that day, is the primary listing venue for ETFs.
Gold stocks, as measured by the NYSE Arca Gold BUGS Index (HUI), have historically performed even better in these two months.
Many have already been taken: 1, 350 symbols are in use on the NYSE Arca alone, the biggest U.S. market for exchange-traded products.
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When looking at exchange-traded funds, one of the main platinum ETFs, the ETF Securities Physical Platinum Shares (NYSE ARCA: PPLT) has seen redemptions, too.
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He is also a member of the Board of Directors at NYSE ARCA and is a member of the Arbitration Committee at the CBOE.
IndexIQ launched the IQ South Korea Small Cap ETF (NYSE Arca: SKOR) yesterday and First Trust launched the First Trust BICK Index Fund (NASDAQ: BICK) this week.
Approving or disapproving the proposals has been pushed off multiple times this year, with December 8 the next D-Day for Nasdaq and January 12 for NYSE Arca.
The new ETF, set to list on NYSE Arca on March 1, will invest with the same goals as its traditional fund cousin, save the use of derivative securities.
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This fund will be actively managed and its shares will be listed on NYSE Arca, Inc. and other secondary markets and trade at prices that change throughout the day.
In its latest release, NYSE Euronext says its NYSE Arca exchange should be considered the primary market under its proposed scenario to open for trading without the floor.
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The New York Stock Exchange, which has historically dominated the trading market, has about 25% of the trading volume between NYSE Classic and NYSE Arca, on June 15, according to BATS Exchange data.
By comparison that month, Nasdaq had 19.0% of the matched adv, the New York Stock Exchange had 14.8% matched adv and NYSE Arca had 13.9% matched adv, also according to Arcavision market data.
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Unlike other indexes such as the NYSE Arca Gold Mining Index, which actually includes several silver miners, over 95% of the revenues from the companies in the Solactive Index are derived from gold mining.
Lime will allow trading with the eight options exchanges which include BATS Options, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, Nasdaq OMX Options, Nasdaq OMX PHLX, NYSE Amex Options and NYSE Arca Options.
The ETF tracks a NYSE Arca index that selects stocks based on price and earnings momentum, earnings quality, management and value, says Ed McRedmond, senior vice president of institutional and portfolio strategies at Invesco PowerShares, the fund's sponsor.
In the most recent ProShares filing, however, the trust notes that NYSE Arca, a trading venue of NYSE Euronext ( NYX) and the primary exchange for the vast majority of U.S.-listed ETPs, would be the venue of choice.
Both would trade on NYSE Arca.
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The Van Eck Market Vectors Latin America Small-Cap Index Exchange Traded Fund was listed on NYSE Arca this morning. (NYSE Arca: LATM) The ETF includes stocks from Brazil, Mexico, Chile and Argentina, among other places, with 42.8% of its weighting in Brazil.
LimeInside currently offers co-location at the New York Stock Exchange, Nasdaq OMX Group, NYSE Arca and BATS. This service will be extended to Direct Edge, the newest exchange, and the rest of the New York Stock Exchange in a few weeks, Wecker says.
"We're very confident in the structure and quality of the hybrid market, and in the ability of the NYSE and NYSE Arca to compete and continue to provide our customers with the best overall price and market quality, access to the greatest source of liquidity and greater choice in order execution, " he said.
Matthew Lavicka, a managing director on Goldman's equities-trading desk and chairman of Sifma's trading and market structure committee, told the exchanges that he felt there was agreement among the majority of exchange customers: They couldn't safely be prepared for the NYSE contingency plan that involved routing orders away from the trading floor and to NYSE Arca in time for Monday morning.
Over at the Big Board, brand new trading rooms are being closed and floor traders and specialists are being laid off because more trading is being done through NYSE's Arca and hybrid trading programs.
NYSE's Arca electronic trading system is known to have higher pricing than even Nasdaq, analysts said, and is seen as vulnerable to the attack from BATS. Arca charges 10 cents per 100 shares on a round trip, according to Fox-Pitt Kelton analyst Edward Ditmire.
Airline stocks have rallied broadly this week, with the Guggenheim Arca Airline ETF (NYSE:FAA) up 12% since Tuesday.
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However, Arca wouldn't be able to trade NYSE-listed securities, taking one of the 13 U.S. stock exchanges out of the loop for brokers, according to persons familiar with the plan's working.
However, NYSE has managed to mitigate the impact of the decline by drawing more business to its Arca electronic market.
Short notice of NYSE Euronext's plan to run the Big Board on the company's all-electronic Arca exchange posed potential difficulties that brokers weren't prepared to address with a little over 12 hours to go before trading was to begin, according to people involved in the discussions.
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