U.S. ETP MONTHLY FLASH JANUARY 2013 Source: NYSE Arca ETP Database and Arc vision. Statistics include only NYSE Arca listed ETPs which are derivatively priced securities that can trade intraday on a securities exchange. ETPs are typically benchmarked to indices or static baskets of stocks, futures, swap and commodities or may be actively managed. Products that fall under the ETP umbrella include Exchange Traded Funds (ETFs), Exchange Traded Vehicles (ETVs), Exchange Traded Notes (ETNs) and Certificates. 2013 NYSE Euronext. All rights reserved. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of NYSE Euronext. NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding securities and investment practices. This publication is intended solely for informational purposes, and, while believed correct, no warranty is made of the accuracy of the data herein.
NYSE ARCA US EXCHANGE TRADED PRODUCTS (ETP) Highlights from January 2013 In January, 3 new ETPs listed on NYSE Arca At the end of January, 1,368 ETPs were listed on NYSE Arca US ETP notional volume represented 25.1% of all CTA issues in January 2013. This is down from 26.9% during January 2012 US ETP daily average turnover was approx $54.6 Billion in January 2013, down 4.2% from $57 billion in December 2012 Average US ETP spread was $0.02 and NYSE Arca was at the NBBO 91.51% of the time NYSE Arca had 20.7% of all US ETP trading volume during January, the highest of any Exchange 2
NYSE ARCA US EXCHANGE TRADED PRODUCTS (ETP) Top 10 Most Actively Traded Securities in the U.S (by Turnover Volume) in January Symbol Name Product Type Consolidated Trading Volume Consolidated Turnover Volume ($) Average Daily Trading Volume Average Daily Turnover Volume ($) SPY SPDR S&P 500 ETF Trust ETF 2,585,624,779 $381,918,094,736 123,124,989 $18,186,575,940 AAPL Apple Inc. Stock 471,095,857 $231,420,207,863 22,433,136 $11,020,009,898 IWM ishares Russell 2000 Index Fund ETF 765,927,652 $67,385,859,783 36,472,745 $3,208,850,466 FB Facebook, Inc. Class A Stock 1,680,476,012 $51,043,093,397 80,022,667 $2,430,623,495 QQQ PowerShares QQQ Trust, Series 1 ETF 745,904,802 $49,921,722,222 35,519,276 $2,377,224,868 EEM ishares MSCI Emerging Markets Index Fund ETF 1,069,705,121 $47,620,098,604 50,938,339 $2,267,623,743 BAC Bank of America Corp. Stock 3,342,675,257 $38,862,922,493 159,175,012 $1,850,615,357 GOOG Google, Inc. Stock 52,416,368 $38,410,695,867 2,496,018 $1,829,080,756 GLD SPDR Gold Trust, SPDR Gold Shares ETV 222,503,119 $35,975,065,870 10,595,387 $1,713,098,375 MSFT Microsoft Corp Stock 1,212,502,375 $33,072,594,999 57,738,208 $1,574,885,476 Top 10 Most Actively Traded ETPs in the U.S. (by Turnover Volume) in January SPY SPDR S&P 500 ETF Trust ETF 2,585,624,779 $381,918,094,736 123,124,989 $18,186,575,940 IWM ishares Russell 2000 Index Fund ETF 765,927,652 $67,385,859,783 36,472,745 $3,208,850,466 QQQ PowerShares QQQ Trust, Series 1 ETF 745,904,802 $49,921,722,222 35,519,276 $2,377,224,868 EEM ishares MSCI Emerging Markets Index Fund ETF 1,069,705,121 $47,620,098,604 50,938,339 $2,267,623,743 GLD SPDR Gold Trust, SPDR Gold Shares ETV 222,503,119 $35,975,065,870 10,595,387 $1,713,098,375 EFA ishares MSCI EAFE Index ETF 328,474,527 $19,063,719,051 15,641,644 $907,796,145 VWO Vanguard FTSE Emerging Markets ETF ETF 400,262,765 $17,956,380,742 19,060,132 $855,065,750 XLF Financial Select Sector SPDR Fund ETF 973,033,621 $16,669,581,456 46,334,934 $793,789,593 VXX ipath S&P 500 VIX Short-Term Futures ETN ETN 633,511,251 $15,995,216,206 30,167,202 $761,676,962 DIA SPDR Dow Jones Industrial Average ETF Trust ETF 107,655,448 $14,593,855,964 5,126,450 $694,945,522 3
NYSE ARCA US EXCHANGE TRADED PRODUCTS (ETP) New ETPs Launched on NYSE Arca in January Symbol Listing Date Name Product Type Consolidated Trading Volume Consolidated Turnover Volume ($) Average Daily Trading Volume Average Daily Turnover Volume ($) FLAG 1/31/2013 Forensic Accounting ETF ETF 27,258 $684,367 27,258 $684,367 MLPJ 1/15/2013 Global X Junior MLP ETF ETF 274,846 $4,209,422 22,904 $350,785 IMLP 1/4/2013 ipath S&P MLP ETN ETN 78,176 $2,047,578 4,115 $107,767 Notable Events in January NYSE Euronext Celebrated 20 Years of Exchange Traded Products (ETPs) Listing and Trading by Honoring the Key Participants Who Collaborated in the Launch of the First U.S. Exchange Traded Product, SPDR S&P 500 ETF Trust (ARCA: SPY) NYSE Euronext Launched a Special Website Honoring the 20 th Anniversary of the US ETP Industry. Website Includes an Interactive Timeline, Videos, and More! Exchanges.nyx.com/new-york-stock-exchange/nyse-euronextcelebrates-20-years-exchange-traded-product-etp-listing-and-tr Etp.nyx.com/etp-20 4
# of Products NYSE ARCA US EXCHANGE TRADED PRODUCTS (ETP) 1200 $1.6 1000 $1.4 $1.2 800 600 400 200 $1.0 $0.8 $0.6 $0.4 $0.2 AUM ($ Trillion) 0 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 ETF 1019 1041 1047 1056 1062 1069 1076 1062 1057 1044 1045 1048 1047 ETV 76 76 74 75 75 78 80 80 80 80 80 81 81 ETN 203 211 212 214 216 217 218 218 204 205 210 208 207 Certificate 54 52 49 48 47 43 39 38 37 37 35 33 33 AUM ($ trillion) 1.08 1.16 1.21 1.21 1.19 1.15 1.2 1.22 1.28 1.3 1.31 1.34 1.4 $0.0 YTD January 2013, 3 ETPs have listed in the US, all of which were listed on NYSE Arca In January, 3 ETPs listed on Arca. This is an decrease of 11 from January 2012 Currently, NYSE Arca ETPs have AUM of approx $1.33 trillion 5
NYSE ARCA ETPS BY ISSUER Issuer # of ETPs New in January New YTD Turnover AdvisorShares 17 $167,114,386 ALPS 8 $1,289,128,382 ArrowShares 1 $13,350,135 Bank of America 15 $13,939,903 Barclays Bank PLC 79 1 (IMLP) 1 $17,647,307,815 BNP Paribas 1 $178,373 Charles Schwab 15 $2,534,391,501 Citigroup 19 $10,774,543 Columbia Management 5 $11,161,466 Credit Suisse 5 $107,547,824 Deutsche Bank 53 $3,653,936,511 Direxion Shares 44 $30,882,853,248 Emerging Global 22 $279,055,546 ETF Securities 7 $778,350,388 Exchange Traded Concepts 4 1 (FLAG) 1 $33,824,417 FactorShares 8 $4,943,114 FirstTrust 59 $2,221,820,347 FlexShares 10 $847,648,519 Global X 30 1 (MLPJ) 1 $581,875,334 Goldman Sachs 2 $36,714,501 GreenHaven 1 $59,328,533 6
NYSE ARCA ETPS BY ISSUER Issuer # of ETPs New in January New YTD Turnover Guggenheim 76 $6,657,480,009 Huntington 2 $1,571,637 Index IQ 11 $149,455,157 Invesco PowerShares 105 $7,172,477,465 ishares 231 $312,729,395,074 Jefferies 1 $9,131,031 JPMorgan Chase & Co. 4 $1,285,913,296 Market Vectors 50 $25,392,611,500 Morgan Stanley 6 $32,373,254 Pax ETFs 2 $4,967,469 PIMCO 19 $3,228,993,577 PowerShares 1 $7,735,341 Precidian Funds 1 $151,444,054 ProShares 134 $51,929,658,793 Pyxis Funds 1 $6,970,531 QuantShares 4 $11,101,749 RevenueShares 6 $61,309,485 Royal Bank of Scotland 13 $62,733,718 Russell ETFs 1 $5,580,826 SPDR ETFs 117 $543,224,493,401 Sprott Asset Management 3 $620,755,617 7
NYSE ARCA ETPS BY ISSUER Issuer # of ETPs New in January New YTD Turnover Swedish Export Credit (SEK) 11 $152,503,302 Teucrium 7 $93,437,046 UBS 36 $420,346,439 United States Commodity Funds LLC 12 $6,786,783,642 Vanguard 48 $50,072,242,663 VelocityShares 18 $7,258,772,930 WisdomTree 43 $6,733,013,440 8
Jan 2006 Apr 2006 Jul 2006 Oct 2006 Jan 2007 Apr 2007 Jul 2007 Oct 2007 Jan 2008 Apr 2008 Jul 2008 Oct 2008 Jan 2009 Apr 2009 Jul 2009 Oct 2009 Jan 2010 Apr 2010 Jul 2010 Oct 2010 Jan 2011 Apr 2011 Jul 2011 Oct 2011 Jan 2012 Apr 2012 July 2012 Oct 2012 Jan 2013 U.S. ETP CONSOLIDATED VOLUMES 45.00% 40.00% 35.00% 30.00% 25.11% 25.00% 20.00% 15.00% 14.32% 10.00% 5.00% ETP Turnover Volume Relative to all CTA Turnover Volume ETP Share Volume Relative to all CTA Trading Volume During the month of January, US ETP CADV was approx 917 million and daily notional value was $54.6 billion By the end of January, US ETP share and notional volume represented 14.3% and 25.1%, respectively of all CTA issues 9
U.S. ETP MARKET SHARE BY TRADING VENUE 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% TRF (Off-Exchange) NYSE Arca NASDAQ BATS Direct Edge Other 0.00% In January 2013, NYSE Arca led all exchanges with an ETP trading market share of 20.7% NYSE Arca s market share decreased by 0.9% from January 2012 s market share of 21.6% ETP trades occurring off-exchange increased to 34.7%, a significant rise from 29.5% in January 2012 10
NYSE ARCA ETP OPENING & CLOSING AUCTION 500,000,000 450,000,000 400,000,000 350,000,000 300,000,000 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 100.0% 99.0% 98.0% 97.0% Opening Auction Volume NYSE Arca Opening Auction Market Share Closing Auction Volume NYSE Arca Closing Auction Market Share 11
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