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Article: FTSE Group Teams with The American Stock Exchange - Agreement to Promote Creation of ETFs -.
- Article from:
- PR Newswire
- Article date:
- November 6, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK and LONDON -- FTSE Group, the global index company, has reached a significant milestone in its expansion plans in the United States. FTSE and the American Stock Exchange(R) (Amex(R)), the leader and pioneer of exchange-traded funds (ETFs), today announced an agreement to promote the creation of ETFs for the U.S. marketplace.
FTSE and Amex ETF Services, which provides comprehensive, turnkey solutions to ETF issuers, sponsors and service providers, will work together to identify potential sponsors that will create ETFs, based on FTSE indexes, which will be listed for trading in the United States. Sponsors should be selected before the second half of 2003.