ETF/ETN Launch For Currency Trading (ERE, SZE, CUD, ADE, EGB)

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The NYSE Euronext has commenced the launch of trading of an ETF, actually an ETN, that will allow traders to trade several currencies just like buying or selling a stock.

5 Elements Spot Currency Exchange Traded Notes (ETN’s) were launched on the NYSE Arca this morning. The 5 listings track the Euro, Swiss Franc, Canadian Dollar, Australian Dollar, and the British Pound. The listings are as follows:

  • EUR/USD Exchange Rate ETN (NYSE: ERE) tracks the Euro.
  • CHF/USD Exchange Rate ETN (NYSE: SZE) tracks the Swiss Franc.
  • CAD/USD Exchange Rate ETN (NYSE: CUD) tracks the Canadian Dollar.
  • AUD/USD Exchange Rate ETN (NYSE: ADE) tracks the Australian Dollar.
  • GBP/USD Exchange Rate ETN (NYSE: EGB) tracks the British Pound.

Unfortunately, trading data has not been seen.

Rachel Lopez
February 22, 2008