NYSE exec provides update on everything from AMEX's 'black box' technologies for more actively managed ETFs to progress on merging platforms.

 

Earlier this month, NYSE Euronext completed its acquisition of the American Stock Exchange. With the addition of AMEX's 416 ETF listings and 13 ETNs, the exchange-traded product listings at NYSE Euronext now number 680, excluding overseas ETFs, and a total of $595 billion in exchange-traded product assets.

IU.com's Eric Rosenbaum recently spoke with NYSE Euronext Senior Vice President Lisa Dallmer about the specific benefits of the completed acquisition for the ETF industry, and the current outlook for ETFs given the tough markets. 

 

IndexUniverse (IU): With the Amex deal completed, what are the major benefits to the NYSE as a competitor for ETF listings and ETF servicing business, beyond the bragging rights that are always a part of the battle among exchanges for market share?

Lisa Dallmer (Dallmer): At the broadest

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Andrew Snyder says a rapidly unraveling economy means crude oil prices have further to fall. He recommends investing in the UltraShort Oil & Gas ProShares ETF (AMEX:DUG).

This from Today’s Financial News:

Thanks to fears of a strong global recession and larger-than-expected downturns in pivotal countries like China and India, crude prices are on the decline. Right now, a barrel of oil is selling for nearly half of what it did during its record-smashing peak just a few months ago.

But we have not seen anything yet. Crude prices will continue to fall. And if you invest accordingly, you can put some hefty profits in your pocket.

Earlier today, OPEC announced it has significantly reduced its oil-demand forecast. The group says it now believes the world will require 87.2 million barrels of oil each day next year, a decline of 450,000 barrels. It also announced its members will most likely cut production

...

Andrew Snyder says a rapidly unraveling economy means crude oil prices have further to fall. He recommends investing in the UltraShort Oil & Gas ProShares ETF (AMEX:DUG).

This from Today’s Financial News:

Thanks to fears of a strong global recession and larger-than-expected downturns in pivotal countries like China and India, crude prices are on the decline. Right now, a barrel of oil is selling for nearly half of what it did during its record-smashing peak just a few months ago.

But we have not seen anything yet. Crude prices will continue to fall. And if you invest accordingly, you can put some hefty profits in your pocket.

Earlier today, OPEC announced it has significantly reduced its oil-demand forecast. The group says it now believes the world will require 87.2 million barrels of oil each day next year, a decline of 450,000 barrels. It also announced its members will most likely cut production

...

Andrew Snyder says a rapidly unraveling economy means crude oil prices have further to fall. He recommends investing in the UltraShort Oil & Gas ProShares ETF (AMEX:DUG).

This from Today’s Financial News:

Thanks to fears of a strong global recession and larger-than-expected downturns in pivotal countries like China and India, crude prices are on the decline. Right now, a barrel of oil is selling for nearly half of what it did during its record-smashing peak just a few months ago.

But we have not seen anything yet. Crude prices will continue to fall. And if you invest accordingly, you can put some hefty profits in your pocket.

Earlier today, OPEC announced it has significantly reduced its oil-demand forecast. The group says it now believes the world will require 87.2 million barrels of oil each day next year, a decline of 450,000 barrels. It also announced its members will most likely cut production

...

The Dow Jones index plunged through 9,000 points today, as the credit crisis continued to rip through US stocks. The slump came on the one-year anniversary of the Dow's record high of 14,279. It has lost over a third of its value since then.

[Expanded with quotes from Michael Sapir, CEO of ProShares.]

Trading has reopened on the ProShares Short Financials (AMEX: SEF) and ProShares UltraShort Financials (AMEX: SKF) ETFs, after being halted this morning as part of the fallout from the SEC's ban on short-selling in Financial stocks.

See our earlier story on the topic here.

The two ETFs are not functioning normally, however: ProShares has banned "creations" until further notice, meaning that no new shares can be created to fill demand. Shares can, however, be redeemed as usual by Authorized Participants.  

What does this mean for the average investor?

It depends. Importantly, investors can still buy and sell the shares of both funds; in fact, more than 10 million shares of SKF have traded today, with high liquidity and tight spreads.

However, ProShares has warned in a statement that "these ProShares ... may trade at prices that are not in line with

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The world is all pissed off about high oil and gas prices; protesting is happening in Scotland, Hong Kong, Nepal and Europe as I write.  Spanish truck drivers are blockading their country’s border with France for crying out loud. There's only one way to play it - UltraShort Oil & Gas ProShares (AMEX:DUG). DUG is the answer, and it's probably wise to build a small position before everyone else does.  What the hell is DUG? UltraShort Oil & Gas ProShares (AMEX:DUG) seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the ...

European ETF market is still well behind US. By the end of 2007 assets in European ETF bln vs US $581 bln. Nevertheless European assets grew by 43% last year. In terms of issues 423 vs 601. Even thought ETF is the fastest growing retail investment product ETF market makes up only 5% of mutual funds assets in US. In Europe the number is even smaller, around 2%.Equity based ETF are the most popular. In Europe it's about 80% of the market and in US 90%. Bonds are glamour ETF in Europe.Worldwide leading issuer is Barclays Global Investors (BSC), iShares. In US followed by State Street Global Advisors, Vanguard, Power Shares, ProShares and others. In Europe first position again for Barclays, then Lyxor and Deutsche Bank (DB) with rapidly growing db x-trackers.Ten top ETF...

It's a case of the Tuesdays today Stock Masters. Passing on this great article from cnn money on $130 oil. After reading this I'm thinking maybe it's time to check out the UltraShort Oil & Gas ProShares (Public, AMEX:DUG)? Some say no. They say unlike the tech and real estate bubbles, there's no overabundance of supply. Others say these high prices are not sustainable. Big investment funds are putting money into oil futures as if Saudi Arabia's spigots will run dry tomorrow. At the same time, the supply of oil and the demand for it hasn't changed much in the last year. So it raises the question: Is ...