Opening and Closing Bell on Wall Street
Tuesday, January 29th marks the 20th anniversary for the inaugural launch of SPDR S&P 500 ETF Trust (NYSE Arca: SPY) on U.S. markets. In commemoration of this occasion, distinguished founders and guests of the exchange traded product (ETP) industry will visit the NYSE and ring the Opening Bell to honor the significant milestones, growth and maturation of the ETP industry. Since inception, NYSE Arca, the all-electronic trading platform of NYSE Euronext, continues to serve as the leading listing and trading venue for ETP products on U.S. markets - “Paving the Way for ETP Innovation.”
ETP founders and distinguished guests ringing the NYSE Opening Bell include: Jim Ross, State Street; Jay Baker, Yorkville; Hank Belusa, DTCC; David Blitzer, S&P; Steven Bloom, West Point; Mike Cavalier, NYSE; Kathy Cuocolo, BNY Mellon; Jim Duffy; Gary Eisenriech, Fairfield Advisors; Glenn Francis, BNY Mellon; Katten Muchin Rosenman; Kathleen Moriarty, LLP; and Cliff Weber, NYSE Liffe U.S.
NYSE Euronext Paris market will also host an Opening Bell Ceremony with Olivier Paquier, Director of France, Spain and Portugal, SPDR ETF.
Since the launch of SPY on the American Stock Exchange 20 years ago, listings and trading of ETPs in the U.S. has increased from one ETF with $0.5 billion assets under management to nearly 1,500 ETP products with $1.4 trillion in assets under management. ETPs currently represent nearly 30% of all U.S. equity trading. The continued growth in assets and trading volume reflects the growing demand by individual and institutional investors to invest and trade the product.
To further commemorate the 20th anniversary, NYSE Euronext’s ETP and Global Index Group will launch a new web site on January 29th with special educational materials highlighting ETPs past, present and future.