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Boost ETPs/ETCs now even more accessible to the UK market

Wednesday 13th March '13

BOOST ETP the award winning, independent exchange traded product (ETP) provider is announcing today that BOOST 3x leveraged and 3x short products will be quoted in GBP, as well as their base currencies.

The expansion of the platform means ETPs linked to non GBP indices will now be more accessible to UK investors, with tighter relative spreads. BOOST will be starting with six of the most popular ETCs which will be available for trading on the London Stock Exchange (LSE) in GBP. With the new additions, BOOST’s lineup will increase to 26 ETPs, providing 3x leveraged and 3x short exposure to some of the most liquid and widely followed commodity and equity global indices.  

The new ETCs to be quoted in GBP are:

The BOOST ETCs listed above track a range of indices provided by NASDAQ, which are a variety of indices from the NASDAQ Commodity Benchmark Index FamilySM which track liquid, front month futures contracts. The NASDAQ Commodity Benchmark Index is designed to provide a broad and representative exposure to the commodity market by measuring the performance of 33 commodities based on commodity futures prices.

Along with the recent addition of four new Authorised Participants (AP) BOOST will continue to add accessibility and liquidity to the range of ETPs offered by BOOST. BOOST now has 5 APs and 17 Market Makers on its ETP platform.

The ETPs being quoted today are some of BOOST’s most highly traded products. The six ETPs tracking gold, silver and oil made up 45% of trading volumes in February 2013. Currently the most traded out of all the listed products are the two tracking the FTSE 100, Boost FTSE 100 3x Leverage Daily ETP (3UKL) and Boost FTSE 100 3x Short Daily ETP (3UKS) with 37% of all traded volumes in February 2013. BOOST products were initially launched on the LSE in December 2012.

BOOST ETPs are designed to return 3x the daily movement, long or short, of the relevant benchmark index.

Nik Bienkowski, Co-CEO of BOOST ETP, comments: “We are pleased to be expanding our range of ETPs, starting with six of our most highly traded ETPs now being made available in GBP as well as USD. This will make BOOST ETPs most accessible to UK investors, with tighter relative spreads.

It is not surprising to see that oil, gold and silver are some of our most highly traded products. Historically, oil, gold and silver have always been some of the most successful ETCs globally, while more recently, despite positive equity returns, the returns from holding commodities have been more mixed. With the availability of 3x leverage and 3x short ETPs, investors can take advantage of both rising and falling markets.“

“We are elated that BOOST ETP is making these ETPs more accessible to UK investors, who are among the world’s most sophisticated,” said NASDAQ OMX Vice President Robert Hughes. “Because of increased accessibility to these popular ETPs, UK investors can employ additional trading strategies as they seek to meet their investment objectives.”