Nasdaq Lists The Recon Capital FTSE 100 ETF
29 Avril 2015 - 2:30PM
Nasdaq announced that Recon Capital Partners will list a new
exchange-traded fund (ETF), The Recon Capital FTSE 100 ETF (Symbol:
UK), which will begin trading on The Nasdaq Stock Market today,
April 29, 2015.
"Nasdaq is a leading-edge and modern marketplace, making it the
perfect place to list the Recon Capital FTSE 100 ETF," says Kevin
Kelly, CIO of Recon Capital Partners. "It has demonstrated a
commitment and a growing presence in the ETP market, which is why
we once again turned to the Nasdaq when we decided to launch UK. We
believe that Nasdaq's reputation, coupled with the innovative
features of UK, will support a successful investor offering."
UK is designed to give U.S. investors direct access to the
well-capitalized listed companies on the London Stock Exchange.
Recon Capital partnered with FTSE and the London Stock Exchange to
license its flagship index. The fund will have an initial expense
ratio of 45 basis points. UK provides U.S. investors with exposure
to the premier benchmarks in Europe and joins its sister product,
the Recon Capital DAX Germany ETF (Symbol: DAX), listed on The
Nasdaq Stock Market. By utilizing UK and DAX, investors can tap
into the strongest economies in Europe and the underlying blue chip
companies based in Britain and in Germany.
"Recon Capital launched their first ETF in 2013 and we
appreciate their continued confidence in choosing Nasdaq as a
primary market listing venue," said Jeff McCarthy, Vice President,
Head of ETP Listings at Nasdaq. "As Nasdaq continues to focus on
exchange-traded products, we look to provided continued support to
Recon Capital's innovative product expansion."
Nasdaq operates an efficient platform for successfully
introducing a product suite into one of the single largest pools of
liquidity, including market participants which represent a full
spectrum of investors. ETF issuers benefit from an end-to-end
solution that provides ongoing product support including index
licensing, listings opportunities, data offerings and trading
services.As the home to some of the world's most innovative
ventures, Nasdaq generates opportunities for issuers to access new
markets and deliver new concepts that change the way the industry
develops, manages and applies ETFs.
About Recon Capital Partners:
Recon Capital Partners, LLC is an SEC Registered Investment
Adviser headquartered in Greenwich, CT that focuses on bringing
innovative, efficient, and niche products to the exchange traded
fund universe. Recon's funds are for institutional investors,
financial professionals, and individual investors that need liquid,
transparent, and cost effective strategies.
Recon Capital uses its investment expertise and operational
infrastructures to deliver market-driven, value-added products that
meet the evolving needs of global investors.
To visit the fund manager's website, please visit
www.ReconCapitalPartners.com.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,500 listed companies
with a market value of approximately $9.5 trillion and more than
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition
or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements
that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements about Nasdaq and its products
and offerings. We caution that these statements are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq's control. These factors include,
but are not limited to factors detailed in Nasdaq's annual report
on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
Nothing contained herein should be construed as investment
advice from Nasdaq, either on behalf of a particular financial
product or an overall investment strategy. Nasdaq makes no
recommendation to buy or sell any financial product or any
representation about the financial condition of any company or
fund. Investors should undertake their own due diligence and
carefully evaluate financial products before investing. ADVICE FROM
A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
NDAQG
CONTACT: Recon Capital Partners Media Contact:
Lauren McCormack Davis - GREGORY FCA
(610) 228-2103 (direct)
(610) 220-8635 (mobile)
lauren@gregoryfca.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
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