Monday, April 30, 2007

NYSE Group Lists First Russian ETF in the U.S.

NYSE Euronext (NYSE Euronext: NYX) subsidiary, NYSE Group, Inc. todayannounced the listing of Market Vectors – Russia ETF (NYSE: RSX). As the first ETF focused on offering investors exposure to a broad spectrum of Russian companies, RSX is sponsored by Van Eck Global and is designed to track the price and yield performance, before fees and expenses, of the DAXglobal® Russia + Index (DXRPUS).

DAXglobal® Russia + Index is calculated and maintained by Deutsche Börse AG and is comprised of 30 of the most heavily traded Russian securities that have exchange listings either through an American Depository Receipt (ADR), a Global Depository Receipt (GDR) or local Russian shares. The index includes NYSE-listed Wim-Bill-Dan (NYSE: WBD), Rostelecom (NYSE: ROS), Vimpel Communications (NYSE:VIP), and Mobile Telsys (NYSE: MBT).

“We are proud to list the first Russian ETF in the U.S. ” said NYSE Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “Market Vectors - Russia ETF offers investors exposure to Russian companies and further demonstrates NYSE Euronext’s dedication to expanding our global footprint by providing our customers with the widest variety of trading products and services.”

The Market Vectors - Russia ETF will be listed and traded on the NYSE from 9:30 a.m. to 4:15 p.m. ET by a specialist. The fund’s Indicative Optimized Portfolio Value (RSX.IV) and associated fund data will be calculated and provided by NYSE Arca from 4 a.m. ET to 8 p.m. ET to coincide with the expected NYSE Arca unlisted trading. The calculation services are an enhancement to our ETF technology services available to issuers.

NYSE Group markets have 180 primary ETF listings and trade all other eligible ETFs on a UTP basis. In first quarter 2007, NYSE Group handled 45% of all ETF shares traded in the U.S. market. As the largest exchange group for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.

About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues its 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Van Eck Global’s investment products are designed for investors seeking innovative choices for portfolio diversification. They are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.

About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $118.8 billion/€89.9 billion (as of February 28, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.

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