Barclays Global Investors announced an agreement back in July of this year, to transfer 61 iShare ETFs to the NYSE in three transactions that will span over a period of two years. Barclays expects 16 additional ETFs to be transferred in 2006, and the last five in 2007.
"The exchange is fully committed to expanding its presence in the growing ETF market and becoming the world's foremost multi-asset class marketplace," said John A. Thain, NYSE chief executive officer. "We are proud to continue our strong partnership with BGI by bringing investors innovative and diverse investment vehicle," he added.
This action allows the NYSE to grow in the ETF sector, by trading ETFs, structured products and other derivative securities.