The New York Stock Exchange Lists Its First ETF on the Big Board in 15 Years
November 14 2022 - 9:30AM
Business Wire
PIMCO Active Bond Exchange-Traded Fund begins
trading today, making it also the first active ETF to be listed on
the NYSE
Able to leverage the NYSE’s unique floor-based
trading model, greater visibility
The New York Stock Exchange, part of Intercontinental Exchange,
Inc. (NYSE: ICE), a leading global provider of data, technology and
market infrastructure, announced that the PIMCO Active Bond
Exchange-Traded Fund (NYSE: BOND) began trading today as an
NYSE-listed ETF. It becomes the first ETF to list on the NYSE in
the past 15 years and the first-ever active ETF to be listed on the
Big Board.
The historic event marked the completion of the PIMCO Active
Bond Exchange-Traded Fund’s listing transfer from NYSE Arca, the
fully electronic exchange that is the industry leader in ETFs both
by number of U.S. listings and assets under management.
By listing on the NYSE, the PIMCO Active Bond Exchange-Traded
Fund can take full advantage of the NYSE’s unique floor-based
trading model, which combines cutting-edge technology with
accountability and human judgment to enhance market quality and
improve trading outcomes for investors. In recent years, the
Securities and Exchange Commission approved a series of rule
changes that allow for a broad range of ETFs to list on the
NYSE.
“We are excited to welcome the PIMCO Active Bond Exchange-Traded
Fund to the New York Stock Exchange, making history as the first
active ETF to ever list on the NYSE floor,” said Douglas Yones, the
NYSE’s Head of Exchange Traded Products. “The NYSE is thrilled to
be able to bring ETFs to our iconic trading floor, where they can
leverage a unique trading model that combines industry-leading
technology and human judgment as well as the greater visibility
inherent in an NYSE listing.”
“This year’s dramatic rise in yields makes bonds more attractive
for patient investors looking for returns in a volatile
environment,” said David Braun, PIMCO Managing Director and
Portfolio Manager. “We believe actively-managed core bond
strategies like BOND can play an important role as an income
generator and a diversifier within portfolios, especially during an
economic slowdown.”
The NYSE’s ability to list ETFs on both the NYSE and NYSE Arca
exchanges gives issuers an even broader set of tools to reach
global investors. ETFs that are actively managed or invest in less
actively traded securities may benefit from a listing on the NYSE,
with its emphasis on leveraging human judgment to reduce
volatility. Listing on either exchange provides ETF issuers with
membership in the NYSE community, which brings a number of
advantages including the incomparable visibility that stems from
listing on an NYSE exchange.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:
ICE), a leading global provider of data, technology and market
infrastructure. NYSE Group’s equity exchanges -- the New York Stock
Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National
-- trade more U.S. equity volume than any other exchange group. The
NYSE, an ICE exchange, is the premier global venue for capital
raising. NYSE Arca Options and NYSE Amex Options are leading equity
options exchanges. To learn more, visit nyse.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2021, as
filed with the SEC on February 3, 2022.
Category: NYSE
ICE-CORP
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NYSE Media Contact: Bridget Walsh bridget.walsh@nyse.com (212)
656-2298
ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com
(678) 981-3882
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