Nasdaq Lists Two AccuShares Spot CBOE VIX ETFs

Nasdaq today announced that AccuShares Investment Management LLC (AccuShares) will list two new exchange-traded funds (ETFs), AccuShares Spot CBOE VIX ETF Up Class Shares

and Down Class Shares

, which will begin trading on The Nasdaq Stock Market on Tuesday, May 19, 2015. The funds will track the CBOE Volatility Index (VIX). "We are delighted to partner with Nasdaq as we launch our first funds for the ETF market," said Jack Fonss, Chief Executive Officer and Co-Founder of AccuShares. "The reach and technology capabilities that Nasdaq offers will help us deliver on our goal of democratizing 'spot' exposure for ETF investors." With VXUP, investors can seek to capitalize on increases in the VIX, and with VXDN, can seek to capitalize on decreases in the VIX. Unlike other exchange-traded VIX funds, the AccuShares Spot CBOE VIX ETF provides straightforward tax reporting through Form 1099s. Its transparent pricing and product architecture provide predictable cost of ownership, eliminating the asset complexities and term structure associated with other exchange-traded offerings. "We are thrilled to list the first AccuShares ETFs and we appreciate AccuShares' confidence in choosing the Nasdaq marketplace to list and trade ETFs," said Jeff McCarthy, Vice President, Head of U.S. ETP Listings at Nasdaq. "Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs. The new innovative funds, VXUP and VXDN, offer investors unique capabilities to access spot indices." Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants that represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support at every level 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.