Market Overview

The Nasdaq Stock Market® Welcomes Seven New ETPs in the First Quarter of 2017

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NEW YORK, April 13, 2017 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ), the single largest U.S. equity exchange by market share, announced seven new exchange-traded products (ETP) listings from five different issuers during the first quarter of 2017. Nasdaq now has a total of 332 products listed from 39 unique issuers as of March 31, 2017, representing a 38 percent increase in products versus the first quarter of 2016.

Additionally, Nasdaq announced that Paul Roland, Associate Vice President at Nasdaq, has been appointed to lead the U.S. ETP Listings business. He will report to Tal Cohen, Senior Vice President and Head of North American Equities. Roland continues to be responsible for product development and market structure initiatives and will now also help issuers launch, list and trade products. He has more than 15 years' experience in the financial sector with roles at Vanguard, the Philadelphia Stock Exchange -- prior to its acquisition by Nasdaq -- and Bloomberg.

"Paul's wealth of trading experience coupled with his deep understanding of the ETP landscape will be a valuable asset as we continue to grow the team to strengthen existing and build new issuer relationships in 2017 and beyond," said Cohen. "Several innovative ETPs listed on Nasdaq in the quarter and we continue focusing our efforts on being the exchange of choice and supporting products of all types."

First Quarter Nasdaq ETP Listing Highlights:
Nasdaq was selected as the exchange of choice for seven new ETP launches:

Active Alts launched an actively managed fund that invests in companies with large short positions that are subject to a short squeeze; the fund began trading on March 22:

  • Active Alts Contrarian ETF (NASDAQ:SQZZ)

First Trust launched an actively managed fund that invests in fixed income securities; the fund began trading February 15:

  • First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD)

Gabelli Funds launched a product that invests in domestic and foreign companies in the food and beverage industries; the fund began trading February 14:

  • Gabelli Food of All Nations NextShares (NASDAQ:FOANC)

Davis Advisors launched three transparent actively-managed funds using a fundamental bottom up approach; the funds began trading January 12:

  • Davis Select U.S. Equity ETF (NASDAQ:DUSA)
  • Davis Select Financial ETF (NASDAQ:DFNL)
  • Davis Select Worldwide ETF (NASDAQ:DWLD)

ALPS launched a fund designed to capture momentum investing at both the sector and stock level, that tracks an index owned and developed by Dorsey, Wright & Associates, a Nasdaq Company; the fund began trading January 10:

  • ALPS Dorsey Wright Sector Momentum ETF (NASDAQ:SWIN)

For issuers who want to learn more about opportunities to list and grow on The Nasdaq Stock Market®, please visit our website or email etflistings@nasdaq.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 clients 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 85 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,800 listed companies with a market value of $10.1 trillion and nearly 18,000 corporate clients. To learn more, visit: 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 or its subsidiaries (collectively, "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

Nasdaq Media Contact:  
Christine Barna
(646) 441-5310
Christine.Barna@nasdaq.com

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