Cronus Capital Markets, Inc.
Dec 04, 2007 10:46 ET
The ISE-CCM Homeland Security Index Lists on the NYSE as an ETF
TORONTO, ONTARIO--(Marketwire - Dec. 4, 2007) - The ISE-CCM Homeland Security Index, originally developed by Cronus Capital Markets (CCM) and the International Securities Exchange (ISE), has been listed on the NYSE as the FocusShares ISE-CCM Homeland Security ETF (NYSE:MYP). Cronus Capital Markets took part in the closing bell ceremony on Nov. 30, 2007 as the ETF went live.
Exchange-traded funds (or ETFs) are open-ended investment companies that can be traded at any time throughout the course of the day. Index options on the ISE-CCM Homeland Security Index have been trading on the International Securities Exchange (ISE:HSX) since 2005 with Timber Hill LLC acting as the primary market maker.
The ISE-CCM Homeland Security Index, with 30 components, measures the performance of companies primarily engaged in the business of contractual work with the department of Homeland Security, law enforcement agencies, or providing products or services for the following efforts: intelligence and warning; border and transportation security; domestic counterterrorism; protection of critical infrastructure; defense against catastrophic threats; and, emergency preparedness and response.
Michael Soni, President and CEO of Cronus Capital Markets, stated that "Both individual and institutional investors will now have a direct avenue in which to participate in the growth of this important sector. Furthermore, investors will be able to hedge their portfolios against the risk of terrorism in a manner never before available."
According to Bruce Aitken, President of the Homeland Security Industries Association (HSIA), "The HSIA is the leading U.S. trade association for homeland security companies and we are pleased to participate in the launch of the FocusShares ISE-CCM Homeland Security ETF as the only tradable pure investment product relating to Homeland Security. Homeland Security is the business of all businesses and of every US citizen. Since 9-11 the business of homeland security has undergone a dramatic overhaul and America's safety will continue to require cooperation between the public and private sectors. We believe that the FocusShares ISE-CCM Homeland Security ETF is a major step in the right direction."
Both Mr. Soni and Mr. Aitken remarked that the existence of a Homeland Security ETF will drive institutional investor attention in the direction of the Homeland Security sector in a much more focused way, ultimately leading to increased investment for companies with homeland security solutions.
Cronus Capital Markets (CCM), headquartered in Toronto with offices in New York, Vancouver, and Los Angeles, is a global investment information firm strategically producing and distributing investment information to the investment community on relatively undiscovered "high growth" potential areas of the market. CCM operates in three divisions: CCM Indexes, CCM Research, and CCM Consulting. (www.cronuscapitalmarkets.com)
FocusShares is an investment management company that has a single mission - to develop and issue exchange traded funds (ETFs) that not only capture investor's imagination but, most importantly, allow investors to own and trade targeted investment objectives. FocusShares has built ETFs that are based on indexes from the International Securities Exchange (ISE). The ISE indexes are not just innovative; they're indexes for the real world. (www.focusshares.com)
The ISE, the world's largest equity options exchange, was founded on the principle that technology fosters and infuses new efficiencies and operational innovations into securities trading. After developing an innovative market structure that integrated auction market principles into an advanced screen-based trading system, the ISE launched the first fully electronic US options exchange in May 2000. The ISE continually enhances its trading systems to provide investors with the best marketplace to execute their options orders. (www.iseoptions.com)
HSIA, with over 700 members, has chapters across the United States and in Canada, Europe, and the Middle East. The Association monitors and analyzes legislation, regulation, and related hearings concerning homeland security; coordinates and disseminates to its members information regarding federal, state, and local requests for proposals (RFPs) related to homeland security procurement; develops position papers, reflecting industry positions and concerns that may be shared with government officials; and provides networking opportunities among industry and government leaders. Mr. Aitken is also the Co-Chair for HSIA's Global Alliance for Homeland Security, under which they have affiliated with the European Homeland Security Industry Association. (www.hsianet.org)
Exchange-traded funds (or ETFs) are open-ended investment companies that can be traded at any time throughout the course of the day. Index options on the ISE-CCM Homeland Security Index have been trading on the International Securities Exchange (ISE:HSX) since 2005 with Timber Hill LLC acting as the primary market maker.
The ISE-CCM Homeland Security Index, with 30 components, measures the performance of companies primarily engaged in the business of contractual work with the department of Homeland Security, law enforcement agencies, or providing products or services for the following efforts: intelligence and warning; border and transportation security; domestic counterterrorism; protection of critical infrastructure; defense against catastrophic threats; and, emergency preparedness and response.
Michael Soni, President and CEO of Cronus Capital Markets, stated that "Both individual and institutional investors will now have a direct avenue in which to participate in the growth of this important sector. Furthermore, investors will be able to hedge their portfolios against the risk of terrorism in a manner never before available."
According to Bruce Aitken, President of the Homeland Security Industries Association (HSIA), "The HSIA is the leading U.S. trade association for homeland security companies and we are pleased to participate in the launch of the FocusShares ISE-CCM Homeland Security ETF as the only tradable pure investment product relating to Homeland Security. Homeland Security is the business of all businesses and of every US citizen. Since 9-11 the business of homeland security has undergone a dramatic overhaul and America's safety will continue to require cooperation between the public and private sectors. We believe that the FocusShares ISE-CCM Homeland Security ETF is a major step in the right direction."
Both Mr. Soni and Mr. Aitken remarked that the existence of a Homeland Security ETF will drive institutional investor attention in the direction of the Homeland Security sector in a much more focused way, ultimately leading to increased investment for companies with homeland security solutions.
Cronus Capital Markets (CCM), headquartered in Toronto with offices in New York, Vancouver, and Los Angeles, is a global investment information firm strategically producing and distributing investment information to the investment community on relatively undiscovered "high growth" potential areas of the market. CCM operates in three divisions: CCM Indexes, CCM Research, and CCM Consulting. (www.cronuscapitalmarkets.com)
FocusShares is an investment management company that has a single mission - to develop and issue exchange traded funds (ETFs) that not only capture investor's imagination but, most importantly, allow investors to own and trade targeted investment objectives. FocusShares has built ETFs that are based on indexes from the International Securities Exchange (ISE). The ISE indexes are not just innovative; they're indexes for the real world. (www.focusshares.com)
The ISE, the world's largest equity options exchange, was founded on the principle that technology fosters and infuses new efficiencies and operational innovations into securities trading. After developing an innovative market structure that integrated auction market principles into an advanced screen-based trading system, the ISE launched the first fully electronic US options exchange in May 2000. The ISE continually enhances its trading systems to provide investors with the best marketplace to execute their options orders. (www.iseoptions.com)
HSIA, with over 700 members, has chapters across the United States and in Canada, Europe, and the Middle East. The Association monitors and analyzes legislation, regulation, and related hearings concerning homeland security; coordinates and disseminates to its members information regarding federal, state, and local requests for proposals (RFPs) related to homeland security procurement; develops position papers, reflecting industry positions and concerns that may be shared with government officials; and provides networking opportunities among industry and government leaders. Mr. Aitken is also the Co-Chair for HSIA's Global Alliance for Homeland Security, under which they have affiliated with the European Homeland Security Industry Association. (www.hsianet.org)
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