Deutsche Börse welcomes Leonteq as new ETN issuer on Xetra
Deutsche Börse welcomes Leonteq as new ETN issuer on Xetra The first ETN provides access to the European Short-Term Rate.
Since Thursday, an exchange-traded note (ETN) from Leonteq has been tradable on Xetra and Börse Frankfurt for the first time.
The Leonteq EUR Overnight Return Index ETP is a bond that tracks the performance of the Leonteq EUR Overnight Return Index and, above it, the European Short-Term Overnight Rate (ESTRON). This measures the interest rate for overnight loans in euros.
The Leonteq EUR Overnight Return Index rises by 1/360 of the ESTRON reference interest rate per calendar day. The product is fully secured by a fiduciary structure.
Name | Asset class | ISIN | Ongoing charges | Reference index |
Leonteq EUR Overnight Return Index ETP | Money Market ETN | 0.10 per cent | Leonteq EUR Overnight Return Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,255 ETFs, 196 ETCs und 244 ETNs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.