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US SEC approves request to list quadruple-leveraged ETFs

Published Wed, May 3, 2017 · 09:50 PM
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New York

THE Securities and Exchange Commission (SEC) on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds (ETFs), marking a first for the growing market for such products in the United States.

The request to list ForceShares Daily 4X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4X US Market Futures Short Fund, under the ticker DOWN, was filed by Intercontinental Exchange Inc's NYSE Arca exchange.

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