QQQ trading on Nasdaq Canada
Our Markets Bureau
31 January 2002
"We are delighted to have Citibank-sponsored options on QQQ available to Canadian investors through this cooperation with the Montreal Stock Exchange and Citibank," says Nasdaq Canada president Helen Kearns. "We know that Canadians are looking for more ways to invest in Nasdaq-branded products and the Citibank sponsored options provides an excellent new opportunity to do that."
Says Nasdaq Financial Products Services CEO John Jacobs: "Now that sponsored options in QQQ are able to trade in Canada, we look for investor awareness of the Nasdaq-100 Index and QQQ to increase. With the Nasdaq-100 Index already linked to the return of several Canadian notes and used as a benchmark for a number of Canadian mutual funds, the sponsored options should add to the visibility of the Nasdaq-100 in Canada." Citibank-sponsored options on the Nasdaq-100 Index Tracking Stock will allow Canadian investors to gain a long-term exposure to QQQ at a fraction of the cost, underlying the asset. The trading began on 28 January 2002.