Adjustments to WisdomTree ETP Trading Hours Explained
Understanding the Changes to ETP Trading Hours
WisdomTree Multi Asset Issuer Public Limited Company, a publicly traded entity in Ireland, has announced important changes affecting the trading hours of several classes of its Exchange Traded Products (ETPs). This memo serves to inform stakeholders about the new trading schedule that will take effect shortly.
The Affected Securities and Their Trading Hours
The upcoming amendments specifically pertain to the ETP Securities outlined in this notice, identified collectively as the Affected Securities. These changes are part of an ongoing effort under the Issuer’s Collateralised ETP Securities Programme. The adjustments align with the terms set forth in the Swap Provider Agreement and have been facilitated by BNP Paribas Financial Markets as the Swap Calculation Agent.
Why the Trading Hours are Changing
In response to market conditions and operational considerations, the Standard Trading Hours for various Affected Securities will be modified. This is intended to accommodate a more favorable trading environment, providing investors with updated opportunities and greater efficiency during trading sessions.
Details of the New Trading Hours
Starting on the effective date, Monday 16 September 2024, the changes to the Standard Trading Hours are as follows:
- WisdomTree Brent Crude Oil 3x Daily Leveraged (Ticker: 3BRL)
Current: 9:00-19:30 London Time; New: 9:00-19:30 London Time, subject to ICE Europe designated settlement times. - WisdomTree Brent Crude Oil 3x Daily Short (Ticker: 3BRS)
Current: 9:00-19:30 London Time; New: 9:00-19:30 London Time, subject to ICE Europe designated settlement times. - WisdomTree Silver 3x Daily Short (Ticker: 3SIS)
Current: 5:00-13:30 New York Time; New: 5:00-13:25 New York Time. - WisdomTree Bloomberg Brent Crude Oil (Ticker: BRND)
Current: 9:00-19:30 London Time; New: 9:00-19:30 London Time, subject to ICE Europe designated settlement times. - WisdomTree Copper IE (Ticker: COPR)
Current: 9:00-19:30 London Time; New: 5:00-18:00 New York Time.
Communication and Contact Information
The Issuer has facilitated these amendments through close collaboration with involved parties, including the Trustee and the Manager of the programme, ensuring a seamless transition to the new trading hours. If you require further information regarding these changes, please reach out via email at europesupport@wisdomtree.com.
Frequently Asked Questions
What are the new trading hours for WisdomTree ETPs?
The new trading hours for select WisdomTree ETPs vary, with most remaining consistent at 9:00-19:30 London Time, subject to settlement adjustments for certain products.
When will the changes to trading hours take effect?
The revised trading hours will be effective from Monday, 16 September 2024.
Who is responsible for the changes in trading hours?
BNP Paribas Financial Markets serves as the Swap Calculation Agent and has collaborated with the Issuer for these changes based on market needs.
Where can I find more information about WisdomTree products?
Further details about WisdomTree's offerings can be accessed through their official communication channels or by contacting their support team.
Does this affect trading strategies for investors?
Yes, these adjustments may impact trading strategies, particularly regarding timing and execution of transactions, and investors should review their approach accordingly.
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