Changes to ETP Trading Hours Explained
WisdomTree Multi Asset Issuer Public Limited Company, a publicly traded company in Ireland, is making some significant changes to the trading hours for several of its Exchange Traded Products (ETPs). This memo aims to inform everyone affected about the new trading schedule, which will be taking effect soon.
ETP Securities and Their Updated Trading Hours
The changes specifically relate to the ETP Securities mentioned in this notice, collectively referred to as the Affected Securities. These modifications are part of the Issuer’s ongoing Collateralised ETP Securities Programme and are aligned with the Swap Provider Agreement. BNP Paribas Financial Markets is acting as the Swap Calculation Agent to facilitate these updates.
Reason Behind the Change in Trading Hours
Due to market conditions and operational considerations, the Standard Trading Hours for various Affected Securities are being adjusted. This change is aimed at creating a more favorable trading environment, giving investors better opportunities and greater efficiency during trading sessions.
Overview of the New Trading Hours
The new Standard Trading Hours will come into effect on Monday, 16 September 2024, and the specifics 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.
Contact Information and Further Communication
The Issuer has worked closely with all parties involved, including the Trustee and the Manager of the programme, to ensure a smooth transition to the new trading hours. If you have any questions about these changes, feel free to email them at europesupport@wisdomtree.com.
Frequently Asked Questions
What are the new trading hours for WisdomTree ETPs?
The new trading hours for select WisdomTree ETPs mostly remain consistent at 9:00-19:30 London Time, with some products adjusting for settlement times.
When will the changes to trading hours take effect?
These changes will be effective starting Monday, 16 September 2024.
Who is facilitating the changes in trading hours?
BNP Paribas Financial Markets, acting as the Swap Calculation Agent, is working alongside the Issuer to implement these changes in response to market conditions.
Where can I find more information about WisdomTree products?
You can find more details about WisdomTree's products through their official communication channels or by directly reaching out to their support team.
Will this impact my trading strategies as an investor?
Yes, these changes can influence trading strategies, especially concerning timing and execution. Investors are encouraged to review and possibly adjust their approach based on these new hours.
