Platinum ETN Launching

by billb 8. May 2008 11:59

Platinum lovers in the United States will finally get what they've been asking for.  Tomorrow, a brand new (probably shiny) ETN will launch along with its short counterpart on the NYSE.  The ticker symbols are PTM for the long platinum and PTD for the short platinum.  These will be brought to you by UBS E-TRACS.  Non-U.S. traders have had a platinum ETF on the market for over a year.  All U.S. traders who wanted platinum exposure could only do so through futures contracts, until tomorrow.

No information has been posted to their site at the time of this writing.

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