January 8, 2010 / 3:17 PM / 9 years ago

US platinum, palladium ETFs begin trading

 NEW YORK, Jan 8 (Reuters) - The first U.S. platinum and
palladium exchange-traded funds began trading on Friday, and
buying interest could be seen in early sessions.
 More than 20,000 contracts of the ETFS Physical Platinum
Shares PPLT were traded by 10 a.m. EST (1500 GMT), and volume
in ETFS Physical Palladium Shares PALL exceeded 50,000 lots
on the NYSE Arca platform.
 The funds are wholly owned by London-based ETF Securities
Ltd, which runs more than 180 exchange-traded products
globally.
 The new exchange products are expected to give U.S.
investors easier access to the industrial metals, which have
already rallied on hopes of more fund-based stockpiling.
 (Reporting by Frank Tang; editing by Jim Marshall)






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