BarCap chooses Amex for new iPath listing

Barclays Capital (BarCap) has chosen to list its new iPath exchange traded note (ETN) on the American Stock Exchange (Amex). The note is linked to the Chicago Board Options Exchange (CBOE) S&P 500 BuyWrite Index and the Amex specialist unit is Susquehanna Investment Group.

iPath ETNs track a reference index, trade on an exchange, offer secondary market liquidity and tax efficiency, and boast low fees. Up until now BarCap has listed all iPath notes on the New York Stock Exchange (NYSE), providing investors with delta-one exposure to the returns of various difficult-to-access market benchmarks.

The first two notes, the iPath GSCI Total Return Index ETN and iPath Dow Jones-AIG Commodity Index Total Return ETN, began trading on the NYSE on June 7, 2006. On August 16