UBS has admitted 69 exchange-traded commodities to the London Stock Exchange.

It is the bank’s first major issuance of ETCs in Europe outside Switzerland.
 
Pietro Poletto, head of ETFs and ETCs at London Stock Exchange Group, says: "We are delighted to welcome UBS's new products today. London is fast becoming the venue of choice for issuers looking to break into the European marketplace for exchange-traded products. Our market continues to evolve at an encouraging pace as both the breadth of products, and the level of trading activity, maintain trends of strong growth."
 
In the last four weeks two ETF providers, Osmosis Capital and Marshall Wace Indices, have chosen the London Stock Exchange on which to list their first products.
 
The average daily value traded in ETFs and ETCs across the London Stock Exchange's markets in February was GBP169m, a 19 per cent increase year-on-year. The average daily number of trades was 3,002, an increase of 11 per cent year-on-year.