The Tokyo Stock Exchange is looking to allow the listings of exchange-traded notes (ETN) from April, Reuters reports, citing Nikkei. The listed ETNs will track indexes for the prices of precious metals, Asian stocks and other assets. The exchange, which plans to list ETNs in the form of depository receipts, modified its listing rules on Jan. 28, 2011. Barclays and BNP Paribas are expected to prepare ETNs for the Tokyo bourse, while Mitsubishi UFJ Trust and Banking will also enter the market for managing ETNs.
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