FTSE, the global index provider, has granted a licence to Boost ETP to launch a new range of ETPs based on its FTSE MIB Leveraged and Short indices.

Boost ETP, an independent provider of specialised Exchange Traded Products (ETPs) within the European market, has today listed two new ETPs tracking the index on Borsa Italiana. These are the Boost FTSE MIB 3x Short Daily ETP (3ITS) and the Boost FTSE MIB 3x Leverage Daily ETP (3ITL).

The new listings follow Boost ETP’s recent launch of ETFs based on FTSE 100 and FTSE 250 Leveraged and Short indices. FTSE’s Short and Leveraged indices are based on some of the most widely used stock indices globally and are designed to enable products which hedge against the standard indices and to express views on the indices as investments.

In common with all FTSE indices, this index is managed according to a publicly available set of rules and overseen by an independent committee of seasoned market practitioners.

Sudir Raju, managing director, ETP Relationships, FTSE Group, said: "We are delighted to help Boost ETP launch its first FTSE MIB ETPs, the company’s first exchange traded products to be listed on Borsa Italiana. As a leading provider of global benchmark indices, FTSE continues to work with its clients to help them reach new markets and customers."

Nik Bienkowski, co-CEO of Boost ETP, said: "Italian investors are very familiar with ETPs that track short and leverage daily returns. The 2x Leverage and 2x Short FTSE MIB ETPs were the most traded ETPs on Borsa Italiana in August. Boost believes that 3X ETPs are the natural progression in the evolution of the Italian ETP market. Boost is very proud to be listing Italy’s first 3x Short and 3x Leverage FTSE MIB ETPs on Borsa Italiana. Short and Leverage products can be useful tools, allowing investors to hedge portfolios or take short terms views on the world’s major commodity and equity indices. Having already assisted with the launch of short and leverage ETPs in Italy before, Boost’s founders look forward to continuing their relationship with the Italian market."