Short and leveraged (S&L) exchange-traded fund provider Direxion Investments has changed the underlying reference index on six of its triple-leveraged long and short US Treasury bond ETFs. The move will see the ETFs switch from index provider NYSE to the Intercontinental Exchange.

Direxion will switch index providers on six S&L Treasury Bond ETPs in favour of Intercontinental Exchange on 2 May 2016.

Modifications to the ETFs, which are listed on the NYSE Arca, are expected to take effect around 2 May 2016.

Eric Falkeis, Chief Operating Officer, Direxion, commented: “Choosing Intercontinental Exchange as the new benchmark index provider for our Treasury ETFs is the result of a thorough due diligence process. Their proven expertise in index design and calculation services were important factors in our decision.”

ICE has been in the news recently amid rumours surrounding considerations over it bidding for the London Stock Exchange Group. The firm, which seeks to grow its indexing division, also recently was selected as the index provider to a range of iShares US Treasury ETFs.

The list of ETFs and their new indices follows:

Direxion Daily 7-10 Year Treasury Bear 1X Shares (TYNS)
ICE US Treasury 7-10 Year Bond Index

Direxion Daily 20+ Year Treasury Bear 1X Shares (TYBS)
ICE US Treasury 20+ Year Bond Index

Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD)
ICE US Treasury 7-10 Year Bond Index

Direxion Daily 7-10 Year Treasury Bear 3X Shares (TYO)
ICE US Treasury 7-10 Year Bond Index

Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF)
ICE US Treasury 20+ Year Bond Index

Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)
ICE US Treasury 20+ Year Bond Index