Barclays Bank PLC is expanding its exchange traded notes platform into Canada, with seven iPath ETNs set to be cross-listed on the Toronto Stock Exchange, the company announced on Wednesday.

The iPath ETNs, which are senior, unsecured, unsubordinated debt securities, are linked to equity volatility, currencies and the CBOE S&P 500 BuyWrite strategy. They are designed to provide investors with a cost-effective way to access the returns of market benchmarks or strategies that were previously expensive or difficult for investors to reach.

Like exchange traded funds, the ETNs trade on an exchange and can be shorted, and are linked to the return of a benchmark index. The products were first launched by Barclays Capital in the United States in 2006. There are currently 30 iPath ETNs listed on the NYSE Arca stock exchange.

The exchange traded notes to be listed on the TSX include:

iPath S&P 500 VIX Mid-Term Futures ETN (ticker symbol VXZ)
iPath S&P 500 VIX Short-Term Futures ETN (ticker symbol VXX)
iPath Optimized Currency Carry ETN (ticker symbol ICI)
iPath JPY/USD Exchange Rate ETN (ticker symbol JYN)
iPath GBP/USD Exchange Rate ETN (ticker symbol GBB)
iPath EUR/USD Exchange Rate ETN (ticker symbol ERO)
iPath CBOE S&P 500 BuyWrite IndexSM ETN (ticker symbol BWV)

“We are pleased to expand our iPath ETN platform in Canada. iPath ETNs have been tremendously successful in the U.S., attracting over US$5 billion in market capitalization, with over US$80 billion in volume traded since inception,” said Philippe El-Asmar, managing director and head of investor solutions at Barclays Capital.

In addition to the cross-listing in Canada, Barclays Capital launched the iPath S&P 500 VIX Mid-Term Futures ETN and the iPath S&P 500 VIX Short-Term Futures ETN on the Frankfurt Stock Exchange.

The company said it plans to cross-list or directly list additional iPath ETNs in other countries in the future.