Index provider FTSE Group has licensed the FTSE 100 Index to Recon Capital Partners who will list the first US-listed ETF benchmarked to the UK’s flagship equity index.

The launch will enable ETF investors to trade the FTSE 100 throughout the 24 hour trading day globally.

“With the arrival of the Recon Capital FTSE 100 ETF, the sun will never set on the ability to trade ETFs benchmarked to Britain’s flagship index," said Kevin Kelly, managing partner, Recon Capital Partners. 

"This ETF continues our firm’s objective to provide US investors with exposure to the premier benchmarks in Europe.”

The main indicator for the performance of companies listed on London Stock Exchange,  the FTSE 100 was launched 30 years ago with a market capitalisation of £164bn, which has risen to approximately £2trn in 2015. Its highest end-of-day value reached to date is 7103.98.

“This new product launch represents a great example of working across borders to create new opportunities," said Mark Makepeace, chief executive, FTSE Group. "We are delighted that ETFs linked to the FTSE 100 Index can now trade continuously.”