XShares Group, Inc., a New York based financial services company, was founded in 2005 by Jeffrey Feldman and several experienced financial professionals. The company secured an exemptive order from the SEC to launch ETFs in November 2006. XShares Advisors, a wholly owned subsidiary of XShares Group, develops focused and innovative exchange traded funds. In 2007, XShares Advisors launched 24 ETFs across two ETF families: HealthShares™ and TDX Independence ETFs.