Monday, October 15, 2012

Financial Products News #2012 - 75
NASDAQ OMX to Launch Four New Indexes Effective Friday, October 19, 2012

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Global Data Index Service (GIDS and GIDS 2.0)

Contact Information:

What you need to know:

  • Effective Friday, October 19, 2012, NASDAQ OMX will begin disseminating the following new indexes on the Global Index Data ServiceSM (GIDSSM).
  • NASDAQ-100 3x Inverse Index (Symbol: NDXS3)
  • NASDAQ-100 3x Inverse Total Return Index (Symbol: XNDXS3)
  • NASDAQ-100 3x Leveraged Index (Symbol: NDXL3)
  • NASDAQ-100 3x Leveraged Notational Net Return Index (Symbol: XNDXNNRL3)

What are the new indexes?

The NASDAQ-100 3x Inverse Index has been constructed with the objective of creating an index to reflect a strategy that aims to produce three times the inverse daily return of the "Underlying Index," with borrowing costs embedded in the performance of the Index. The Index is made up of the combination of an investment aiming to replicate a short position on the Underlying Index with a short exposure and borrowing at a given rate.

The NASDAQ-100 3x Leveraged Index has been constructed with the objective of creating an index to reflect a strategy that aims to produce three times the daily return of the "Underlying Index," with financing costs embedded in the performance of the Index. The Index is made up of the combination of an investment aiming to replicate a long position on the Underlying Index with an increased exposure and borrowing at a given interest rate.

How will the indexes be disseminated in GIDS 2.0?

Effective Friday, October 19, 2012, data recipients will receive real-time Index information from the proprietary GIDS 2.0 data feed.

NASDAQ OMX will identify this index via the following data elements in GIDS 2.0:

Instrument ID Instrument Name Currency Frequency FP Type Brand
NDXS3 NASDAQ-100 3x Inverse Index USD "15S" "I" "NQ"
XNDXS3 NASDAQ-100 3x Inverse Total Return Index USD "15S" "I" "NQ"
NDXL3 NASDAQ-100 3x Leveraged Index USD "15S" "I" "NQ"
XNDXNNRL3 NASDAQ-100 3x Leveraged Notational Net Return Index USD "15S" "I" "NQ"
  • Equities Summary (Message Type F): Disseminated at the end of the U.S. and European trading session to relay the summary of the current trading day's activity for an equity index.
  • Index Directory (Message Type R): Disseminated at the start of each day to relay basic index information.

Please note: NASDAQ OMX will not support an official Index Settlement Value at this time.

Where can I find additional information?


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About the NASDAQ OMX Group:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.

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