The Nasdaq OMX Group (Nasdaq:NDAQ) today announced the launch of options trading on the Nasdaq China Index (Nasdaq:CHXN), which is designed to track the performance of the largest Chinese companies whose securities are listed and actively traded in the U.S. Options trading on the Nasdaq China Index will begin trading today on Nasdaq OMX PHLX.
Susquehanna Securities is the specialist for this new product.
"Investors now have the ability to trade options on an index that tracks the performance of some of China's most innovative companies," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "This gives investors additional flexibility to tailor their trading strategies to their individual needs."
"Susquehanna Securities is a world leading market maker and acts as a critical provider of liquidity in several PHLX index options," stated Thomas Wittman, President of NASDAQ OMX PHLX, Inc. "With the participation of Susquehanna, we will be able to offer to the investing public a highly liquid, efficient vehicle to trade one of the most dynamic geographic sectors of the capital markets."
The NASDAQ China Index is a key benchmark to track the performance of innovative companies that have stimulated one of the world's most rapidly industrializing economies. The Index is comprised of 30 Chinese companies that are listed on NASDAQ, the New York Stock Exchange, or the NYSE Amex and is calculated using a modified market capitalization methodology. The NASDAQ China Index provides these companies with greater visibility and access from the U.S. to a large pool of investors worldwide. The Index underscores NASDAQ OMX's commitment to designing and calculating relevant world-class indexes.
The NASDAQ China Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 150.00 on May 3, 2007. For more information about the NASDAQ China Index, including the list of component companies, visit indexes.nasdaqomx.com/data.aspx?IndexSymbol=CHXN&menuIndex=2 .