22 October 2017
visit www.avoka.com

Nasdaq enhances index platform; launches two new indices

27 July 2005  |  1501 views  |  0 Source: Nasdaq

The NASDAQ Stock Market (Nasdaq: NDAQ) today announced it has enhanced its longstanding capabilities as an index provider by launching a state-of-the-art indexing platform and two new indexes that are calculated on the platform.

The new indexes are the NASDAQ-100 Equal Weighted Index (Symbol: NDXE) and the NASDAQ Healthcare Index (Symbol: IXHC).

The enhanced index platform is built upon NASDAQ's industry-leading technology platform. All existing NASDAQ indexes are calculated on this platform, including the world renowned NASDAQ-100 Index, NASDAQ Financial-100 Index NASDAQ Composite Index, NASDAQ Biotechnology Index and America's Community Bankers NASDAQ Index.

The index platform greatly expands NASDAQ's indexing capabilities, enabling NASDAQ to calculate and disseminate an unlimited number of indexes on a real-time basis. In addition to both total return and price return indexes, NASDAQ can now calculate and disseminate indexes that include securities listed on NASDAQ, the New York Stock Exchange and the American Stock Exchange.

John Jacobs, Executive Vice President of NASDAQ Financial Products, said, "As a leading index provider since 1971, we are committed to providing relevant strategy indexes and services to those ranging from the smallest investor, to the most sophisticated trader to the largest mutual fund manager."

The NASDAQ-100 Equal Weighted Index is the equal weighted version of the NASDAQ-100 Index, which includes 100 of the largest non-financial securities listed on NASDAQ based on market capitalization. It enables investors to invest in equal measure in the performance of NASDAQ-100 securities. The Index contains the same securities as the NASDAQ-100 Index but each of the securities is initially set at a weight of 1.00% of the Index and is rebalanced quarterly.

The NASDAQ Health Care Index is a market value weighted index that contains NASDAQ listed companies classified, according to the FTSE Global Classification System, as "Health," "Pharmaceutical" or "Biotechnology." They include health maintenance organizations, hospital management and long-term care, medical equipment and supplies, other health care, biotechnology, and pharmaceutical companies. "These new indexes provide market participants with new opportunities to own shares in industry-leading companies and equips them with additional investment options," Jacobs added. "We are tremendously excited to add them to our broad selection of world-class indexes."

The NASDAQ-100 Equal Weighted Index and the NASDAQ Healthcare Index are generally calculated without regard to cash dividends on component securities.

All NASDAQ indexes are calculated every fifteen seconds, disseminated at the same interval over the NASDAQ Index Dissemination Service (NIDS), and can be accessed through financial data vendors.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14480 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13045 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9783 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9659 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8790 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job