19 February 2018
Visit www.avoka.com

Nasdaq enhances index platform; launches two new indices

27 July 2005  |  1508 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.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11506 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9063 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8922 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8816 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7453 views comments | 12 tweets | 10 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job