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Monday, April 22, 2024

Financial Products News #2024 - 13
Nasdaq Announces Launch of New Index Effective Tuesday, April 23rd, 2024

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)
  • Nasdaq Global Index Watch (GIW)
  • Nasdaq Global Index FlexFile Delivery (GIFFD)

Contact Information:

What you need to know:

Effective Tuesday, April 23rd, 2024, Nasdaq will begin disseminating the following new index on Nasdaq Global Index Watch (GIW) and the Nasdaq Global Index Data ServiceSM (GIDS).

What is the new index?

The Nasdaq-100 Max 30 Index (NDXMAX30) is designed to deliver exposure to Nasdaq-100 futures while targeting a volatility level of 30%. The Index uses the truVol® Risk Control Engine to dynamically adjust exposure to the Nasdaq-100 Futures Excess Return Index (the “Underlying Index”) on a daily basis.

How is the Index disseminated?

On Tuesday, April 23rd, 2024, data recipients will receive real-time index information from the proprietary GIDS data feed with the following attributes:

Instrument ID Instrument Name Currency Frequency FP Type
NDXMAX30 Nasdaq-100 Max 30 Index USD ODCL I

Will the components and weightings data be made available?

No. For access and more information on the Index on the Nasdaq Global Index Watch (GIW) and Nasdaq Global Index FlexFile Delivery (GIFFD), please contact Nasdaq Index Data Sales.

Where can I find additional information?

For questions about Nasdaq index products, please contact Index Services or visit GIW.

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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

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