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Thursday, April 25, 2024

Financial Products News #2024 - 14
Nasdaq Announces Ticker Changes to Two Indexes and Name Changes to Seven Indexes Effective Monday, June 3rd, 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 Monday, June 3rd, 2024 Nasdaq will change the Tickers/Names of the following Indexes on the Nasdaq Global Index Data ServiceSM (GIDS).

What are the indexes?

The Nasdaq Bitcoin/Ethereum Index (NQBEI) is designed to measure the performance of the industry’s two most prominent digital assets, Bitcoin and Ethereum. The Index has been specifically designed to allow Institutional Investors to track the real-time value of a free float-weighted basket of Bitcoin and Ethereum by applying a rigorous methodology to order book data captured from cryptocurrency exchanges that meet eligibility criteria of the Nasdaq Crypto Index (NCI).

The Nasdaq Bitcoin/Ethereum Index Settlement Price (NQBEIS) is a daily closing value of the Nasdaq Bitcoin/Ethereum Index (NQBEI), which is designed to measure the performance of the industry’s two most prominent digital assets, Bitcoin and Ethereum. The Index has been specifically designed to allow Institutional Investors to track the daily price of a free float-weighted basket of Bitcoin and Ethereum by applying a rigorous methodology to transaction data captured from cryptocurrency exchanges that meet eligibility criteria of the Nasdaq Crypto Index (NCI).

The Nasdaq Crypto Index Settlement Price (NCIS) is a daily closing value of the Nasdaq Crypto Index (NCI), which is designed to measure the performance of a significant portion of the digital asset market and to provide a benchmark for institutional investment in this new and emerging asset class. The Index is specifically designed to be dynamic in nature, broadly representative of the market, and readily trackable by investors.

What are the changes?

On Monday, June 3rd, 2024, data recipients will receive real-time index information from the proprietary GIDS data feed with the following changes:

Old Ticker Old Name New Ticker New Name
NQBEI Nasdaq Bitcoin/Ethereum Index NCIUS Nasdaq Crypto US Index
NQBEIS Nasdaq Bitcoin/Ethereum Index Settlement Price NCIUSS Nasdaq Crypto US Settlement Price Index
NCIS Nasdaq Crypto Index Settlement Price NCIS Nasdaq Crypto Settlement Price Index
NQBTC Nasdaq Bitcoin Reference Price NQBTC Nasdaq Bitcoin Reference Price Index
NQBTCS Nasdaq Bitcoin Reference Price - Settlement NQBTCS Nasdaq Bitcoin Settlement Price Index
NQETH Nasdaq Ether Reference Price NQETH Nasdaq Ether Reference Price Index
NQETHS Nasdaq Ether Reference Price - Settlement NQETHS Nasdaq Ether Settlement Price Index

In addition to the real-time tick messages, Nasdaq will support the following directory messages on GIDS:

  • 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.

Where can I find additional information?

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

Please follow Nasdaq on Facebook RSS and Twitter.

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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