Monday, August 13, 2012
Equity Trader Alert #2012 - 32
NASDAQ to Begin Listing New First Trust Exchange-Traded Fund VI ETFs on Tuesday, August 14, 2012
What you need to know:
When will the new ETFs begin trading?
Effective Tuesday, August 14, 2012, NASDAQ plans to begin trading the following new ETFs:
- Multi-Asset Diversified Income Index Fund (Symbol: MDIV)
- First Trust NASDAQ Technology Dividend Index Fund (Symbol: TDIV)
For more information, refer to the First Trust Exchange-Traded Fund VI Informational Circular on the NASDAQ OMX Trader® website.
How will the ETFs be traded?
The new ETFs will be designated as a NASDAQ Global Market security.
How is ETF data disseminated?
NASDAQ OMX® will also begin disseminating daily valuation information for the new First Trust Exchange-Traded Fund VI ETFs on Tuesday, August 14, 2012. These daily valuations will be posted on the NASDAQ OMX Trader website as well as disseminated through the NASDAQ OMX proprietary index data services with the following data elements and identifiers:
|Issue Name for ETF||NASDAQ-listed Trading Symbol||Intraday Portfolio Value||Estimated Cash Amount Per Creation Unit||Total Cash Amount Per Creation Unit||Net Accrued Dividend||Net Asset Value||Total Shares Outstanding|
|First Trust NASDAQ Technology Dividend Index Fund||TDIV||TDIV.IV||TDIV.EU||TDIV.TC||TDIV.DV||TDIV.NV||TDIV.SO|
|Multi-Asset Diversified Income Index Fund||MDIV||MDIV. IV||MDIV.EU||MDIV.TC||MDIV.DV||MDIV.NV||MDIV.SO|
Who will be the DLP for the ETFs?
SUSQ will be the DLP for the First Trust Exchange-Traded Fund VI ETFs.
How can I register as a market maker in the ETFs?
You may register as a market maker by contacting NASDAQ OMX Trading Operations at +1 212 231 5100. Market makers in the First Trust Exchange-Traded Fund VI ETFs can register beginning Tuesday, August 14, 2012.
All purchasers of newly issued ETFs must receive a prospectus or product description.
Where can I find additional information?
For questions regarding the new ETFs, please contact:
- NASDAQ OMX Global Indexes at +1 301 978 8284
- Will Slattery, Vice President, NASDAQ Listing Qualifications, at +1 301 978 8088
For questions regarding the trading of the ETFs on NASDAQ, please contact:
- Transaction Services U.S. Market Sales at +1 800 846 0477
For questions about quotation and trade data for the ETFs, please contact:
- NASDAQ OMX Global Data Products at +1 301 978 5307
For all other systems-related questions, please contact:
- NASDAQ OMX Trading Operations at +1 212 231 5100
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About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.