Monday, September 8, 2014

Equity Trader Alert #2014 - 75
NASDAQ to Begin Listing PowerShares Fund on Wednesday, September 10, 2014

Category:

  • Listing

Markets Impacted:

Contact Information:

Resources:

Effective Wednesday, September 10, 2014, NASDAQ will list one new ETF:

  • PowerShares LadderRite 0-5 Year Corporate Bond Portfolio (Symbol: LDRI)

The new ETF will be designated as a NASDAQ Global MarketSM security.

ETF Data Dissemination

Quotation and trade data for NASDAQ-listed ETFs are disseminated via UTP Level 1, NASDAQ Basic, NASDAQ Level 2 and NASDAQ TotalView® using the trading symbols listed below.

Disseminating of the daily valuation information for the Fund will begin on September 10, 2014. These daily valuations will be widely disseminated and broadly displayed through major index service providers such as NASDAQ OMX's proprietary index data services or other major market proprietary index services. The following data elements and identifiers will be assigned:

Issue Name for ETF

PowerShares LadderRite 0-5 Year Corporate Bond Portfolio

NASDAQ-listed Trading Symbol LDRI
Intraday Portfolio Value LDRI.IV
Estimated Cash Amount Per Creation Unit LDRI.EU
Total Cash Amount Per Creation Unit LDRI.TC
Net Accrued Dividend LDRI.DV
Net Asset Value LDRI.NV
Total Shares Outstanding LDRI.SO

ETFs Designated Liquidity Provider

KCG Holdings (MPID: NITP) will be the DLP for the ETF.

Market Makers

You may register as a market maker by contacting NASDAQ OMX Trading Operations at +1 212 231 5100. Market makers in the ETF can register beginning Wednesday, September 10, 2014.

All purchasers of newly issued ETFs must receive a prospectus or product description.

 
 
 
 
 
 
 
 


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