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Monday, December 28, 2015

Equity Trader Alert #2015 - 200
Nasdaq to Begin Listing Four Legg Mason Exchange Traded Funds on Tuesday, December 29, 2015

Category:

  • Listing

Markets Impacted:

Contact Information:

Resources:

Effective Tuesday, December 29, 2015, Nasdaq will list four new ETFs:

  • Legg Mason Developed EX-US Diversified Core ETF
  • Legg Mason Emerging Market Diversified Core ETF
  • Legg Mason US Diversified Core ETF
  • Legg Mason Low Volatility High Dividend ETF

ETFs 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 ETFs will begin December 29, 2015. These daily valuations will be widely disseminated and broadly displayed through major index service providers. The following data elements and identifiers will be assigned:

Issue Name for ETFNasdaq-listed Trading SymbolIntraday Portfolio ValueEstimated Cash Amount Per Creation UnitTotal Cash Amount Per Creation UnitNet Accrued DividendNet Asset ValueTotal Shares Outstanding
Legg Mason Developed EX-US Diversified Core ETFDDBIDDBI.IVDDBI.EUDDBI.TCDDBI.DVDDBI.NVDDBI.SO
Legg Mason Emerging Markets Diversified Core ETFEDBIEDBI.IVEDBI.EUEDBI.TCEDBI.DVEDBI.NVEDBI.SO
Legg Mason US Diversified Core ETFUDBIUDBI.IVUDBI.EUUDBI.TCUDBI.DVUDBI.NVUDBI.SO
Legg Mason Low Volatility High Dividend ETFLVHDLVHD.IVLVHD.EULVHD.TCLVHD.DVLVHD.NVLVHD.SO

ETFs Lead Market Maker

Jane Street (MPID: JSCA) will be the LMM for the Legg Mason Developed EX-US Diversified Core ETF (DDBI) & Legg Mason Emerging Markets Diversified Core ETF (EDBI).

Cantor (MPID: CANT) will be the LMM for the Legg Mason US Diversified Core ETF (UDBI) & Legg Mason Low Volatility High Dividend ETF (LVHD).

Market Makers

You may register as a market maker by contacting Nasdaq Trade Desk at +1 212 231 5100. Market makers in the ETFs can register beginning December 29, 2015.

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

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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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