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Tuesday, July 12, 2016

Equity Trader Alert #2016 - 159
Nasdaq to Begin Listing Invesco PowerShares Exchange Traded Fund on Thursday, July 14, 2016

Category:

  • Listing

Markets Impacted:

Contact Information:

Resources:

Effective Thursday, July 14, 2016, Nasdaq will list the following ETF:

  • PowerShares DWA Momentum & Low Volatility Rotation Portfolio (Symbol: DWLV)

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-ITCH using the trading symbols listed below.

Dissemination of the daily valuation information for the ETFs will begin Thursday, July 14, 2016. 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 ETF PowerShares DWA Momentum & Low Volatility Rotation Portfolio
Nasdaq-listed Trading Symbol DWLV
Intraday Indicative Value DWLV.IV
Estimated Cash Amount Per Creation Unit DWLV.EU
Total Cash Amount Per Creation Unit DWLV.TC
Net Accrued Dividend DWLV.DV
Net Asset Value DWLV.NV
Total Shares Outstanding DWLV.SO

ETF Lead Market Maker

RBC (MPID: RBDC) will be the lead market-maker (LMM) for the PowerShares DWA Momentum & Low Volatility Rotation Portfolio.

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 Thursday, July 14, 2016.

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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