Tuesday, May 07, 2019

Equity Trader Alert #2019 - 41
Nasdaq to Begin Listing New SoFi ETF on Wednesday, May 8, 2019


  • Listing

Markets Impacted:

Contact Information:


Effective Wednesday, May 8, 2019, Nasdaq will list the following ETF:

  • SoFi Gig Economy ETF (Ticker: GIGE)

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.

Dissemination of the daily valuation information for the ETF will begin Wednesday, May 8, 2019. These daily valuations will be widely disseminated and broadly displayed through major index service providers.

Issue Name for ETF SoFi Gig Economy ETF
Nasdaq-Listed Trading Symbol GIGE
Intraday Indicative Value GIGE.IV
Estimated Cash Amount Per Creation Unit GIGE.EU
Total Cash Amount Per Creation Unit GIGE.TC
Net Accrued Dividend GIGE.DV
Net Asset Value GIGE.NV
Total Shares Outstanding GIGE.SO

ETF Lead Market Maker

Virtu (MPID: VALX) will be the Designated Liquidity Provider (DLP) for:

  • SoFi Gig Economy ETF (Ticker: GIGE)

Market Makers

You may register as a market maker by contacting the Nasdaq Trading Services at +1 212 231 5180.

Market makers in the ETF can register beginning Wednesday, May 8, 2019.

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.