Monday, July 15, 2019

Equity Trader Alert #2019 - 55
Nasdaq to Begin Listing New Wahed ETF on Tuesday, July 16, 2019

Category:

  • Listing

Markets Impacted:

Contact Information:

Resources:

Effective Tuesday, July 16, 2019, Nasdaq will list the following ETF:

  • Wahed FTSE USA Shariah ETF (Ticker: HLAL)

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 Tuesday, July 16, 2019. These daily valuations will be widely disseminated and broadly displayed through major index service providers.

Issue Name for ETF Wahed FTSE USA Shariah ETF
Nasdaq-Listed Trading Symbol HLAL
Intraday Indicative Value HLAL.IV
Estimated Cash Amount Per Creation Unit HLAL.EU
Total Cash Amount Per Creation Unit HLAL.TC
Net Accrued Dividend HLAL.DV
Net Asset Value HLAL.NV
Total Shares Outstanding HLAL.SO

ETF Lead Market Maker

Latour (MPID: XGWD) will be the Designated Liquidity Provider (DLP) for:

  • Wahed FTSE USA Shariah ETF (Ticker: HLAL)

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 Tuesday, July 16, 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.