Thursday, August 19, 2010
Financial Products News #2010 - 35
Reminder: RussellTick is the Only Direct Source for Real-Time Russell Index Data Effective October 4, 2010
Markets Impacted:
- All Markets
Data Feeds Impacted:
- RussellTick
Contact Information:
- NASDAQ OMX Global Data Products at +1 301 978 5307 or +45 3393 3366
- Russell Client Services at +1 866 551 0617
What you need to know:
- Effective Monday, October 4, 2010, the only direct source for real-time Russell index data will be RussellTick.
- As of close of business on Friday, October 1, 2010, real-time Russell index data will no longer be available via the Options Price Reporting Authority (OPRA) or the Consolidated Tape (CTA).
- NASDAQ OMX® and Russell Investments encourage customers to make arrangements now to ensure you have no disruption to your index data delivery.
What is changing?
Effective Monday, October 4, 2010, the only direct source for real-time Russell index data will be RussellTickTM. As of close of business on Friday, October 1, 2010, real-time Russell index data will no longer be available via OPRA or CTA.
NASDAQ OMX and Russell Investments encourage customers to make arrangements now to ensure you have no disruption to your index data delivery.
What is RussellTick?
In order to more broadly distribute Russell’s comprehensive, rules-based index information, NASDAQ OMX launched the third-party index data feed service RussellTick on June 1, 2010.
Developed by NASDAQ OMX Information, LLC, RussellTick is a premier data feed that consolidates the distribution of the Russell Family of Indexes. RussellTick is designed to facilitate excellence in trading performance and portfolio valuation due to its frequent dissemination of index data. RussellTick supports the diverse array of real-time Russell-branded indexes, covering both U.S. and global equities.
Through the NASDAQ OMX Global Access Program, Russell selected NASDAQ OMX as its index data distributor based on NASDAQ OMX’s global reach and superior distribution technology.
How can I get access to RussellTick?
As of today, firms can receive RussellTick directly from NASDAQ OMX— via co-location, an extranet or direct connectivity provider — or choose from the list of approved distributors.
If you would like to be a distributor of RussellTick data, please contact NASDAQ OMX Global Data Products at +1 301 978 5307.
How can I order the RussellTick data service?
For new NASDAQ OMX customers that wish to subscribe to the RussellTick index data service, the following forms must be completed:
- NASDAQ OMX Global Data Agreement
- System Application
- New Data Feed Request Form (print copy) or via the Online Data Feed Request webpage
For existing NASDAQ OMX customers, the following must be completed:
- New Data Feed Request Form (print copy) or via the Online Data Feed Request webpage
Which indexes does RussellTick carry?
For a list of the covered indexes, please click here.
Is there a fee to access RussellTick?
Effective October 4, 2010, there is a fee for the RussellTick service. For more information, please contact your NASDAQ OMX Global Data Products Account Manager.
If my firm already subscribes to GIDS, do I need RussellTick?
Yes. To access the real-time Russell U.S. Indexes (including the Russell 1000, Russell 2000 and Russell 3000) and Russell Global Indexes in one consolidated feed, a separate subscription to RussellTick will be required.
GIDS subscribers will only receive the Russell Global index data for no additional subscription fee.
Where can I find additional information?
- For questions about NASDAQ OMX Information, LLC data products, please contact NASDAQ OMX Global Data Products at +1 301 978 5307 or +45 3393 3366.
- For information about the Russell Index family, please visit the Russell Indexes webpage or contact Russell Client Service at +1 866 551 0617.
- For information about RussellTick, please visit the RussellTick product page on the NASDAQ OMX Trader® website and refer to the Frequently Asked Questions document.
- For technical information, please visit the RussellTick product specifications on the NASDAQ OMX Trader website.
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