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Wednesday, August 22, 2012

Financial Products News #2012 - 58
NASDAQ OMX to Launch New Index Effective Friday, August 31, 2012

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Global Data Index Service (GIDS)

Contact Information:

What you need to know:

  • Effective Friday, August 31, 2012, NASDAQ OMX will begin disseminating the new Copeland International Risk Managed Dividend Growth Total Return Index (Symbol: IDVG) on the proprietary Global Index Data Service (GIDS).

What is the new Index?

The Copeland International Risk Managed Dividend Growth Index invests in dividend growth stocks outside of the United States but only in the sectors rated positively by the Newfound quantitative model.

How will the Index be disseminated in GIDS?

NASDAQ OMX will identify this index via the following data elements in GIDS:

Index Identifier Index Name Currency Dissemination Frequency Session ID Originator ID
IDVG Copeland International Risk Managed Dividend Growth TR Index USD 1-second intervals "A" "Q"
  • Index End of Day Summary (Category A - Type B): Disseminated at the end of the U.S. and European trading session to relay closing index summary data.
  • Index Directory (Category A - Type C): Disseminated at the start of each day to relay basic index information.

How will the Index be disseminated in GIDS 2.0?

NASDAQ OMX will identify this index via the following data elements in GIDS 2.0:

Instrument ID Instrument Name Currency Frequency FP Type Brand
IDVG Copeland International Risk Managed Dividend Growth TR Index USD "1S" "I" "CI"
  • Equities Summary (Message Type F): Disseminated at the end of the U.S. and European trading session to relay the summary of the current trading day2019s activity for an equity index.
  • Index Directory (Message Type R): Disseminated at the start of each day to relay basic index information.

Please note: NASDAQ OMX will not support an official Index Settlement Value at this time.

Where can I find additional information?


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