Thursday, August 11, 2022

Financial Products News #2022 - 29
Nasdaq Announces Launch of One New Index Effective Thursday, August 11th, 2022

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)
  • Nasdaq Global Index Watch (GIW)
  • Nasdaq Global Index FlexFile Delivery (GIFFD)

Contact Information:

What you need to know:

Effective Thursday, August 11, 2022, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS).

What is the new index?

The Nasdaq Generations 5 Index (the “Index”) is designed to deliver exposure to the Nasdaq-100 Total Return Index (ticker: XNDX), the Nasdaq Next Generation 100 Total Return Index (ticker: NGXT), and 10-year (10Y) and 2-year (2Y) US Treasury futures while targeting a constant 5% level of volatility. The Index uses the truVol® Risk Control Engine (RCE) to dynamically allocate between XNDX, NGXT, 10Y, 2Y and non-remunerating cash in aiming to achieve the volatility target. Developed by Salt Financial, the RCE is designed to offer higher levels of responsiveness and accuracy in targeting volatility for risk-controlled indices. The mechanism generally allocates more to the equity components (i.e., XNDX and NGXT) when volatility falls and more to cash when it rises.

How is the Index disseminated?

On Thursday, August 11, 2022, data recipients will receive real-time index information from the proprietary GIDS data feed with the following attributes:

Instrument ID Instrument Name Currency Frequency FP Type Brand Session ID
NDXGEN5 Nasdaq Generations 5 USD ODCL I NQ IND

In addition to the real-time tick messages, Nasdaq will support the following directory messages on GIDS:

  • 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 day's activity for an equity index.
  • Index Directory (Message Type R): Disseminated at the start of each day to relay basic index information.

Will the components and weightings data be made available?

Yes. For access and more information on the Index on the Nasdaq Global Index Watch (GIW) and Nasdaq Global Index FlexFile Delivery (GIFFD), please contact Nasdaq Index Data Sales.

Where can I find additional information?

For questions about Nasdaq index products, please contact Index Services or visit GIW.

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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: