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Friday, April 19, 2024

Financial Products News #2024 - 11
Nasdaq Announces Launch of New Indexes Effective Monday, April 22nd, 2024

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 Monday, April 22nd, 2024, Nasdaq will begin disseminating the following new indexes on Nasdaq Global Index Watch (GIW) and the Nasdaq Global Index Data ServiceSM (GIDS).

What are the new indexes?

The Nasdaq-100 Daily Covered Call Target Premium 15% Index (NDXDCP15) tracks the performance of a systematic at-the-money covered call strategy. The strategy aims to generate a specific target annual income via short positions of at-the-money Nasdaq-100® Index call options sized based on the coverage ratio. These options typically have one day to expiration.

The Nasdaq-100® Daily Covered Call Target Premium 15% - Call Only Index (NDXDP15C) measures the performance of only the short call portion of the Nasdaq-100® Daily Covered Call Target Premium 15% Index (NDXDCP15). The Call Only Index includes a cash account but does not include a long underlying Nasdaq-100® Total Return Index position.

How are the Indexes disseminated?

On Monday, April 22nd, 2024, 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
NDXDCP15 Nasdaq-100 Daily Covered Call Target Premium 15% Index USD ODCL I
NDXDP15C Nasdaq-100® Daily Covered Call Target Premium 15% - Call Only Index USD ODCL I

Will the components and weightings data be made available?

No. 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: business.nasdaq.com.

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