Friday, December 5, 2008

Data News #2008 - 96
NASDAQ OMX Information LLC Announces Launch of NASDAQ OMX Global Index Watch

Please Route to:

• NASDAQ OMX Market Data Distributors
• NASDAQ Index Watch Subscribers

What you need to know:

• NASDAQ OMX Global Index Watch, is the next generation of the legacy NASDAQ Index Watch service, providing full global access to NASDAQ OMX index offerings. It is a valuable tool for investment professionals who track indexes or trade products based on those indexes.
• NASDAQ OMX is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing four distinct index brands — NASDAQ, OMX, NASDAQ OMX and NASDAQ OMX PHLX — we have nearly 2,000 diverse indexes including equities, bonds and commodities listed globally.
• NASDAQ OMX Information, LLC has launched Global Index Watch to provide essential historical index data for full global access to NASDAQ OMX indexes via an easy-to-use web interface.
  • Tracks daily changes to the composition and weighting of NASDAQ OMX indexes
  • Reports advanced notice of corporate actions
  • Maintains a historical record of the values, composition, weighting and divisors
• Global Index Watch is offered at two service level: Basic and Premier
• Beginning January 2009, the legacy NASDAQ Index Watch service will no longer carry the advance notifications. In order to continue to receive this service, clients are encouraged to upgrade to Global Index Watch Premier service level.

Who you should contact:

• NASDAQ OMX Global Data Products at +1 301 978 5307 or +45 33 93 33 66.

What is the NASDAQ OMX Global Index Watch?

NASDAQ OMX Global Index Watch (GIW) is a new service providing full access to more than 2,000 NASDAQ OMX index offerings globally. It is a valuable tool for investment professionals who track NASDAQ OMX indexes or trade products based on those indexes.

GIW is the next generation of the NASDAQ Index Watch service. NASDAQ OMX continues to leverage its global synergies through consolidation of its distinct market brands and brings these synergies to our clients. GIW provides clients with a consolidated solution to receive valuable index information and access to NASDAQ OMX global index offerings via an easy-to-use web interface. GIW provides important index data for NASDAQ OMX indexes via an easy-to-use web interface including:

• Data from NASDAQ, PHLX, Nordic and Baltic indexes
• Tracks daily changes to the composition and weightings
• Reports advanced notice of Corporate Actions for selected indexes
• Historical data including:
  • Index values
  • Composition
  • Weighting
  • Divisors

Will firms that subscribe to the current NASDAQ Index Watch and NASDAQ Weighting & Components web services be affected?

Yes. Effective January 2, 2009, in order to facilitate a smooth transition, the current Index Watch service will continue until retired. However, advance notifications of corporate actions and component changes will no longer be updated on current Index Watch. NASDAQ OMX will not enhance the current Index Watch service and we encourage subscribers to upgrade to the new Global Index Watch Premier service level.

Additionally, NASDAQ OMX plans to retire the current NASDAQ Index Weightings and Components service in the first quarter of 2009.

What is the Global Index Watch fee structure?

NASDAQ OMX offers two levels of service to accommodate customer needs. The Basic service provides access to Global Index Watch via a web interface and includes current year historical information, index holdings, daily summary statistics, industry breakdown and index methodologies. The Premier service is accessible via a web interface or FTP, and includes all of the Basic information, plus advanced notice of corporate actions and complete historical information.

NASDAQ OMX Information, LLC will offer the following entitlement for this new service:

How will the Global Index Watch fee be administered?

Distributor Fee assessments are applied based upon the organization's use of the data. The Internal Distributor Fees will be charged when a distributor utilizes the data solely within its own organization. Payment of the Internal Distributor Fee allows a distributor to provide the data to internal subscribers only.

The External Distributor Fee will be charged when data is distributed to external end users/ subscribers or the data is distributed outside the organization. Distributors using the data both internally and externally shall be liable only for the External Distributor Fee. An organization will only be liable for either the Internal or External Distributor Fee, but not both.

Payment of the External Distributor Fee allows a distributor to provide the data to internal subscribers as well as to all of its external controlled/stand alone terminal subscribers. This includes end-user subscribers but does not include uncontrolled distribution of the data, such as distribution to retransmission data feed subscribers.

What forms must I complete to be granted access to the Index Watch offering?

To order a stand alone terminal/controlled display product containing GIW Service, end users or end user firms need to contact their market data vendor.

To order a data feed product containing GIW Service, firms must submit the appropriate documentation below and receive prior approval from NASDAQ OMX:

• Data Feed Request Form– Required for all firms
• System Application– Required for all firms
• NASDAQ OMX Global Data Agreement– Required for all firms that have not yet signed a market data agreement for NASDAQ OMX proprietary data (NASDAQ, PHLX, OMX, etc.)

For the complete list of NASDAQ OMX and UTP market data agreements and forms, please refer to the NASDAQ OMX Global Data Products Agreements and Forms page.

Where can I get additional information?

• To learn more about the NASDAQ OMX Global Index Watch, refer to the NASDAQ OMX Global Index Watch web page.
• Contact NASDAQ OMX Global Data Products at +1 301 978 5307 or +45 33 93 33 66.