Thursday, July 5, 2012

Financial Products News #2012 - 49
NASDAQ OMX to Begin Dissemination of 10 New CRSP Indexes on GIDS Effective July 16, 2012

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • NASDAQ OMX Global Index Data Service (GIDS)

Contact Information:

What you need to know:

  • NASDAQ OMX®— through its data dissemination relationship with Interactive Data Pricing & Reference Data, Inc. — has been chosen by Chicago's Center for Research in Security Prices (CRSP) as their index dissemination provider.
  • On Monday, July 16, 2012, the following indexes will be disseminated via Global Index Data ServiceSM (GIDSSM):
  • CRSP US Consumer Goods Index (Symbol: CRSPCG1)
  • CRSP US Consumer Services Index (Symbol: CRSPCS1)
  • CRSP US Oil and Gas Index (Symbol: CRSPEN1)
  • CRSP US Financials Index (Symbol: CRSPFN1)
  • CRSP US Health Care Index (Symbol: CRSPHC1)
  • CRSP US Industrials Index (Symbol: CRSPID1)
  • CRSP US Technology Index (Symbol: CRSPIT1)
  • CRSP US Materials Index (Symbol: CRSPMT1)
  • CRSP US Telecom Index (Symbol: CRSPTE1)
  • CRSP US Utilities Index (Symbol: CRSPUT1)

What are the new CRSP indexes?

The new CRSP indexes blend advancements in academic research with current commercial practice in a fundamentally sound manner under the premise that an index must reflect the way that money managers actually invest. CRSP’s new series of transparent and investable real-time indexes provide the necessary foundation for the development of related research products, central to CRSP’s scholarly heritage. They are relevant to practitioners, academicians and commercial entities.

CRSP initially offered the CRSP US Total Market Index in January 2011, which includes securities traded on NYSE, NYSE Amex, NASDAQ or NYSE Arca. That release was followed by six additional cap-based indexes released in July 2011. CRSP is continuing to build its real-time index offering with the addition of 10 new US industry sector indexes. These new indexes have also been developed with objective and transparent rules-based methodology. CRSP’s family of real-time indexes will expand in Q4 2012 to include value/growth style-based indexes .

How will the CRSP indexes be disseminated?

Effective Monday, July 16, 2012, data recipients will receive real-time index information from the proprietary GIDS data feed.

NASDAQ OMX will identify these indexes via the following data elements in GIDS:

Index Identifier Index Name Currency Dissemination Frequency Originator ID
CRSPCG1 CRSP US Consumer Goods Index USD 1 Second Intervals "Q"
CRSPCS1 CRSP US Consumer Services Index USD 1 Second Intervals "Q"
CRSPEN1 CRSP US Oil and Gas Index USD 1 Second Intervals "Q"
CRSPFN1 CRSP US Financials Index USD I Second Intervals "Q"
CRSPHC1 CRSP US Health Care Index USD 1 Second Intervals "Q"
CRSPID1 CRSP US Industrials Index USD 1 Second Intervals "Q"
CRSPIT1 CRSP US Technology Index USD 1 Second Intervals "Q"
CRSPMT1 CRSP US Materials Index USD 1 Second Intervals "Q"
CRSPTE1 CRSP US Telecom Index USD 1 Second Intervals "Q"
CRSPUT1 CRSP US Utilities Index USD 1 Second Intervals "Q"

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

  • Index End of Day Summary (Category A - Type B): Disseminated at the end of the U.S. or 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.

Does this impact my GIDS pricing?

As a premier service, GIDS pricing includes all NASDAQ OMX valuation data in a single outbound data stream. Inclusion of the CRSP indexes will not impact the GIDS pricing, thus bringing increased value to the NASDAQ OMX proprietary index data service.

Where can I find additional information?

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