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Friday, September 23, 2016

Financial Products News #2016 - 47
Nasdaq Announces Launch of Three New Indexes Effective Monday, September 26, 2016

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)

Contact Information:

  • Nasdaq Global Indexes at the Toll Free Number +1 844 717 0708 (for US Callers) or +1 301 978 8311 (for International Callers)

What you need to know:

Effective Monday, September 26, 2016, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS).

What are the new indexes?

The WTI Crude Oil FLOWS™ Indices adopt the covered call strategy described above by employing a rules-based algorithmic approach that seeks to replicate operating a monthly “covered call” income strategy on an ETF on WTI crude oil, maintaining a long position in shares of the United States Oil Fund LP (USO) (the “Shares”) while selling hypothetical call options each month on that position (the “Options”). The hypothetical sale of options (“New Options”) and repurchase of existing options (“Expiring Options”) will occur each month, generally over a five day period (the “Roll Period”), in order to “roll” the options and maintain a continuing short Option position on the Shares.

The hypothetical premiums generated from notional sales of the Options are subtracted monthly from the Price Return Index (with a month’s lag); such hypothetical premiums are included and “reinvested” each month in the Total Return Index (with a month’s lag). The hypothetical repurchase of existing Options will be funded through hypothetical sales of Shares (assuming the repurchased Options are priced higher than zero).

How are the indexes disseminated?

On Monday, September 26, 2016, 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
QUSOI
 Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Price Index
 USD
 1S I PI AME
QUSOITR
 Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Total Return Index
 USD
 1S I PI AME
QUSOID
 Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Distribution Index
 USD
 1S I PI AME

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 Nasdaq Global Indexes at the Toll Free Number +1 844 717 0708 (for US Callers) or +1 301 978 8311 (for International Callers) 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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