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Friday, January 29, 2021

Financial Products News #2021 - 4
UPDATE: Nasdaq Announces Launch of New Indexes Effective Tuesday, February 2, 2021

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 Tuesday, February 2, 2021, Nasdaq will begin disseminating the following new index on the Nasdaq Global Index Data ServiceSM (GIDS).

Update 1/29/2021: Updates to Index ticker and name in the index description and sentences below.

What is the new Index?

The Nasdaq Crypto Index Settlement Price (NCIS) is a daily closing value of the Nasdaq Crypto Index (NCI), which is designed to measure the performance of a significant portion of the digital asset market and to provide a benchmark for institutional investment in this new and emerging asset class. The Index is specifically designed to be dynamic in nature, broadly representative of the market, and readily trackable by investors.

Index Overview

  • Tracks the performance of a diverse basket of USD-traded digital assets
  • Applies rigorous liquidity, exchange and custody standards to asset eligibility
  • Rebalanced and reconstituted on a quarterly basis
  • Free float market cap-weighted

More information about the Index can be found at Nasdaq.com/crypto-index:

How will the Index be disseminated?

On Tuesday, February 2, 2021, data recipients will receive daily index information from the proprietary GIDS data feed with the following attributes:

Instrument ID Instrument Name Currency Frequency FP Type
NCIS Nasdaq Crypto Index Settlement Price USD ODCL I

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.
  • Issue Symbol Participation Message (Message Type P): Index constituents disseminated daily at the same time as the Index Directory message.

Where will the real-time index values be published?

The real-time Nasdaq Crypto Index (NCI) is calculated and disseminated by CF Benchmarks. The NCI is published in real-time at www.cfbenchmarks.com and is also available via API to licensees and subscribers. For further information please contact info@cfbenchmarks.com referencing NCI.

Will the components and weightings data be made available?

Yes. Nasdaq Global Index Data Service (GIDS) will disseminate a list of index constituents, including symbol and name, without weights. For access to Index weights and more Index information through Nasdaq Global Index Watch (GIW) and Nasdaq Global Index FlexFile Delivery (GIFFD), please contact Index Services.

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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