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Thursday, May 25, 2023

Financial Products News #2023 - 15
Nasdaq Announces Launch of New Indexes Effective Friday, May 26th, 2023

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 Friday, May 26th, 2023, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS).

What are the new Indexes?

The NASDAQ-100 Daily Currency Hedged MXN Index is designed to represent returns for the NASDAQ-100 Index (NDX) (the “Underlying Index”) and global investment strategies used on the Underlying Index that involve hedging currency risk, but not the underlying constituent risk. The hedge ratio of the Index is the proportion of the portfolio’s currency exposure that is hedged. The Index uses a hedge ratio of 100%. By selling foreign exchange forward contracts, global investors are able to lock in current exchange forward rates, and manage their currency risk. Profits (losses) from the forward contracts are offset by losses (profits) in the value of the currency, thereby negating exposure to the currency. The index is hedged against the Mexican Peso.

How are the Indexes disseminated?

On Friday, May 26th, 2023, 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
NDXMXNH Nasdaq-100 Daily Currency Hedged MXN Index MXN ODCL I
XNDXMXNH Nasdaq-100 Daily Currency Hedged MXN TR Index MXN ODCL I
NDXMXNRH Nasdaq-100 Daily Currency Hedged MXN NTR Index MXN ODCL I

Will the components and weightings data be made available?

No, Nasdaq will not be providing components or weights for these indexes.

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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