Monday, March 20, 2017

Equity Trader Alert #2017 - 59
Nasdaq to Begin Listing StrategyShares’ ETF on Wednesday, March 22, 2017

Category:

  • Listing

Markets Impacted:

Contact Information:

Resources:

Effective Wednesday, March 22, 2017, Nasdaq will list the following ETF:

  • Active Alts Contrarian ETF (Symbol: SQZZ)

ETF Data Dissemination

Quotation and trade data for Nasdaq-listed ETFs are disseminated via UTP Level 1, Nasdaq Basic, Nasdaq Level 2, and Nasdaq TotalView-ITCH.

Dissemination of the daily valuation information for the ETF will begin Wednesday, March 22, 2017. These daily valuations will be widely disseminated and broadly displayed through major index service providers. The following data elements and identifiers will be assigned:


Issue Name for ETF Active Alts Contrarian ETF
Nasdaq-listed Trading Symbol SQZZ
Intraday Indicative Value SQZZ.IV
Estimated Cash Amount Per Creation Unit SQZZ.EU
Total Cash Amount Per Creation Unit SQZZ.TC
Net Accrued Dividend SQZZ.DV
Net Asset Value SQZZ.NV
Total Shares Outstanding SQZZ.SO

ETF Lead Market Maker

KCG (MPID: NITP) will be the designated liquidity provider (DLP) for the Active Alts Contrarian ETF.

Market Makers

You may register as a market maker by contacting Nasdaq Trade Desk at +1 212 231 5100. Market makers in the ETF can register beginning Wednesday, March 22, 2017.

All purchasers of newly issued ETFs must receive a prospectus or product description.


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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 $12 trillion. To learn more, visit: business.nasdaq.com.