Friday, February 5, 2010

Data News #2010 - 5
NASDAQ OMX to Retire NASDAQ Index Dissemination Service (NIDS) on September 30, 2010

What is NASDAQ Index Dissemination Service (NIDS)?

NASDAQ Index Dissemination Service^SM (NIDS^SM) is a direct data feed product offered by NASDAQ OMX Information LLC. Introduced in 2003, the NIDS data feed carries intra-day valuation for the 74 indexes and 41 exchange-traded funds licensed through The NASDAQ Stock Market^®. Because it was created prior to the mergers, the NIDS product does not carry any index data for the NASDAQ OMX PHLX^SM (PHLX^®) or NASDAQ OMX Nordic markets.

What is the NASDAQ OMX Global Index Data Service (GIDS)?

Introduced in 2008, the NASDAQ OMX Global Index Data Service^SM (GIDS^SM) is a direct data feed offering that provides firms access to all NASDAQ OMX global index and derivative product valuation data in a single outbound data stream. This premier service consolidates NASDAQ OMX indexes and ETF valuation data, as well as third party partner data offering real-time updates, daily summary messages and access to some of the most widely followed indexes and ETFs in the world.

As of February 1, 2010, the GIDS data feed supported more than 870 indexes from the NASDAQ OMX markets as well as data for third-party index providers.

How does GIDS differ from NIDS?

The GIDS product offers greater market coverage and market transparency than the NIDS data feed. In addition to data for PHLX, NASDAQ OMX Nordic Exchange and NASDAQ OMX Baltic Exchange, GIDS also carries one-second updates for many of the NASDAQ indexes. At the data format level, GIDS supports a standalone settlement value and end-of-day summary messages for NASDAQ OMX index products.

As outlined in the data feed interface specification, the GIDS data stream includes the following data elements:

• For Indexes:
• Intraday net asset values
• Settlement values
• Currency Spot values for select instruments
• Daily security components data
• End-of-Day Summary data
• For ETFs:
• Intraday portfolio values (IPVs)
• Daily valuation information – such as the Net Asset Value per Share, the Estimated Cash per Share (also known as Net Accrued Dividend per Share), the Estimated Cash per Creation Unit, the Total Cash per Creation Unit and the Total Shares Outstanding of the fund
• ETF Directory message designed to provide the symbols of the ETF valuations

When is NASDAQ OMX retiring the NIDS data formats?

NASDAQ OMX^® continues to leverage its global synergies in order to streamline delivery strategies. As part of an ongoing effort to centralize the US distribution of index and derivative product valuation data, effective close of business on Thursday, September 30, 2010, NASDAQ OMX will retire the legacy NIDS data formats.

How can I order the GIDS data service?

To initiate this data on a data feed, firms must submit the appropriate documentation and receive prior approval from Nasdaq:

• Data Feed Request Form - Required for all firms
• Nasdaq Global Data Agreement - Required for all firms prior to initiation of the first Nasdaq data service only
• System Application - Required for firms only if the data will be displayed or used in a system that is not yet approved by Nasdaq

For the complete list of Nasdaq and UTP market data agreements and forms, please refer to the Nasdaq Global Data Products Agreements and Forms page.

Please note: Firms that currently subscribe to GIDS need not complete additional paperwork.

Where can I find additional information?

• Refer to the NASDAQ OMX Global Index Services page on the NASDAQ OMX Trader^® website
• Contact NASDAQ OMX Global Data Products at +1 301 978 5307.