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Friday, March 19, 2010

Financial Products News #2010 - 12
NASDAQ OMX to Introduce Index Settlement Value for NASDAQ Internet Index

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • NASDAQ OMX Global Index Data Service (GIDS)

Contact Information:

What you need to know:

  • On Tuesday, March 23, 2010, NASDAQ OMXSM will begin disseminating a settlement value for the NASDAQ Internet IndexSM.
  • The settlement value will be disseminated via Global Index Data ServiceSM (GIDSSM) under the following symbol:
    • NASDAQ Internet Index (settlement symbol: QTW)

What is changing?

In support of an index option listing, NASDAQ OMX will begin calculating and disseminating an Index Settlement Value for the NASDAQ Internet Index (symbol: QNET) on Tuesday, March 23, 2010.

The Index Settlement Value is used by the derivative markets to settle cash derivatives when they expire.

How will the settlement value be disseminated?

To assist direct data recipients in determining the settlement ID and the index it is tied to, all settlement IDs will begin with “Stlmt ID” followed by the associated instrument they relate to within the Instrument Name field via the NASDAQ OMX Directory Message (Category A – Type B).

The settlement value will be disseminated via GIDS under the following symbol:

  • QTW– Stlmt ID NASDAQ Internet Index

In order to facilitate the ease of identifying settlement values, GIDS will provide the values in a separate intraday Settlement Value message (Category P – Type B). The message will provide the data recipient with the information details as to the timing of the derivative settlement (settles at the open, close, mid-day, etc).

Where can I find additional information?

  • For questions about NASDAQ OMX Information, LLC data products, please contact NASDAQ OMX Global Data Products at +1 301 978 5307 or +45 3393 3366.
  • For questions about NASDAQ OMX Index Products, please contact NASDAQ OMX Global Index Group at +1 301 978 8284 or +46 8 405 6296.
  • For additional information on Settlement Values, please visit the NASDAQ OMX Trader® website.

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