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Monday, April 29, 2019

Financial Products News #2019 - 13
Nasdaq to Begin Dissemination of New Third Party Index on GIDS, Effective Wednesday, May 1, 2019

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)

Contact Information:

What you need to know:

Effective Wednesday, May 1, 2019, Nasdaq, through its data dissemination relationship with Brave New Coin, will send real-time Ripple (XRP) index level information on the Nasdaq Global Index Data ServiceSM (GIDS)

What are the new indexes?

The XRP Liquid Index (XRPLX) is designed to provide a real-time spot or reference rate for the price of 1 XRP, quoted in USD, and based on the most liquid ends of their markets. The index is calculated using a methodology that has been independently audited against key IOSCO principles. The XRPLX is the latest addition to Brave New Coin’s suite of Liquid Indices Program, which also includes the Bitcoin Liquid Index (BLX) and the Etheruem Liquid Index (ELX). The XRPLX has been calculated back to August 14, 2014.

How are the indexes disseminated?

Effective May 1, 2019, 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
XRPLX
 XRP Ripple Liquid Index
 USD
 5 minutes I

In addition to the real-time tick messages, 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.

Where can I find additional information?

For questions about Nasdaq index products, please contact Nasdaq Global Indexes at +1 844 717 0708 (for US Callers) or +1 301 978 8311 (for International Callers).

For additional information about Brave New Coin, please call +44 7905 111778 or visit their website.

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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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