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Monday, September 14, 2015

Equity Trader Alert #2015 - 144
Nasdaq Completes Proprietary Platform Development to Support NextShares ETMFs

Category:

  • Listing

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Nasdaq has completed systems development to support the listing and trading of Exchange Traded Managed Funds (ETMFs), now branded as NextShares, a new type of actively managed fund approved by the SEC. Order-entry and data protocols will be available to test in the Nasdaq Test Facility.

The initial product listing and introduction is subject to FINRA, DTCC, and Broker/Dealer readiness. The listing and trading date for ETMFs will be announced soon.

For additional information, please refer to the ETMF Trader Page.

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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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