Tuesday, July 15, 2025

Financial Products News #2025 - 37
Nasdaq Announces Launch of Twelve New Indexes Effective Wednesday, July 16th, 2025

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)
  • Nasdaq Global Index Watch (GIW)
  • Nasdaq Global Index FlexFile Delivery (GIFFD)

Contact Information:

What you need to know:

Effective Wednesday, July 16th, 2025, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS).


What are the new indexes?

The Nasdaq Compoundr High-Yield Corporate Bond Index is designed to offer exposure that is commensurate with the total return of high-yield corporate bonds without reinvesting dividend income. The Index will contain one or more high-yield corporate bond exchange-traded funds (the “core securities”) the majority of the time. The Index will temporarily rotate into similar exchange-traded funds (the “substitute securities”) prior to each core security’s ex-dividend date in order to avoid receiving a dividend distribution.

The Nasdaq Compoundr U.S. Aggregate Bond Index is designed to offer exposure that is commensurate with the total return of U.S. aggregate bonds without reinvesting dividend income. The Index will contain one or more U.S. aggregate bond exchange-traded funds (the “core securities”) the majority of the time. The Index will temporarily rotate into similar exchange-traded funds (the “substitute securities”) prior to each core security’s ex-dividend date in order to avoid receiving a dividend distribution.

The Nasdaq Compoundr U.S. Treasury 10-Year Note Index is designed to offer exposure that is commensurate with the total return of 10-Year Treasury Notes without reinvesting dividend income. The Index will contain one or more U.S. Treasury 10-Year Note exchange-traded funds (the “core securities”) the majority of the time. The Index will temporarily rotate into similar exchange-traded funds (the “substitute securities”) prior to each core security’s ex-dividend date in order to avoid receiving a dividend distribution.

How are the Indexes disseminated?

On Wednesday, July 16th, 2025, 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 Brand Session ID
NCPHY Nasdaq Compound High-Yield Corporate Bond Index USD 1s I NQ AME
NCPHYT Nasdaq Compound High-Yield Corporate Bond Total Return Index USD 1s I NQ AME
NCPHYN Nasdaq Compound High-Yield Corporate Bond Net Total Return Index USD 1s I NQ AME
NCPHY25D Nasdaq Compound High-Yield Corporate Bond .25% Decrement Index USD 1s I NQ AME
NCPAG Nasdaq Compound U.S. Aggregate Bond Index USD 1s I NQ AME
NCPAGT Nasdaq Compound U.S. Aggregate Bond Total Return Index USD 1s I NQ AME
NCPAGN Nasdaq Compound U.S. Aggregate Bond Net Total Return Index USD 1s I NQ AME
NCPAG25D Nasdaq Compound U.S. Aggregate Bond .25% Decrement Index USD 1s I NQ AME
NCPX Nasdaq Compound U.S. Treasury 10-Year Note Index USD 1s I NQ AME
NCPXT Nasdaq Compound U.S. Treasury 10-Year Note Total Return Index USD 1s I NQ AME
NCPXN Nasdaq Compound U.S. Treasury 10-Year Note Net Total Return Index USD 1s I NQ AME
NCPX25D Nasdaq Compound U.S. Treasury 10-Year Note .25% Decrement Index USD 1s I NQ AME

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.

Will the components and weightings data be made available?

Yes. For access and more information on the Index on the Nasdaq Global Index Watch (GIW) and Nasdaq Global Index FlexFile Delivery (GIFFD), please contact Nasdaq Index Data Sales.

Where can I find additional information?

For questions about Nasdaq index products, please contact Index Services or visit GIW.


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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.