Markets Impacted:Data Feeds Impacted:
Contact Information: | What you need to know:With a target date estimate of Wednesday, December 18th, 2024, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS). Update 12/17/24: The index name for NQXRP will be “Nasdaq XRP Reference Price Index” and the index name for NQXRPS will be “Nasdaq XRP Settlement Price Index”. |
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What are the new indexes?
The Nasdaq XRP Reference Price Index (NQXRP), Nasdaq Cardano Reference Price Index (NQADA) and Nasdaq Avalanche Reference Price Index (NQAVAX) are three separate single asset indices designed to provide a reference price for associated products. The indices are priced according to the process outlined in the methodology document for the Nasdaq CryptoTM Index (NCI),which involves a multi-source exchange weighted mechanism for determining price. Please find more information on the NCI including the NCI methodology here: https://indexes.nasdaqomx.com/Index/Overview/NCI.The NCI methodology is directly available here: https://https://indexes.nasdaqomx.com/docs/methodology_NCI.pdf
How are the Indexes disseminated?
On Wednesday, December 18th, 2024, 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 | NQXRP | Nasdaq XRP Reference Price Index | USD | 15S | I | NQXRPS | Nasdaq XRP Settlement Price Index | USD | ODCL | I | NQADA | Nasdaq Cardano Reference Price Index | USD | 15S | I | NQADAS | Nasdaq Cardano Settlement Price Index | USD | ODCL | I | NQAVAX | Nasdaq Avalanche Reference Price Index | USD | 15S | I | NQAVAXS | Nasdaq Avalanche Settlement Price Index | USD | ODCL | I |
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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.