NASDAQ OMX Announces Index Changes
April 13 2012 - 8:30PM
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced changes to
a number of its indexes. After substantial research and
consideration, NASDAQ OMX® decided to enact changes in its special
dividend policy across all indexes calculated in the U.S.
(including NASDAQ®-, NASDAQ OMX®- and PHLX®-branded indexes), the
seasoning criteria of certain indexes, and the evaluation schedule
for the family of NASDAQ OMX Green Economy Indexes.
Currently, in the case of a special cash dividend, a
determination is made on an individual basis whether to make an
adjustment to the Last Sale Price of an Index Security on the
ex-date of the dividend. Following the methodology change, a
special cash dividend announced by the listing exchange for an
Index Security will result in an adjustment to the Last Sale Price
of the security prior to market open on the ex-date for the special
dividend amount. Special cash dividends may also be referred to as
unusual, extraordinary, one-time, non-recurring, etc. The change to
this policy will be implemented on Tuesday, May 1, 2012.
In addition, NASDAQ OMX is changing and applying consistently
the "seasoning" period for NASDAQ-100 Index® (NDX), NASDAQ
Financial-100 Index® (IXF) and NASDAQ Biotechnology Index® (NBI)
eligibility. Currently, the NDX and IXF seasoning criteria require
a security to be listed on a recognized market for at least two
years (NBI requires six months); in the case of spin-offs, the
operating history of the parent will be considered. If a security
would otherwise qualify to be in the top 25% of the securities
included in the Index by market capitalization for the six prior
consecutive month-ends, then a one-year seasoning criterion would
apply. With the new methodology, a security must have seasoned on
NASDAQ, NYSE or NYSE Amex for at least three full months (excluding
the first month of initial listing) based on current month-end
data. The index eligibility changes will be implemented on Monday,
April 23, 2012.
NASDAQ OMX is also changing the annual evaluation of its family
of NASDAQ OMX Green Economy Indexes, to be effective after the
close of trading on the third Friday in June (June 15, 2012), in
conjunction with the quarterly rebalance. The evaluation will use
eligibility criteria applied through the end of April. The
quarterly rebalance will continue to use eligibility criteria
through the end of May, with all changes becoming effective after
the close of trading on Friday, June 15, 2012.
For more details about index methodology, including that of the
NASDAQ-100 Index - the basis of the PowerShares QQQ Trust
(Nasdaq:QQQ) - please visit the NASDAQ OMX Global Index website at
www.nasdaqomx.com/indexes.
About NASDAQ OMX Global Index Group NASDAQ OMX
Global Index Group is engaged in the design, development,
calculation, and licensing of NASDAQ OMX Indexes. NASDAQ OMX Global
Index Group specializes in the development of indexes focusing on
NASDAQ OMX's brand themes of innovation, technology, growth and
globalization. NASDAQ OMX Global Index Group also provides custom
index services and design solutions as a third-party provider to
selected financial organizations. For more information about NASDAQ
OMX indexes, visit www.nasdaqomx.com/indexes.
About NASDAQ OMX Group The inventor and
transformer of the electronic exchange, The NASDAQ OMX Group, Inc.,
fuels economies with revolutionary technologies for the entire
lifecycle of a trade - from risk management to trade to
surveillance to clearing. In the US and Europe, we own and operate
24 markets, 3 clearinghouses and 6 central securities depositories
supporting equities, options, fixed income, derivatives,
commodities, futures and structured products. Able to traffic more
than 1 million messages per second at sub-80 microsecond speeds
with 99.999% uptime, our technology drives more than 70 exchanges
in 50 developed and emerging countries into the future, powering 1
in 10 of the world's securities transactions. Our award-winning
data products and worldwide indexes are the benchmarks in the
financial industry. Home to 3,400 listed companies worth $5.1
trillion in market cap whose innovations shape our world, we give
the ideas of tomorrow access to capital today. Welcome to where the
world takes a big leap forward, daily. Welcome to the NASDAQ
OMX Century. To learn more, visit www.nasdaqomx.com. Follow
us on Facebook (http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of
S&P 500)
Cautionary Note Regarding Forward-Looking Statements The matters
described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements include, but are
not limited to, statements about NASDAQ OMX's indexes and
other products and offerings. We caution that these statements are
not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking
statements. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond NASDAQ OMX's control. These
factors include, but are not limited to factors detailed in NASDAQ
OMX's annual report on Form 10-K, and periodic reports filed with
the U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking
statements.
Notes to editors: NASDAQ®, NASDAQ-100®,
NASDAQ-100 Index®, NASDAQ-100 Index Tracking Stock® and QQQ® are
registered trademarks of The NASDAQ OMX Group, Inc. (collectively,
with its affiliates "NASDAQ OMX") and are licensed for use by
Invesco PowerShares Capital Management LLC. PowerShares QQQ has not
been passed on by NASDAQ OMX as to its legality or suitability, and
is not issued or sold by NASDAQ OMX. NASDAQ OMX makes no
warranties and bears no liability with respect to PowerShares
QQQ.
NDAQG
CONTACT: NASDAQ OMX Media Contact:
Wayne Lee
+1.301.978.4875
Wayne.D.Lee@NASDAQOMX.Com
NASDAQ OMX Issuer and Investor Contact:
John Jacobs
+1.301.978.8278
John.Jacobs@NASDAQOMX.Com
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