Wednesday, May 07, 2014

Financial Products News #2014 - 29
NASDAQ OMX Announces Launch of the Endowment Index Effective May 19, 2014

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • NASDAQ OMX Global Index Data Service (GIDS 2.0)
  • NASDAQ Global Index Watch (GIW)

Contact Information:

What you need to know:

Effective Monday, May 19, 2014, NASDAQ OMX will begin disseminating the Endowment IndexTM (Symbol: ENDOW) on the NASDAQ OMX Global Index Data ServiceSM (GIDS 2.0).


What is the new Index?

The Endowment IndexTM is an objective benchmark for investors who implement a three dimensional portfolio that incorporates alternative investments.  This investable index is used for portfolio comparison, investment analysis, research and benchmarking purposes by fiduciaries such as trustees, portfolio managers, consultants and advisors to endowments, foundations, trusts, DB/DC plans, pension plans and individual investors.  The Endowment IndexTM has been co-created by Endowment Wealth Management, Inc. and ETF Model Solutions, LLC.

How is the Index disseminated?

Effective Monday, May 19, 2014, data recipients will receive real-time index information from the proprietary GIDS 2.0 data feed with the following attributes:

Instrument ID Instrument Name Currency Frequency FP Type Brand
ENDOW Endowment Index USD 1S I CI

 

In addition to the real-time tick messages, NASDAQ OMX will support the following directory messages on GIDS 2.0:

  • 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 Endowment  on NASDAQ Global Index Watch (GIW), please contact NASDAQ OMX Global Data Sales.

Where can I find additional information?

For questions about NASDAQ OMX Index products, please contact NASDAQ OMX Global Indexes at +1 301 978 8284.



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