Affected Markets:Impacted Data Feeds:
Contact Details: |
Key Information:The Nasdaq will commence the distribution of new indexes on the Nasdaq Global Index Data ServiceSM (GIDS) with an estimated start date of Wednesday, December 18th, 2024. Update 12/17/24: The official name for NQXRP will be “Nasdaq XRP Reference Price Index,” and for NQXRPS, it 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 distinct single asset indices that serve as reference points for related products. These indices are priced based on the methodology outlined in the Nasdaq CryptoTM Index (NCI), which utilizes a weighted mechanism based on multiple exchanges for price determination. More details on the NCI, including the methodology document, can be found here: NCI Overview. The NCI methodology is directly accessible at: NCI Methodology PDF.
How will the Indexes be disseminated?
On Wednesday, December 18th, 2024, data recipients will receive real-time index updates via the proprietary GIDS data feed, featuring 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 |
Alongside the real-time tick messages, Nasdaq will provide the following directory messages on GIDS:
- Equities Summary (Message Type F): Released at the end of the U.S. and European trading sessions, summarizing the trading day’s activities for an equity index.
- Index Directory (Message Type R): Sent at the start of each day to provide basic information about the index.
Will the details on components and weightings be available?
Yes. For access and further details regarding the Index on the Nasdaq Global Index Watch (GIW) and Nasdaq Global Index FlexFile Delivery (GIFFD), please reach out to Nasdaq Index Data Sales.
Where can I find more information?
For inquiries about Nasdaq index products, please contact Index Services or visit GIW.
