The Nasdaq Stock Market has created an enhanced index platform that will allow the firm to "calculate and disseminate an unlimited number of indexes on a real-time basis."
The new system allows calculation and dissemination of indexes that include securities listed on Nasdaq, the New York Stock Exchange and the American Stock Exchange.
Also, the company has introduced two new indexes, the Nasdaq-100 Equal Weighted Index, which provides equal weighting of the most highly capitalized companies listed in the exchange, rebalanced quarterly; and the Nasdaq Health Care Index, which is a market value weighted index that includes companies listed under the health, pharmaceutical and biotechnology categories according to the FTSE Global Classification System.
"These new indexes provide market participants with new opportunities to own shares in industry-leading companies and equips them with additional investment options," said John Jacobs, executive vice president of Nasdaq Financial Products.
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