In collaboration with London-based stock index provider FTSE Group, the Nasdaq launched four new indexes late last week.

The indexes should raise the profile for small and mid-cap stocks, company officials told Reuters. The indexes can also be used as the basis for products like exchange-traded funds, they said.

Of the four indexes, the FTSE Nasdaq 500 Index will be made up of the 500 largest Nasdaq-listed companies by full market capitalization.

John Jacobs, executive vice president, Nasdaq, said the new indexes should appeal to a wide spectrum of investors.

The news is also an indication that FTSE, which is viewed as a barometer of the British economy, is gaining a bigger foothold in the U.S. market.

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