Nasdaq Crypto Index to launch on Feb 2, 2021
Nasdaq has scheduled the planned launch of a new index – the Nasdaq Crypto Index (NCI). Effective Tuesday, February 2, 2021, Nasdaq will begin disseminating the NCI on the Nasdaq Global Index Data Service (GIDS).
The Nasdaq Crypto Index (NCI) is designed to measure the performance of a significant portion of the digital asset market and to provide a benchmark for institutional investment in this new and emerging asset class. The Index is specifically designed to be dynamic in nature, broadly representative of the market, and readily trackable by investors.
Index Overview
- Tracks the performance of a diverse basket of USD-traded digital assets
- Applies rigorous liquidity, exchange and custody standards to asset eligibility
- Rebalanced and reconstituted on a quarterly basis
- Free float market cap weighted
On Tuesday, February 2, 2021, data recipients will receive real-time index information from the proprietary GIDS data feed with the following attributes:
In addition to the real-time tick messages, Nasdaq will support the following directory messages on GIDS:
- 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.