Business Services Industry
Nasdaq on a roll, INVESTOR DIGEST
Investor Digest (Malaysia), December, 2003
Investor Digest (Malaysia) 12-03-2003 NASDAQ, the world's largest electronic stock market is making much headway in introducing new products based on its much-followed composite index. The Nasdaq Composite Index represents all stocks on the exchange weighted by capitalisation. Early this month, an exchange-traded fund was launched based on its composite index.
Back last month it licensed a cash- settled options on the index to the Philadephia Stock Exchange. The latest product rollout is a futures and options contract based on the Nasdaq Composite Index called the Nasdaq Composite Derivatives which will be traded on the Chicago Mercantile Exchange (CME) which is the United State's largest futures exchange. The contract will be sized at US$20 times...
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