Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Exchanges

10:15 AM
Connect Directly
Facebook
Google+
Twitter
RSS
E-Mail
50%
50%

Nasdaq OMX Unveils A European Government Relief Index

Benchmark tracks the performance of European companies participating in government sponsored relief programs.

Nasdaq OMX Group launched a European government relief index enabling investors to measure the performance of European-listed securities of companies that have participated in programs to recapitalize financial institutions and revitalize European credit markets.

The so–called Nasdaq OMX European Government Relief Index consists of European companies across multiple industry groups that have received a direct investment greater than 500 million Euros from a local government, according to today’s release. Components of the index are selected by the Nasdaq OMX Index Committee, which was created to track European government relief programs. At launch, the European Government Relief index contains 21 companies.

This follows the launch of a U.S. Government Relief Index by Nasdaq OMX earlier this year. “We believe that this index will be a useful tool to help investors tracking the various European governments’ response to the global financial crisis,” stated Nasdaq OMX VP Magdalena Hartman in the release.

The index is calculated in real-time across the combined exchanges and is disseminated in Euros, British Pounds, and U.S. Dollars. The index base value is 1000.0 and the base date is Jan., 5, 2009.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.