Reykjavík, 5 April, 2019 -Nasdaq (NASDAQ: NDAQ) today announced the expansion
of Nasdaq Iceland's leading index, OMX Iceland 8 (OMXI8), from eight companies
to ten. The update will become effective at the market open on 1 July 2019 as
part of the semi-annual review of the index. At the same time, the name and
symbol of the index will be updated to reflect the increased number of
constituents. The new name of the index will be OMX Iceland 10 (OMXI10).
"The expanded OMX Iceland 10 index reflects the progress made on the market in
recent years, where the market has both grown in size and become more liquid,"
said Magnus Hardarson, Head of Exchange Sales and Services at Nasdaq Iceland.
"The expanded index is a better representation of Iceland's most liquid
companies and allows for greater diversification for the benefit of investors
and funds tracking the index".
The OMX Iceland 10 index is Nasdaq Iceland's leading index and consists of the
ten most liquid shares on the Exchange. The weight of the shares is based on
the free float adjusted market value, which means that only the part of the
share capital that is considered available for trading is included in the
index. Please find information on the index methodology at
https://indexes.nasdaqomx.com/docs/OMXI10%20Methodology.pdf
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About Nasdaq Global Indexes
Nasdaq Global Indexes has been creating innovative, market-leading, transparent
indexes since 1971. Today, our index offering spans geographies and asset
classes and includes diverse families such as the Dividend and Income (includes
Dividend Achievers), Dorsey Wright, Fixed Income (includes BulletShares),
Global Equity, Green Economy, Nordic and Commodity indexes. We continuously
offer new opportunities for financial product sponsors across a wide-spectrum
of investable products and for asset managers to measure risk and performance.
Nasdaq also provides exchange listing, custom index and design solutions to
financial organizations worldwide. For more information about Nasdaq indexes,
visit https://indexes.nasdaqomx.com/.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to
over 4,000 total listings with a market value of approximately $12 trillion. To
learn more, visit business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq
Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker
Services are respectively brand names for the regulated markets of Nasdaq
Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS,
Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB
and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq
Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq
Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
Media relations:
Kristin Johannsdottir
kristin.johannsdottir@nasdaq.com
+354 868 9836© 2019 GlobeNewswire
