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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) commemorates the 10 year anniversary of PowerShares QQQ(tm) (Nasdaq:QQQQ), which is benchmarked to the NASDAQ-100 Index(r) and one of the most actively traded securities in the world. The index is comprised of the 100 largest non-financial stocks listed on The NASDAQ Stock Market.
The NASDAQ-100 Index is the basis of over 900 products in 34 countries with approximately $490 billion in notional value tied to the index. It is one of only two indexes that have traded more than 500 million futures with a notional value greater than $25 trillion. To date, the NASDAQ-100 Index has traded over 600 million futures contracts.
PowerShares QQQ(tm) (Nasdaq:QQQQ) was introduced on March 10, 1999 and has since traded more than 231 trillion shares, making it one of the world's most liquid exchange-traded funds (ETFs) and equity securities.
"The NASDAQ-100 Index is a globally recognized benchmark by which investors can access a diverse array of some of the world's largest, most dynamic non-financial companies," said NASDAQ OMX Executive Vice President John Jacobs. "Ten years after its memorable launch, more than 1 million people are now harnessing the potential of these companies by investing in PowerShares QQQ(tm). We are delighted to commemorate this milestone event with our partner, Invesco PowerShares."
"Since trading began on March 10, 1999, the PowerShares QQQ(tm) has become one of the most actively traded securities in the world fostering wide scale acceptance of the ETF structure among institutions, traders and retail investors," said Bruce Bond, president and CEO of Invesco PowerShares. "Today we are proudly celebrating with the NASDAQ OMX Group the success of this landmark ETF."
PowerShares QQQ(tm) and other ETFs have become more prevalent in overall equity trading in the U.S. In January 2009, ETFs accounted for 21% of all U.S. equity volume versus 15% in June 2008. The NASDAQ Stock Market's market share of U.S. ETFs is more than any other U.S. exchange. NASDAQ's average daily matched share volume of U.S. ETFs in January 2009 was 655 million shares, a 22% increase over the same period last year. NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to some of the most widely watched indexes in the world.
As a premier, full-service provider, NASDAQ OMX is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing the expanded coverage of our global company, NASDAQ OMX has nearly 2,000 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.
In addition, our calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Index Group range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
