NASDAQ CLOSING CROSS CALCULATES U.S. RUSSELL INDEXES FOR THE TWELFTH CONSECUTIVE YEAR FOR RUSSELL'S ANNUAL RECONSTITUTION

NEW YORK, June 29 (Bernama) -- Nasdaq (Symbol:NDAQ) today announced the Nasdaq Closing Cross was used for the twelfth consecutive year to rebalance Nasdaq-listed securities in the entire family of U.S. Russell indexes during their annual reconstitution. Approximately 787 million shares representing $21.1 billion were executed in the Nasdaq Closing Cross in 0.4 seconds across some 2,583 Nasdaq-listed stocks.

Nasdaq official closing prices (NOCPs) determined by the Nasdaq Closing Cross are widely used throughout the industry, by Russell Investments, Standard & Poor's, Dow Jones, and mutual funds across the country. The Nasdaq Closing Cross mechanism provides market participants with transparency and consistent prices with the dissemination of imbalances, indicative and likely clearing prices every five seconds via the Net Order Imbalance Indicator. Nasdaq's INET technology platform processes accurate closing prices for the industry in microseconds.

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