DATA EXPLORERS OPTIMIZED INDEXES
Liquid benchmarks for the long and short trader
The NASDAQ OMX Data Explorers Optimized Indexes offers a tradable benchmark for both the long and short trader.
- Advanced methodology incorporates Data Explorers unique daily, global analytics to screen out component securities that are either lacking in liquidity or expensive to borrow in the securities lending market.
- Companies are screened out based on short sale figures for Utilization* and Days to Cover**
Contact NASDAQ OMX Global Index Group: +1 301 978 8284 or globalindexes@nasdaqomx.com
*Utilisation - Demand as a proportion of the available supply. Calculated as % of assets in lending programs which are currently out on loan (a proxy for short selling).
**Days to Cover - Estimated time required to close the current short position. Calculated as shares out on loan divided by average trading volume.