NEW YORK, April 6, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of options trading on the NASDAQ Internet IndexSM (Nasdaq:QNET) which is designed to track the performance of the largest and most liquid U.S.-listed companies engaged in internet-related businesses that are listed on the NASDAQ Stock Market, the New York Stock Exchange (NYSE) or NYSE Amex. Options trading on the NASDAQ Internet Index began on March 24, 2010 on NASDAQ OMX PHLX. Susquehanna Securities is the specialist for this new product.
"Investors now have the ability to trade options on an index that tracks the performance of some of the most innovative internet companies," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "This gives investors additional flexibility to tailor their trading strategies to their individual needs."
"Susquehanna Securities is a world-class market maker and acts as a critical provider of liquidity in several PHLX index options," said Thomas Wittman, President of NASDAQ OMX PHLX, Inc. "With the participation of Susquehanna Securities, we will be able to offer to the investing public a highly liquid, efficient vehicle to trade the hyper-evolving internet businesses."
The NASDAQ Internet Index is a key benchmark to track the performance of innovative companies that have stimulated one of the most rapidly evolving businesses. The Index includes companies engaged in a broad range of internet-related services including, but not limited to internet software, internet access providers, internet search engines, web hosting, website design, and internet retail commerce. The NASDAQ Internet Index provides these companies with greater visibility and access to a large pool of options investors worldwide. The Index underscores NASDAQ OMX's commitment to designing and calculating relevant world-class indexes.
The NASDAQ Internet Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 150.00 on November 27, 2007. For more information about the NASDAQ Internet Index, including the list of component companies, visit https://indexes.nasdaqomx.com/Data.aspx?IndexSymbol=QNET.