NEW YORK, April 29, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the NASDAQ Closing Cross broke a record for 2011 as it was used for the Special Rebalance of the NASDAQ-100 Index® (Nasdaq:NDX).
A total of 329.21 million shares representing $12.7 billion were executed in the Closing Cross in 779 milliseconds.
In all NASDAQ-100 Index stocks, 287.88 million shares representing $11.84 billion were executed in the Closing Cross in 779 milliseconds.
Trading in PowerShares QQQ Trust (Nasdaq:QQQ), an exchange-traded fund that tracks the NASDAQ-100 Index, totaled 494 thousand shares representing $29 million in 57 milliseconds during the Closing Cross.
The NASDAQ-100 Index's Special Rebalance will become effective prior to market open on Monday, May 2, 2011, based on today's NASDAQ Official Closing Price as determined by the NASDAQ Closing Cross®.
NASDAQ official closing prices (NOCPs) determined by the NASDAQ Closing Cross are widely used throughout the industry, including Russell Investments, Standard & Poor's, Dow Jones, and mutual funds across the country.
The Closing Cross brings together the buy and sell interest in specific NASDAQ, NYSE and NYSE Amex stocks and executes all shares for each stock at a single price, one that reflects the true supply and demand for these securities. All nationally-listed securities are eligible for the NASDAQ Closing Cross.