Nasdaq Exchange Traded Funds

Nasdaq Exchange Traded Products - A Premier Listing Venue



Nasdaq is the single largest equity exchange by market share. Leveraging our global infrastructure and experience, Nasdaq delivers a complete solution to exchange traded products.

Flexible Structure


Designated Liquidity Provider (DLP) Program

The centerpiece of The Nasdaq ETF Market is the Designated Liquidity Provider (DLP), a market maker who has been selected to maintain liquidity in qualified ETFs (i.e., Qualified Securities). Nasdaq requires DLPs to maintain a higher standard of market quality. DLPs receive economic incentives to support ETFs during their period of initial listing, when ETFs need to develop more active trading. DLPs are selected through a consultative process between ETF sponsors, market-making firms and Nasdaq.

Standard DLP Rebates

Less than 500k ADV Between 500k ADV and 5 Million ADV Greater than 5 Million ADV
$0.0070 $0.0042 $0.0036
 
Performance Standards:
NBBO 20%


Incremental Tape C ETP Rebates

Tiers 1 2 3
Minimum Number of Assigned ETPs as DLP 10 25 50
Incremental Tape C ETP Rebate $(0.0003) $(0.0004) $(0.0005)
 
Performance Standards: NBBO 20% On average DLP represents 5% of added liquidity across assigned names


Benefits for Issuers

A Full-Service Offering

The Nasdaq ETF Market is the only end-to-end solution available to the ETF issuer community. Capabilities include:

  • Indexing – Nasdaq is a full-service Index provider with diverse indexes covering all asset classes. Prepared with an index solution for any market, we provide independent, third-party custom index services and design solutions to financial organizations worldwide. A wide range of capabilities allow clients to set unique parameters based on regions, sectors, theme, taxes, regulatory constraints, calculation methods or specific investment strategies to create the exact index needed. See all the ETFs based on Nasdaq indexes.

  • Listing – A premier listing exchange for approximately 3,600 industry-leading companies from more than 50 countries representing all industry sectors and many of the world’s most well-known and innovative brands.

  • Trading – As the largest ETF exchange based on volume, Nasdaq offers a trading venue with deep liquidity and transparency.

  • Data Dissemination – Nasdaq Global Data Products provide millions of traders and investors all over the world with strategic advantages, including superior speed, transparency, depth and flexibility of data management and delivery.

  • Superior Technology – Nasdaq is renowned for its high performance INET technology and has proven reliability with 99.99+% uptime. Firms count on Nasdaq for unsurpassed speed and tested capacity to execute trades quickly and efficiently.


  • New ETP Listings

Contact

  • To learn more about the benefits of listing or trading on The Nasdaq ETF Market, please contact Paul Roland, ETP Listings and Services, at +1 215 496 5209
  • For information or questions on U.S. Equities generally, please contact Tal Cohen, at +1 212 401 8708.