NEW YORK, Dec. 17, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced the results of the quarterly re-ranking of the NASDAQ Q-50 IndexSM(Nasdaq:NXTQ), which will become effective prior to market open on Monday, December 24, 2012.
The following fourteen securities will be added to the Index: ARM Holdings, Plc (Nasdaq:ARMH), Electronic Arts Inc. (Nasdaq:EA), Flextronics International Ltd. (Nasdaq:FLEX), Lam Research Corporation (Nasdaq:LRCX), Medivation, Inc. (Nasdaq:MDVN), MercadoLibre, Inc. (Nasdaq:MELI), Marvell Technology Group Ltd. (Nasdaq:MRVL), Nordson Corporation (Nasdaq:NDSN), Netflix, Inc. (Nasdaq:NFLX), Patterson Companies, Inc. (Nasdaq:PDCO), Research In Motion Limited (Nasdaq:RIMM), Ryanair Holdings Plc (Nasdaq:RYAAY), VeriSign, Inc. (Nasdaq:VRSN) and Yandex N.V. (Nasdaq:YNDX).
The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index®. The NASDAQ Q-50 Index is re-ranked on a quarterly basis. For more information about the NASDAQ Q-50 Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the re-ranking, the following thirteen securities will be removed from the Index: Analog Devices, Inc. (Nasdaq:ADI), Catamaran Corporation (Nasdaq:CTRX), Discovery Communications, Inc. (Nasdaq:DISCA), Equinix, Inc. (Nasdaq:EQIX), Fortinet, Inc. (Nasdaq:FTNT), Groupon, Inc. (Nasdaq:GRPN), Liberty Global, Inc. (Nasdaq:LBTYA), Liberty Media Corporation (Nasdaq:LMCA), Mellanox Technologies, Ltd. (Nasdaq:MLNX), Regeneron Pharmaceuticals, Inc. (Nasdaq:REGN), SBA Communications Corporation (Nasdaq:SBAC), Verisk Analytics, Inc. (Nasdaq:VRSK) and Western Digital Corporation (Nasdaq:WDC).
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Source:The NASDAQ OMX Group, Inc.