NEW YORK, Mar 12, 2010 (GlobeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the quarterly reranking of the NASDAQ Q-50 IndexSM (Nasdaq:NXTQ), which will become effective with the market open on Monday, March 22, 2010.
The following eight securities will be added to the Index: Amylin Pharmaceuticals, Inc. (Nasdaq:AMLN), Gentex Corporation (Nasdaq:GNTX), Lincare Holdings Inc. (Nasdaq:LNCR), Micron Technology, Inc. (Nasdaq:MU), Rambus, Inc. (Nasdaq:RMBS), Sirius XM Radio Holdings Inc. (Nasdaq:XMSR), Vistaprint N.V. (Nasdaq:VPRT), and Windstream Corporation (Nasdaq:WIN).
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(R). The NASDAQ Q-50 Index is reranked 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 evaluation, the following eight securities will be removed from the Index: CTC Media, Inc. (Nasdaq:CTCM), Endo Pharmaceutical Holdings, Inc. (Nasdaq:ENDP), LM Ericsson Telephone Company (Nasdaq:ERIC), Allscripts-Misys Healthcare Soultions, Inc. (Nasdaq:MDRX), Myriad Genetics, Inc. (Nasdaq:MYGN), Patterson-UTI Energy, Inc. (Nasdaq:PTEN), Strayer Education, Inc. (Nasdaq:STRA), and Techne Corporation (Nasdaq:TECH).
The PowerShares NXQ Portfolio (Nasdaq:PNXQ) is an exchange traded fund that seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the NASDAQ Q-50 IndexSM. The Advisors Asset Management NASDAQ Q-50 Index Portfolio SM (MFQS:AAMNAX), is a unit investment trust that seeks to provide above average total returns by investing in stocks included in the NASDAQ Q-50 Index.
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
Access to essential historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Notes to editors:
NASDAQ(R) and NASDAQ Q-50 IndexSM are trade/service marks of The NASDAQ OMX Group, Inc. (collectively, with its affiliates "NASDAQ OMX") that are licensed for use by Invesco PowerShares Capital Management LLC and Advisors Asset Management. Neither the PowerShares NXQ Portfolio nor the NASDAQ Q-50 Index Portfolio has been passed on by NASDAQ OMX as to its legality or suitability, and neither product is issued or sold by NASDAQ OMX. NASDAQ OMX makes no warranties and bears no liability with respect to either the PowerShares NXQ Portfolio or the NASDAQ Q-50 Index Portfolio.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The NASDAQ OMX Group, Inc.
CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.Lee@NASDAQOMX.com Issuer and Investor Contact: Lisa Chaney +1.301.978.8281
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
News Provided by COMTEX