NEW YORK, June 11, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today 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, June 18, 2012.
The following six securities will be added to the Index: Analog Devices, Inc. (Nasdaq:ADI), Fortinet, Inc. (Nasdaq:FTNT), IAC/InterActiveCorp (Nasdaq:IACI), Lincoln Electric Holdings, Inc. (Nasdaq:LECO), NetEase, Inc. (Nasdaq:NTES) and Patterson Companies, Inc. (Nasdaq:PDCO).
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 four securities will be removed from the Index: ARM Holdings plc (Nasdaq:ARMH), FLIR Systems, Inc. (Nasdaq:FLIR), Gentex Corporation (Nasdaq:GNTX) and Royal Gold, Inc. (Nasdaq:RGLD).
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes is engaged in the design, development, calculation, and licensing of NASDAQ OMX Indexes. NASDAQ OMX Global Indexes specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth and globalization. NASDAQ OMX Global Indexes 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 www.nasdaqomx.com/indexes.
About NASDAQ OMX Group
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to traffic more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges 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 3,400 listed companies worth $5.1 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 (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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