Benzinga | Apr 22, 2021 08:02AM EDT

Nasdaq Launches Nasdaq-100 Micro Index Options

Nasdaq (NASDAQ:NDAQ) today announced the launch of options on the Nasdaq-100(r) Micro Index (XND), which expands access for Main Street investors to the Nasdaq-100 index in a seamless and cost-efficient way. These new index options are now listed on the Nasdaq PHLX options exchange, and are available on many trading platforms that support index options.

The Nasdaq-100 is one of the world's preeminent and increasingly popular large-cap growth indexes, with exposure to leading businesses that drive the economy across a broad swath of industries including technology, health care, and consumer staples. As the Nasdaq-100 Index (NDX) continues to outperform the market, the notional size of NDX index options often outsize the reach of individual investors. Nasdaq-100(r) Micro Index Options address this by representing 1/100th the full value of the Nasdaq-100 Index, providing investors with a lower notional entry point. This enables Main Street investors to mitigate risk and enhance the yield of the Nasdaq-100 with a new, cost-effective tradable instrument.