Nasdaq has launched the Nasdaq Custom Basket Calculation Service (CBCS) in collaboration with S&P Global Market Intelligence in response to increasing demand for a simpler and more efficient way of managing proprietary indexes, thematic baskets, and ESG investments.
CBCS allows users to design and set up equity baskets with customised features such as currency, return type, composition, and weights from a pre-approved universe of stocks. The calculated basket level and reference data is validated and distributed along with daily basket weight reports. ‘The ability to generate on-demand listed exposure for equity portfolios will introduce an exciting change in the trading vehicles available to consumers, and to the speed at which the customer demand c
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