OREANDA-NEWS. Effective Wednesday, March 30, 2016, Nasdaq will list two new NextShares Exchange Traded Managed Funds:

  • Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond NextShares (Symbol: EVLMC)
  • Eaton Vance Global Income Builder NextShares (Symbol: EVGBC)

NextShares Data Dissemination

Quotation and trade data for Nasdaq-listed NextShares instruments are disseminated via UTP Level 1, Nasdaq Basic, Nasdaq Level 2, and Nasdaq TotalView-ITCH using the trading symbols listed below. As outlined in NextShares display guidelines, Nasdaq will disseminate NextShares quotation and trade data in proxy price format or NAV offset value format.

Dissemination of the daily valuation information for the NextShares will begin Wednesday, March 30, 2016. For NextShares, the daily net asset value (NAV) will be disseminated via the Mutual Fund Dissemination Service (MFDS) and the Intraday Indicative Value (IIV) will be disseminated at 15 minute intervals via the Nasdaq Global Index Data Service (GIDS).

For GIDS, Nasdaq symbols will be:

Please note that the NAV field on GIDS is intended for reference purposes only. The GIDS field is not used for actual trade price calculations.

For MFDS, the NAV symbol will be “EVLMCNX” and “EVGBCNX”. Nasdaq will use the NAV value from the MFDS 6:45 p.m. summary spin for its actual trade price calculations at the end of the trading day.

You may register as a market maker by contacting Nasdaq Trade Desk at +1 212 231 5100. Market makers in the NextShares can register beginning Wednesday, March 30, 2016.

All purchasers of newly issued NextShares must receive a prospectus or product description.

In order to trade NextShares, market participants will need to complete the trade addendum, certification testing, ensure the end of day correction process occurs and that no issues are encountered. Once this process is complete and the addendum is on file market participants will have all production ports enabled the following business day to trade NextShares.