NASDAQ’s New Index For Internet Companies
NASDAQ stock exchange has launched a new internet only index, the NASDAQ Internet Index. The new index (^QNET) will track the performance of internet companies doing work in all ranges including search engines, ISPs, ecommerce companies, web hosting and web design firms. There are 93 companies listed in NASDAQ Internet Index including Google, Yahoo, eBay, Amazon, and international companies such as Sohu from China and Shutterfly from India. I published the full list as a Google Doc:
List of Companies in NASDAQ Internet Index http://spreadsheets.google.com/pub?key=pjau4gArJn35DuOD9LVFlMg
I looked for some general stats about the market itself. NASDAQ has approximately 3,200 companies listed, trades about two-billion shares daily, and handled over 1,000 IPOs in 7 years. We can’t compare at all but just to give some stats here, Meta-Markets currently has 307 entities listed, meaning we handled 307 IPOs in 5 months. Not so bad. Of course the context of Meta-Markets is very different. In NASDAQ people trade shares of companies, in Meta-Markets we trade shares of our socially networked products.
NASDAQ has other indexes for various industries. The NASDAQ Financial Product company oversees the development of new NASDAQ indexes, plus the administration and marketing of NASDAQ indexes. Seeing a dedicated company for creating and managing new indexes is inspiring for us in many levels.
* Photo credits: © Copyright 2000, The Nasdaq Stock Market, Inc.