The Archipelago Exchange (ArcaEx) has launched a new service dedicated to indexes. As part of the new service, ArcaEx will serve as the calculation agent for newly created third-party indexes and disseminate the index values to the consolidated tape association for investors and data vendors to access. The service also provides a listings’ venue for those indexes and ETF’s that choose to list on ArcaEx, a facility of the Pacific Exchange.
ArcaEx Index Services includes index ticker symbol creation, real-time calculation of third party indices, and a real-time data feed. Listed indexes will also have dedicated space on the ArcaEx Web site offering a description of the index calculation methodology, charts, downloadable data tools and other features for real time and historical values. Archipelago plans to launch the service in the third quarter of 2005.