Nasdaq sets record for shares traded during Russell Reconstitution, showcasing market resilience and efficiency.

From GlobeNewswire: 2025-06-27 16:56:00

Nasdaq’s Closing Cross set a record during the annual Russell Reconstitution, with 2,506,428,416 shares, totaling $102.455 billion, traded in 0.871 seconds. This surpassed the 2024 record of $95.257 billion traded in 0.878 seconds. The Closing Cross is crucial for capital markets, providing transparent price facilitation during high-volume events. Russell Reconstitution ensures index accuracy and market representation, with approximately $10.6 trillion in assets benchmarked to Russell US Indexes. Nasdaq’s investment in market modernization has enhanced system resilience, reducing latency by over 85% amidst a 550% trade volume growth.

Additionally, Nasdaq introduced Eqlipse, a new marketplace technology platform, to support global liquidity and transparency. FTSE Russell, a global index leader, calculates thousands of indexes and benchmarks $18.1 trillion in assets. They prioritize index innovation and governance, applying industry standards and principles to enhance market offerings. Nasdaq and FTSE Russell’s collaboration underscores a commitment to market integrity and efficiency. The newly reconstituted Russell US Indexes will take effect on June 30th, 2025, following the completion of the reconstitution process.



Read more at GlobeNewswire: Record Notional Value of Shares Traded on the Nasdaq