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Nasdaq Closing Cross Sets Record During Russell US Indexes Reconstitution
Nasdaq Closing Cross Sets Record During Russell US Indexes Reconstitution
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BTCCSquare news:
Nasdaq's Closing Cross mechanism facilitated a historic $102.46 billion in trades during the Russell US Indexes annual reconstitution, surpassing 2024's $95.26 billion record. The liquidity event executed 2.5 billion shares across Nasdaq-listed securities in under one second.
This marks the 22nd year Nasdaq's closing auction system has been used for Russell index rebalancing, demonstrating its critical role in handling unprecedented U.S. equities volume. "The Closing Cross provides transparent price discovery during market structure events," said Nasdaq EVP Kevin Kennedy.
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