Business UpdateJun 26, 2026, 04:38 PM
Nasdaq Closing Cross Sets Record with 4.59B Shares, $334B for Russell Reconstitution
AI Summary
Nasdaq's Closing Cross achieved a record day during the semi-annual rebalancing of the Russell US Indexes. It executed 4.59 billion shares, amounting to $334.027 billion, in 1.630 seconds for Nasdaq-listed securities, marking the largest liquidity event for the Russell Reconstitution. This new milestone significantly surpasses the 2025 trading volume, demonstrating Nasdaq's robust infrastructure and commitment to market efficiency.
Key Highlights
- Nasdaq Closing Cross executed a record 4.59 billion shares.
- Record $334.027 billion in notional value traded.
- Execution completed in 1.630 seconds for Nasdaq-listed securities.
- Surpassed 2025 volume of 2.51 billion shares and $102.455 billion.
- Closing Cross reduced latency by over 85% over two decades.
- Trade volume growth over 550% and notional volume growth over 1500%.
- Approximately $10.6 trillion in assets benchmarked to Russell US Indexes.
Price Impact
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