Nasdaq announced the launch of the Nasdaq Veles California Water Index (NQH2O), the first of its kind water index that benchmarks the price of water in a way that supports price discovery and enables the creation of a tradable financial instrument. While existing water indexes track companies active in the extraction and delivery of water, the Nasdaq Veles California Water Index sets a weekly rate for the price of water in California, enabling important price discovery and the launch of financial instruments. The index is calculated weekly, using a proprietary water index methodology developed by Nasdaq and Veles Water. Key points on the Nasdaq Veles California Water Index: value is based on the volume-weighted average of the prevailing prices in five specific California water markets, prices adjusted for market-specific pricing factors specific to each of the eligible markets and transactions and pricing algorithm provides a benchmark price for water transactions across California.