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TechAmerica News
3% Contractor Withholding Repealed
President Obama's signature marks the end of a five year effort by TechAmerica to repeal this onerous law...
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TechAmerica Opposes Latest Internet Sales Tax Bill
TechAmerica opposes the latest Internet sales tax bill introduced in Congress by Senators Enzi (R-WY), Durbin (D-IL) and Alexander (R-TN)...
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Read the TechAmerica Public Policy Blog
Recent posts from Microsoft, KMPG, Softlayer Technologies, and Valicore Technologies...
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The NASDAQ OMX TechAmerica Illinois Tech Index
Overview
On May 19, 2008 the NASDAQ Stock Market (NASDAQ), a subsidiary of The NASDAQ OMX Group, Inc., and then-AeA created the first statewide public technology index in the United States (Obtain a Live Quote for the Index). The NASDAQ OMX AeA Illinois Tech Index is a public-private partnership developed with the Illinois Department of Commerce and Economic Opportunity, Grant Thornton LLP, Baker & McKenzie, and the Illinois Biotechnology Industry Organization (iBIO). The statewide index will track public companies headquartered in Illinois from major sectors including high tech manufacturing, information technology, biotech, and life sciences. AeA and ITAA merged on January 1, 2009, to become TechAmerica.
November 15, 2011: 4th Annual NASDAQ Illinois Tech Index Opening (New York, NY)
The Mission of the Illinois Tech Index:
- Highlight Illinois’ leading public technology companies and innovation assets
- Increase venture capital and technology investment activity in Illinois
- Attract and retain technology talent, jobs, and companies
- Support technology entrepreneurial growth
Eligibility Requirements for the Illinois Tech Index:
- Technology companies as defined by TechAmerica and iBIO’s definition of technology (using NAICS or SIC codes), as well as through a direct assessment of publicly available information concerning products, intellectual property and research & development expenditures.
- NASDAQ OMX, AMEX, NYSE listed high tech manufacturing, information technology, biotech, and life sciences companies with headquarters in Illinois. Subsidiaries of foreign-owned companies with their primary U.S. location in Illinois and meeting all other requirements are also eligible.
- Subsidiaries of U.S.companies, securities listed on foreign exchanges, and OTC listed entities are excluded.
- Final determination for companies listed on the index is made by an advisory committee based on these eligibility requirements and businesses that, in part or as a whole, focus on creating, making, or innovating technology.
Changes and update to the Illinois Tech Index:
The Illinois Tech Index will be updated and rebalanced on a semi-annual basis to include new public companies which meet the eligibility criteria and to exclude securities that no longer meet the eligibility criteria.
- TechAmerica will provide quarterly updates on the performance of the index and is exploring efforts to highlight many of Illinois’ leading private and numerous foreign exchange companies with US headquarters in Illinois.
Illinois Tech Index Calculation:
The NASDAQ OMX Illinois Tech Index is a market capitalization-weighted index. The value of the Index equals the aggregate value of the Total Shares Outstanding (“TSO”), also known as Index Shares, of each of the component Index Securities multiplied by each such security’s respective last sale price1, and divided by the Divisor of the Index. The Divisor serves the purpose of scaling such aggregate value to a lower order of magnitude which is more desirable for Index reporting purposes. If trading in an Index Security is halted while the market is open, the last traded price for that security is used for all index computations until trading resumes. If trading is halted before the market is open, the previous day’s last sale price is used. The Index began on May 19, 2008 with a base value of 1000.00
The formula for Index value is as follows: Aggregate Adjusted Market Value/Divisor. The Index is ordinarily calculated without regard to cash dividends on Index securities. The Index is calculated during the trading day and is disseminated every 15 seconds from 09:30:15 to 17:16:00 ET through the NASDAQ Index Dissemination ServicesSM (NIDSSM). The closing value of the Index may change up until 17:15:00 ET due to corrections to the last sale price of the Index Securities.
Illinois Tech Index Listing and Licensing Information:
The NASDAQ OMX Illinois Tech Index (NASDAQ: ILTI) is available on NASDAQ’s Partner Index website under the symbol ILTI. Licensing and posting information for the Illinois Tech Index can be obtained by contacting TechAmerica directly. For additional questions about the Illinois Tech Index, please visit the FAQ page.
| NASDAQ OMX Illinois Tech Index | Exchange | Symbol |
| Abbott Laboratories | NYSE | ABT |
| Acura Pharmaceuticals, Inc. | NASDAQ | ACUR |
| Akorn, Inc. | NASDAQ | AKRX |
| Allscripts-Misys Healthcare Solutions, Inc. | NASDAQ | MDRX |
| Anixter International Inc. | NYSE | AXE |
| Archer-Daniels-Midland Company | NYSE | ADM |
| Baxter International Inc. | NYSE | BAX |
| Biosante Pharmaceuticals, Inc. | NASDAQ | BPAX |
| Boeing Company (The) | NYSE | BA |
| Cabot Microelectronics Corporation | NASDAQ | CCMP |
| Cobra Electronics Corporation | NASDAQ | COBR |
| Coleman Cable, Inc. | NASDAQ | CCIX |
| Consolidated Communications Holdings, Inc. | NASDAQ | CNSL |
| Echo Global Logistics, Inc. | NASDAQ | ECHO |
| eLoyalty Corporation | NASDAQ | ELOY |
| Fuel Tech, Inc. | NASDAQ | FTEK |
| Hospira Inc | NYSE | HSP |
| IDEX Corporation | NYSE | IEX |
| Illinois Tool Works Inc. | NYSE | ITW |
| InnerWorkings, Inc. | NASDAQ | INWK |
| John Bean Technologies Corporation | NYSE | JBT |
| Landauer, Inc. | NYSE | LDR |
| Lime Energy Co. | NASDAQ | LIME |
| Littelfuse, Inc. | NASDAQ | LFUS |
| Merge Healthcare Incorporated | NASDAQ | MRGE |
| Methode Electronics, Inc. | NYSE | MEI |
| Molex Incorporated | NASDAQ | MOLX |
| Motorola, Inc. | NYSE | MOT |
| Nanophase Technologies Corporation | NASDAQ | NANX |
| Nanosphere, Inc. | NASDAQ | NSPH |
| Neutral Tandem, Inc. | NASDAQ | TNDM |
| Open Text Corporation | NASDAQ | OTEX |
| optionsXpress Holdings, Inc. | NASDAQ | OXPS |
| Orbitz Worldwide, Inc. | NASDAQ | OWW |
| PC-Tel, Inc. | NASDAQ | PCTI |
| Richardson Electronics, Ltd. | NASDAQ | RELL |
| Rubicon Technology, Inc. | NASDAQ | RBCN |
| SigmaTron International, Inc. | NASDAQ | SGMA |
| Sparton Corporation | NYSE | SPA |
| SXC Health Solutions Corp. | NASDAQ | SXCI |
| Telephone and Data Systems, Inc. | NYSE | TDS |
| Tellabs, Inc. | NASDAQ | TLAB |
| Telular Corporation | NASDAQ | WRLS |
| United States Cellular Corporation | NYSE | USM |
| VASCO Data Security International, Inc. | NASDAQ | VDSI |
| Wells-Gardner Electronics Corporation | NYSE | WGA |
| Westell Technologies, Inc. | NASDAQ | WSTL |
| WidePoint Corporation | NYSE | WYY |
| WMS Industries Inc. | NYSE | WMS |
| Zebra Technologies Corporation | NASDAQ | ZBRA |
Opening the NASDAQ MarketSite
November 15, 2010: TechAmerica Midwest and numerous Illinois high-tech executives convened in New York City on Monday, November 15, 2010 to open the NASDAQ Stock Market. The event, arranged by TechAmerica Midwest, also emphasized the Association’s Illinois Tech Index (ILTI), and the winners of the 2010 Chicago Innovation Awards.
Watch the 2010 NASDAQ Stock Market Opening
View photos from the 2010 NASDAQ opening.
November 10, 2009: Leading high-tech executives from Illinois and winners of the 2009 Chicago Innovation Awards joined TechAmerica in New York City for the second annual opening of the NASDAQ to emphasize the association’s Illinois Tech Index…read more.
Watch the 2009 NASDAQ Stock Market Opening
View all 303 photos from TechAmerica’s 2009 Opening of the NASDAQ Stock Market
October 13, 2008: In continuation with ongoing efforts to raise visibility for the high-tech industry in Illinois, TechAmerica (then-AeA), along with then-Lt. Governor Pat Quinn, and several high-tech executives, convened in New York City to open the NASDAQ Stock Market.
Watch the 2008 NASDAQ Stock Market Opening
Illinois Tech Index Sponsors and Partners
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TechAmerica Contact
Ed Longanecker, Executive Director
Phone: 630.282.4332
TechAmerica Midwest
1100 E. Warrenville Road
Suite 150
Naperville, IL 60563
Acura Pharmaceuticals, Inc.
Akorn, Inc.
Allscripts-Misys Healthcare Solutions, Inc.
Anixter International Inc.
Archer-Daniels-Midland Company
ATC Technology Corporation
Baxter International Inc.
Biosante Pharmaceuticals, Inc.
Boeing Company (The)
Cabot Microelectronics Corporation
Cobra Electronics Corporation
Coleman Cable, Inc.
Consolidated Communications Holdings, Inc.
Echo Global Logistics, Inc.
eLoyalty Corporation
Fuel Tech, Inc.
Hospira Inc
IDEX Corporation
Illinois Tool Works Inc.
InnerWorkings, Inc.
Landauer, Inc.
Life Quotes, Inc.
Lime Energy Co.
Littelfuse, Inc.
Methode Electronics, Inc.
Molex Incorporated
Motorola, Inc.
Nanophase Technologies Corporation
Nanosphere, Inc.
Neutral Tandem, Inc.
Open Text Corporation
optionsXpress Holdings, Inc.
Orbitz Worldwide, Inc.
PC-Tel, Inc.
Richardson Electronics, Ltd.
Rubicon Technology, Inc.
SigmaTron International, Inc.
Sparton Corporation
SXC Health Solutions Corp.
Telephone and Data Systems, Inc.
Tellabs, Inc.
Telular Corporation
United States Cellular Corporation
VASCO Data Security International, Inc.
Wells-Gardner Electronics Corporation
Westell Technologies, Inc.
WidePoint Corporation
WMS Industries Inc.
Zebra Technologies Corporation