Nasdaq-Veles California Water Index
Powered by Waterlitix™
The Nasdaq-Veles California Water Index (NQH2O)
Powered by Waterlitix™, WestWater is the exclusive data provider for the Nasdaq-Veles California Water Index (NQH2O)—the first benchmark of its kind to track the spot price of water entitlements in California.
Designed to bring greater transparency to water pricing, the Index supports price discovery and enables the development of tradable financial instruments that help manage exposure to water supply risk.
Sign up for the weekly California Water Market Report
California Water Market Report
Subscribe to the weekly California Water Market Report

Overview of the NQH2O Index
Overview of the NQH2O Futures
Key Points About the NQH20 Index
- It is the first of its kind that seeks to track the spot rate water price in the state of California.
- The value is priced in U.S. Dollar per acre-foot ($/AF) at the source, excluding conveyance costs and losses, and is calculated and disseminated once per week after the close of business on Wednesday, representative of all data through the end of the prior week.
- The Index represents the volume-weighted average of water prices and shows the current pricing level for water in California determined by water entitlement transactions from five water markets:
- Surface Water
- Central Basin
- Chino Basin
- Main Basin
- Mojave Basin – Alto Subarea
- It’s value reflects changes in the relative scarcity of water in California.
- WestWater is the exclusive data provider powering the Index, drawing from Waterlitix™, the largest and most comprehensive database of water transaction information.