Nasdaq Launches Index Calculation System for Marketplaces
(Thomson Reuters ONE) -
Offering gives exchanges index producer capabilities, opportunities for new
revenue streams
Singapore Exchange to leverage technology to boost index services offering
NEW YORK, June 29, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced today
the launch of the Nasdaq Index Calculation System, a standalone solution that
provides marketplaces with a highly flexible index calculation platform to
compute multi-asset, multi-currency indexes. The system enables exchanges to
operate and administer index calculations in-house, which gives them the
flexibility to define and create unique products while maintaining operational
control and controlling IP ownership over the marketplaces' indexes. In
addition, Singapore Exchange (SGX) will utilize the technology to enhance their
index services offering.
"By generating their own indexes and working with partners to create investible
products based on their indexes, marketplaces can better differentiate their
brands and generate new sources of revenue for the exchange," said Lars
Ottersgard, Executive Vice President, Market Technology, Nasdaq. "As an owner
and operator of several of the world's most renowned indices, including the
Nasdaq Composite and the Nasdaq 100, we see this new technology giving other
exchanges an opportunity to not only increase the profile of their respective
market segments, but also add to the value of their existing market data
business. Exchanges utilizing this product can offer new value added services
while creating new sources of intellectual property and revenue lines."
Features include:
* Multi-asset, multi-currency coverage;
* Powerful index administration with management of calculation creation,
supervision and maintenance;
* Multiple input and output interface handling capabilities;
* Historical database for historical reporting, restatements and back-testing;
* Suite of index reports including predictive reporting to calculate adjusted
index values prior to actual re-calculation;
* High availability, resiliency and operational security.
For marketplaces that are seeking a complete index solution, but do not want
full operational control of an index engine in-house, Nasdaq also offers a full
index service, which includes in-bound data capture, index design and market
data dissemination.
"We purposely made this new index calculator highly customizable and able to
handle any type of index or asset type," said Torbjörn Nager, Lead Product
Manager, Market Technology, Nasdaq. "The solution's modular design supports
efficient implementation of feed handlers, customer index types, calculation
algorithms and reports, decreasing time-to-market for new index products."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across USA,
Europe, Asia, Australia, Africa and Middle East. Additionally, Nasdaq has
extensive experience in the index space as a full-service global index provider,
launching its first index, the Nasdaq Composite, in 1971. Today, the offering
spans all geographies and asset classes with 195 Exchange-Traded Products
tracking our indexes worth over $110 billion in assets under management.
For more information, visit business.nasdaq.com/tech.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of approximately $9.5 trillion and more
than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
NDAQG
CONTACT: For Media Inquiries:
Ryan Wells
ryan.wells(at)nasdaq.com
+1 (212) 231-5541 (Office)
+1 (646) 581-4286 (Mobile)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1931822]
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2015 - 13:01 Uhr
Sprache: Deutsch
News-ID 403599
Anzahl Zeichen: 5354
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq Launches Index Calculation System for Marketplaces"
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