We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nasdaq Inc | NASDAQ:NDAQ | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.03 | 0.05% | 59.88 | 59.88 | 60.20 | 60.505 | 59.55 | 59.89 | 2,785,784 | 22:45:49 |
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:
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@nasdaq.com +1 (212) 231-5541 (Office) +1 (646) 581-4286 (Mobile)
1 Year Nasdaq Chart |
1 Month Nasdaq Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions