Nasdaq Launches Index Calculation System for Marketplaces
June 29 2015 - 7:01AM
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@nasdaq.com
+1 (212) 231-5541 (Office)
+1 (646) 581-4286 (Mobile)
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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