Nasdaq Launches Index Calculation System for Marketplaces
Offering gives exchanges index producer capabilities, opportunities for new revenue streams
Singapore Exchange to leverage technology to boost 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
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
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Source: The NASDAQ OMX Group, Inc. via Globenewswire
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