The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Telekurs Adds Nasdaq OMX Global Index Data

Share article

SIX Telekurs has added the Nasdaq OMX Global Index Data Service data feed to its service. The vendor claims customers can now enjoy the benefits of enhanced descriptive data for improved transparency.

The Global Index Data Service is a data feed from Nasdaq OMX Information that consolidates all index and exchange traded fund (ETF) valuation data into a single outbound data stream. The data originates from The Nasdaq Stock Market, Nasdaq OMX PHLXSM and the exchanges that comprise Nasdaq OMX Nordic and Nasdaq OMX Baltic.

“Because we offer our customers the full complement of Nasdaq OMX index and ETF data, SIX Telekurs was eager to implement the Nasdaq OMX Global Index Service as soon as it was available, given the cost benefits of the consolidated feed from the exchange,” says Sara Banerjee, senior vice president of Data Procurement and Strategic Initiatives of SIX Telekurs in the Americas. “The fact that our customers can now receive significant added value through additional data fields is a real win-win for all parties.” In addition to reducing costs, the Nasdaq OMX Global Index Data Service provides customers with improved dissemination frequency and component weightings for select indexes – allowing for better trading performance and portfolio valuations.

“The Nasdaq OMX Global Index Service adds significant value through the vastly increased frequency of dissemination, plus the availability of such critical information as index components, weights and divisors, instrument specific data fields such as intraday portfolio value (IPV), previous day NAV, and estimated cash per creation unit,” says Randall Hopkins, senior vice president of Nasdaq OMX Global Data Products.

For SIX Telekurs customers, the index component data delivers greater transparency through improved visibility into the indices, along with improved frequency of intraday pricing updates – all of which means that investors and traders are better able to gauge the market’s performance and make buy and sell decisions.

Related content

WEBINAR

Upcoming Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

Date: 21 January 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions...

BLOG

FINOS and Goldman Sachs Release Legend Open Source Data Management Platform

In pursuit of data collaboration and standardisation across capital markets, the Fintech Open Source Foundation (FINOS) and Goldman Sachs have released Legend, the bank’s flagship data management and data governance platform. The source code for five of the platform’s modules is available from FINOS. Goldman Sachs contributed its PURE logical modelling language and Alloy platform...

EVENT

Data Management Summit London

Now in its 11th year, the Data Management Summit (DMS) in London, will explore how financial institutions are adapting their data strategies to capitalise and support revenue generating activities and operational efficiency in today's digital and cloud based environment. Join us to hear from leading data practitioners and innovators who will share insights into how they are pushing the boundaries with data and delivering value through data and analytics.

GUIDE

Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...