The Nasdaq OMX Group and Interactive Data Corporation have been selected by Wilshire Associates to support several of its indexes.
The Nasdaq OMX Group and Interactive Data Corporation have been selected by Wilshire Associates to support several of its indexes.
Wilshire Associates – a global independent investment consulting and services firm – has selected Interactive Data’s pricing and reference data business to calculate the real-time values for selected indexes.
Nasdaq OMX was selected as disseminator of index values for these Wilshire Indexes through Nasdaq OMX’s Global Access solutions.
Interactive Data will publish values for the selected Wilshire Indexes in real-time to the Nasdaq OMX Global Index Dissemination Service. GIDS is designed to facilitate better trading performance and portfolio valuation due to real-time dissemination of index data.
GIDS is a product for firms that wish to receive the full complement of Nasdaq OMX global index and ETF data. GIDS subscribers have lower administrative and technology costs than firms that take the products separately and it aims to facilitate better trading performance and portfolio valuation due to its frequent dissemination of index and ETF data.
“Our mandate as an index provider is to measure and describe the market in ways that are meaningful and important to investment professionals worldwide,” says David Hall, senior managing director, Wilshire Associates and head of the Wilshire equity analytics division of Wilshire Analytics. “We are confident that Wilshire Indexes provide the best measure of equities markets spanning the globe and that through our relationship with Interactive Data Corporation and Nasdaq OMX, investors will quickly adopt them as their preferred index family.”
“We are pleased to be selected as the disseminator of index values for a leading index provider like Wilshire,” says Randall Hopkins, senior vice president of global data products, Nasdaq OMX (pictured). “By leveraging the capabilities of Nasdaq OMX and Interactive Data, we can provide critical index information to the market in a timely manner. We are also delighted to expand our relationship with Interactive Data. The agreement between our organisations is a testament to our commitment to providing high quality value added products and services at lower costs.”
