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Netik signs as Nasdaq OMX elite index data partner

05 April 2011  |  2568 views  |  0 Source: Netik

Netik, a global leading provider of financial data management and reporting services and products, today announces that it has been signed as an Elite Index Data Partner with Nasdaq OMX, the world's largest exchange company and global leader in creating and licensing benchmark indexes.

Netik offers the full suite of data for all NASDAQ OMX indexes externally to customers as part of its Delta One Data service, including weightings and components and values. This information enables the user to identify securities within indexes, determine the importance of the security relevant to the overall index and easily track portfolio investments based on indexes. With this weightings information, clients can gauge the market's performance and make educated buy and sell decisions.

Netik and NASDAQ OMX will further enhance data delivery and make recipient relationships stronger while the industry continues to adapt. The partnership will provide users with the best information available and ultimately provide clients with a wide-variety of delivery options.

Oliver Albers, Vice President, NASDAQ OMX Global Data Products, says: "We are working closely with the data providers so that we can offer customers several options for receiving index weightings data. We are proud to partner with Netik as one of our Elite Index Data Providers as they offer the full suite of NASDAQ OMX index weights data to our customers in the market."

Luke Neicho, Head of Global Business Development, Netik comments, "Our new partnership will benefit all within the industry as we offer the full suite of data for all the NASDAQ OMX indexes and allow investors to gain access to data immediately upon distribution. This will enhance investing and the market dramatically, aiding in the development and adaption within the industry. "

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