Imagine Signs Market Data Agreements with Hong Kong Stock Exchange & JASDAQ
NEW YORK, May 30, 2006- Imagine Software, the leading provider of on-demand trading, portfolio, and risk management solutions for the global financial industry, today announced it has added more live market data from key Asian stock exchanges to its offering. Specifically, Imagine has signed agreements with the Hong Kong Stock Exchange and JASDAQ to provide real-time market data to customers effective immediately.
Currently, the Hong Kong Stock Exchange ranks 8th in the world, as measured by market capitalization of listed companies. Based in Tokyo, JASDAQ is a market aimed at small and venture companies and is modeled after the NASDAQ in the United States.
With the addition of Hong Kong and JASDAQ, Imagine now provides its customers with live market data from all of Asia’s most important exchanges, including The Tokyo Stock Exchange, The Australian Stock Exchange, The Singapore Exchange (securities), the Osaka Securities Exchange and the Taiwan Futures Exchange.
“We recognize that more and more of our clients are actively trading in the Pacific Rim markets,” said Steven Harrison, President of Imagine Software. “As a result, we continue to expand our pool of independently maintained market data so clients can assess and execute their strategies across Asia and the rest of the world on a timely basis with complete confidence.”
“Market studies show there is about US$100-115 billion in hedge fund assets in the Asia-Pacific region and the region is certainly one of increased focus for both hedge funds and traditional money managers,” noted Denise Valentine, Senior Analyst with the Securities & Investments Group of Celent, a research advisory firm.
Imagine’s robust data offering also includes real-time data from all the major U.S. and European securities and derivatives exchanges. “Data is a vital component of our product offering,” noted Steven Harrison. “We continue to work with exchanges around the world to ensure that Imagine customers have access to the widest universe of real-time pricing and market information.”
Celent’s Denise Valentine added “Hedge funds are increasingly looking to technology to establish their firm’s core infrastructure – portfolio systems that combine connectivity, management, comprehensive security valuation, risk analytics and processing services. Data management is also a particular pain point for hedge funds.”
Imagine also provides comprehensive management of the live data it offers customers. Imagine diligently monitors, scrubs, and makes available corporate actions data to all users. The validated corporate actions data ensures all positions are updated on a nightly basis to reflect splits, mergers, name changes, consolidations, posting of dividends, coupons, accruals, resets, payments and new issuance.