The NASDAQ OMX Group, Inc.SM (NASDAQ®: NDAQ) and Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced they have been selected by Wilshire Associates Incorporated to support several of the indexes from the suite of Wilshire Indexes.
Wilshire Associates -- a leading 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 OMXSM 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 ServiceSM (GIDSSM). GIDS is designed to facilitate better trading performance and portfolio valuation due to real-time dissemination of index data.
GIDS is a value-added 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 facilitates better trading performance and portfolio valuation due to its frequent dissemination of index and ETF data. Interactive Data’s Basket Calculation ServiceTM utilizes real-time equity pricing data from global exchanges to calculate real-time values for indices.
“Our mandate as an index provider is to measure and describe the market in ways that are meaningful and important to investment professionals worldwide,” said 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,” said Randall Hopkins, Senior Vice President of Global Data Products, NASDAQ OMX. “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 organizations is a testament to our commitment to providing high quality value added products and services at lower costs.”
“Our role in calculating the Wilshire Indexes, together with the distribution capabilities of NASDAQ OMX, can help Wilshire provide transparency to market makers and investors while meeting their requirements for providing intra-day index values,” said Jeff Banker, managing director, strategic market development for Interactive Data. “By offering these services to index providers, Interactive Data can provide critical intra-day information that can help broaden the range of indices available to the market.”