Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Nasdaq Acquires Data Analytics Provider Dorsey Wright & Associates for $225 Million

5/01/2015 by Sharon Shahzad

W1siziisijiwmtuvmdevmduvmtcvntcvmdqvntyyl05hc2rhcs5qcgcixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Nasdaq has just acquired market data analytics provider Dorsey, Wright & Associates, LLC (DWA) for $225 million, part of a new bid to bolster its existing index portfolio with model-based strategies.

The move follows on the heels of last month’s Nasdaq partnership with the Dhaka Stock Exchange, which integrated Nasdaq’s X-Stream trading technology. Nasdaq’s newest acquisition of DWA will meld both passive indexing and smart beta strategies with the aid of providing more concrete financial analysis to users.

The deal is expected to conclude during Q1 2015, combining DWA’s 17 ETFs and Nasdaq’s 69 licensed smart beta ETFs. Overall, these ETFs will prioritize and focus on dividend and income strategies. Pending a number of approvals and formalities, Nasdaq’s $225 million acquisition of DWA was funded via a mix of both debt and freestanding cash. Consequently, approval of the deal will make Nasdaq Global Indexes one of the largest providers of smart beta indexes with nearly $45 billion in assets benchmarked.

According to Adena Friedman, President of Nasdaq, in a recent statement on the acquisition, “Our index business has been a strong growth area for Nasdaq over the last decade, and the acquisition of Dorsey Wright & Associates will further cement our position as a major player and industry innovator. We are always looking for opportunities to expand Nasdaq’s index offering with quality products that deepen our relationships with the investing community. DWA provides a natural complement to our business and growth strategy.”

This article has been extracted from http://forexmagnates.com, please click on this link to read the article in full http://forexmagnates.com/nasdaq-acquires-data-analytics-provider-dorsey-wright-associates-225-million/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technology, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmduvmjmvmtmvmjavmjkvndg3l3nodxr0zxjzdg9ja180mtqwnti1mdeuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

Their Shoes... Matthew Gilbranch, Managing C...

2017-05-23 15:00:00 +0100

Matthew Gilbranch (32) is a managing consultant here at Montash, managing the SAP team. With 7 years in the global recruitment industry, he loves helping people and building lasting relationships with clients and candidates alike. He took the time to talk to us about what a typical day is like in the global IT recruitment industry. "I get up at 6 and I'm out of the house by half 6 and on the train by twenty to 7. On the train I tend to have a power nap ...

W1siziisijiwmtcvmduvmdqvmtyvndavmzkvotg5l3nodxr0zxjzdg9ja181ndm0mduxmtuuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

7 Things About Your CV You Need To Fix Right ...

2017-05-04 18:00:00 +0100

As a global technology recruitment agency, we are in touch with candidates day in and day out. We've seen all kinds of CVs in our time and know a good one when we see it. As our recruitment team look to find the ideal candidate, they are looking for CVs that show how candidates can impact their clients in a positive way, not just look flashy on paper. You only have a small amount of space on your CV to show off your skills, so make every word count. Cut...