Connecting to LinkedIn...



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

5/01/2015 by Sharon Shahzad


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, please click on this link to read the article in full

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


Cyber security basics lacking in healthcare s...

2016-10-28 10:00:00 +0100

New data has shown that the healthcare sector, specifically employees, continue to lack even the most basic of cyber security awareness. With networked technology becoming increasingly present in this market, it is vital for staff to have the proper knowledge and training so that they can keep patient details safe. In the latest research, SecurityScorecard identified that a breach in the healthcare sector could have extremely severe consequences. The st...


Virgin Atlantic adopts Salesforce to promote ...

2016-10-26 10:00:00 +0100

Salesforce, one of the global leaders in Customer Relationship Management (CRM) tools, is used by thousands of companies around the world. Now, Virgin Atlantic Airlines has said that not only do the solutions provide an effective modern tool for business, but they can also be used to promote community culture. Speaking about the benefits that his firm has seen, Virgin Atlantic Head of Global Sales Effectiveness Spencer Collins said that the solution pro...