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

5/01/2015 by Sharon Shahzad

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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:

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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.

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