Interactive Data to Calculate and NASDAQ OMX to Disseminate Indexes
NEW YORK and BEDFORD, Mass., April 1, 2009 (GLOBE NEWSWIRE) -- 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 OMX(sm)
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 Service(sm) (GIDS(sm)). 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 Service(tm) 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."
For more information about NASDAQ OMX's Global Index Data Services, visit
http://www.nasdaqtrader.com/Trader.aspx?id=globalindexDS.
About Wilshire Associates
Wilshire Associates, a leading global independent investment consulting and
services firm, provides consulting services, analytics solutions and customized
investment products to plan sponsors, investment managers and financial
intermediaries. Its business units include, Wilshire Analytics, Wilshire
Consulting, Wilshire Funds Management and Wilshire Private Markets.
The firm was founded in 1972, revolutionizing the industry by pioneering the
application of investment analytics and research to investment management for
the institutional marketplace. Wilshire also is credited with helping to
develop the field of quantitative investment analysis that uses mathematical
tools to analyze market risks. All other business units evolved from Wilshire's
strong analytics foundation.
Wilshire developed the Wilshire 5000 Total Market Index(sm), the first
asset/liability models for pension funds, the first U.S. equity style metrics
work and many other "firsts" as the firm grew to nearly 350 employees serving
the investment needs of institutional and high net worth clients around the
world.
Based in Santa Monica, California, Wilshire provides services to clients in
more than 20 countries representing approximately 600 organizations. With ten
offices on four continents, Wilshire Associates and its affiliates are
dedicated to providing clients with the highest quality counsel, products and
services. Wilshire is a registered service mark of Wilshire Associates
Incorporated. Please visit http://www.wilshire.com for more information.
About Interactive Data Corporation
Interactive Data Corporation (NYSE:IDC) is a leading global provider of
financial market data, analytics and related solutions to financial
institutions, active traders and individual investors. The Company's businesses
supply real-time market data, time-sensitive pricing, evaluations and reference
data for millions of securities traded around the world, including
hard-to-value instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support of their
trading, analysis, portfolio management and valuation activities. Interactive
Data, headquartered in Bedford, Mass., has approximately 2,400 employees in
offices located throughout North America, Europe, Asia and Australia. Pearson
plc (NYSE:PSO) (LSE:PSON), an international media company, whose businesses
include the Financial Times Group, Pearson Education, and the Penguin Group, is
Interactive Data Corporation's majority stockholder.
Interactive Data's Pricing and Reference Data business provides global
securities pricing, evaluations and reference data designed to support
financial institutions' and investment funds' pricing activities, securities
operations, research and portfolio management. Interactive Data collects,
edits, maintains and delivers data on more than 6 million securities, including
daily evaluations for approximately 2.8 million fixed income and international
equity issues. Interactive Data specializes in 'hard-to-get' information and
evaluates many 'hard-to value' instruments.
Pricing, evaluations and reference data are provided in the U.S. through
Interactive Data Pricing and Reference Data, Inc. and internationally through
Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information about Interactive Data Corporation and its businesses,
please visit www.interactivedata.com.
The Basket Calculation Service(sm) is a service mark of Interactive Data
Pricing and Reference Data, Inc.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX's products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
NDAQG
CONTACT: Wilshire Associates
Kim Shepherd
+1-312-762-5505
kim.shepherd@wilshire.com
The NASDAQ OMX Group, Inc.
Wayne Lee
+1-301-978-4875
Wayne.D.Lee@NASDAQOMX.com
Interactive Data Corporation
Brian Willinsky
+1-781-687-8291
brian.willinsky@interactivedata.com
Wilshire Associates Selects NASDAQ OMX and Interactive Data to Support the Wilshire Indexes(sm)
| Source: The NASDAQ OMX Group, Inc.