The new Nasdaq index calculation system was launched at the end of June
Nasdaq’s new index system is
nearing the end of testing with anchor exchange The Singapore
Exchange (SGX), with the Asian group set to go live on the
service by the end of 2015.
Following three years of development,
Nasdaq’s Index Calculation System for Marketplaces
launched at the end of June, with SGX the first exchange to
commit to use the tool within its existing index offering.
Torbjörn Nager, lead product manager
for market technology at Nasdaq, told FOW Wednesday that SGX
– which will use a phased implementation - is
currently in the final phase of testing with the tech, and is
set to go live with the service by the end of the year.
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