• Friday, May 24, 2024
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BusinessDay

MSCI joins Thomson Reuters, Bloomberg, others as market data vendor at Stock Exchange

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 MSCI Incorporated, recognised as a leading provider of investment decision support tools to around 7,500 clients worldwide has joined others as market data vendor at the Nigerian Stock Exchange (NSE).

MSCI provides investment decision support tools its clients ranging from large pension plans to boutique hedge funds, while offering a range of products and services – including indices, portfolio risk and performance analytics, and governance tools – from a number of internationally recognised brands such as Barra, RiskMetrics, IPD and ISS.

With MSCI now on board, there are now nine market data vendors at the Nigeria Stock Exchange –namely Thomson Reuters, Bloomberg, Interactive Data, Six Financials, S&P Dow Jones, I-Net Bridge, FactSet Incorporated, MSCI, and Direct FN. The Nigerian Stock Exchange provides real-time and delayed market data feeds directly to financial information providers via its Market Data Feed service. The delivery of market data and associated services is an essential building block in the Exchange’s strategy as it seeks to reach a wider audience to improve market transparency and facilitate informed investment decision making.

Since the launch of this service, the NSE has signed on a number of market data vendors and plans to on-board other national and global financial information service providers in the nearest future.

Located in 22 countries around the world, and with over 2,700 employees, MSCI is dedicated to supporting the increasingly complex needs of the investment community with groundbreaking new products, high quality data, superior distribution and dedicated client support.

Ade Bajomo, Executive Director Market Operations and Technology said “It is a pleasure having MSCI on board as a global Indices Creator and we look forward to building a mutually rewarding relationship with MSCI”.

Bajomo, further said that the delivery of market data and associated services is an essential building block in The Exchange’s strategy as it seeks to reach a wider audience to improve market transparency and facilitate informed investment decision making.

 

IHEANYI NWACHUKWU