Russell Investments, a global financial services firm, has selected Nasdaq OMX Group as the primary source of real-time index values for all of its equity indexes via RussellTick, a new proprietary data service. Nasdaq OMX is scheduled to launch RussellTick on June 1, 2010.
RussellTick, developed by Nasdaq OMX will offer global investors and traders real-time access to Russell index values, including US small-cap Russell 2000 index and US broad-market Russell 3000 index.
Nasdaq OMX global access program enables Russell to distribute its data through one of the largest data distribution organizations in the world. By leveraging the sales, administrative, technical and brand strength of Nasdaq OMX, global access provides customers turn-key access to a premier data business.
Sara Wilson, regional director for third-party index partners at Russell Investments, said: “RussellTick will consolidate all of Russell’s intra-day index information for the first time into one data source. Easy access to real-time index values empowers investors to better gauge market performance and more easily track portfolio investments. We’re very pleased to leverage the reliable technology and far-reaching distribution capability of Nasdaq OMX as a single point of access.
Randall Hopkins, senior vice president of global data products at Nasdaq OMX, said: “Russell’s selection of Nasdaq OMX as an independent provider of its index information is a result of our shared objective of promoting transparency. This development further expands the relationship between our organizations, which share a commitment to providing all market participants access to information in a highly scalable manner.”