Sina Offers Real-Time Market Information from Nasdaq to Power Portfolio Diversification
March 06 2018 - 8:00AM
Nasdaq (Nasdaq:NDAQ) today announced that Sina (Nasdaq:SINA), a
leading online media company serving China and the global Chinese
community, is now an official vendor of Nasdaq Last Sale (NLS) and
Nasdaq Global Index Data Service (GIDS) in China.
Sina was the first company in mainland China to provide
investors with real-time U.S. market data from Nasdaq in 2013. Five
years since this first collaboration, usage of the data has grown
significantly—both by audience and volume—as Sina continues to help
investors in the world’s most populous country build and protect
wealth. In addition to real-time Nasdaq data feeds provided to
downstream firms in China, Sina now offers Nasdaq Last Sale and the
vital indexing GIDS product across all of its platforms.
“I knew that we had an opportunity to provide timely market data
to our domestic customers, but it was all about finding the right
partner to deliver accurate and cost-effective information,” said
Mr. Li Pai, Chief Editor, Sina Finance. “Nasdaq has proven to be
one of our top resources, providing valuable information to our key
demographics. These investors are looking for accurate, in-depth
data, viewed wherever they want and need it.”
“China has a growing population of sophisticated investors,”
said Tomas Franczyk, the Hong Kong-based Managing Director for APAC
with Nasdaq’s Global Information Services. “We are helping to fill
the void for investors in China who are hungry for diversification
in their portfolios and are seeking opportunities in the U.S. stock
market. Our collaboration with Sina enables us to serve this
important constituency with the most reliable and accurate
real-time, intraday U.S. trade data available.”
As wealth grows in China—particularly among the expanding middle
class—this growing pool of investors is increasingly interested in
diversifying their assets and accessing global networks for
real-time information. China’s middle class is expected to grow by
850 million people by 2030. This growing pool of new investors have
an appetite for wealth diversification, and equity markets are of
particular interest, given eight-years of continuous highs and the
historic asset inflows into ETFs that we see today. To highlight
the importance of this relationship, Nasdaq and Sina completed a
case study on their work together, which is available on our Web
site and also via CNBC here.
NLS provides real-time intraday last sale data for all
securities traded in Nasdaq systems and the FINRA Trade Reporting
Facility® (TRF®) operated in partnership with Nasdaq
(“FINRA/Nasdaq TRF”). NLS supports the full range of U.S.
exchange-listed equities — Nasdaq-listed securities as well as
NYSE- and Amex-listed issues. The Nasdaq Stock Market® has more
liquidity than any other U.S. exchange, thus NLS is the most
reliable and accurate resource for real-time, intraday trade
data.
Nasdaq’s Global Index Data Service (GIDS) is a feed that
disseminates more than 40,000 Indexes and data points on more than
750 ETF Valuation data points to market participants around the
globe. Through GIDS, investors can get instant real-time updates to
Nasdaq most popular tradeable indexes including the Nasdaq 100
index.
About Sina:We are a leading online media
company serving China and the global Chinese communities. Our
digital media network of SINA.com (portal), SINA.cn (mobile
portal), SINA Mobile Apps and Weibo.com (social media) enables
Internet users to access professional media and user generated
content in multi-media formats from personal computers and mobile
devices and share their interests with friends and
acquaintances.
SINA.com offers distinct and targeted professional content on
each of its region-specific websites and a full range of
complementary offerings. SINA.cn and SINA Mobile Apps provide news
information, professional and entertainment content from SINA.com
customized for mobile users in WAP (mobile browser) and mobile
application format. Weibo is a leading social media platform for
people to create, distribute and discover Chinese-language content.
Based on an open platform architecture, Weibo allows users to
create and post feeds and attach multi-media content, as well as
access a wide range of organically and third-party developed
applications, such as online games.
Through these properties and other product lines, we offer an
array of online media and social media services to our users to
create a rich canvas for businesses and advertisers to effectively
connect and engage with their targeted audiences. About
Nasdaq: Nasdaq (Nasdaq:NDAQ) is a leading global
provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $13 trillion. To learn more,
visit: http://business.nasdaq.com
NDAQG
Nasdaq Media Contact:Matthew Sheahan(212)
231-5945matthew.sheahan@nasdaq.com
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