Nasdaq Data Unit Takes Aim at Enterprise Clients in China

Nasdaq Global Information Services (NGIS), a market data solutions provider under the U.S. stock exchange operator, aims to double its number of enterprise clients on the Chinese mainland using its real-time market data service, amid growing interest in U.S. stocks.

NGIS, which currently has 15 enterprise clients on the mainland, wants to increase this figure to 30 this year, said Tomas Franczyk, NGIS managing director for the Asia-Pacific based in Hong Kong.

The data provider targets Chinese enterprises such as financial media companies, fintech firms, securities and brokerage houses, that devise mobile apps or trading platforms for real-time access to the U.S. stocks.

“China has a growing population of sophisticated investors,” Franczyk said in an interview with Caixin Global. “We are helping to fill the void for investors in China who are hungry for diversification in their portfolios and seeking opportunities in the U.S. stock market.”

NGIS’ suite of offerings allows investors to access real-time intraday last-sale data, or a feed that disseminates more than 40,000 indexes and data points. Investors can access accurate quote info for the movers and shakers in China and abroad, including Amazon Inc., Apple Inc. and Facebook, or Chinese companies listed on U.S. exchanges such as Weibo Corp., China Life Insurance Co. Ltd. and JD.com Inc.

Sina Corp. became NGIS’ first client in 2013. The U.S. firm hopes to strengthen its partnership with the leading web portal going forward, it said.

Contact reporter Jason Tan (jasontan@caixin.com)