The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today announced that Axioma, Inc., a leading provider of decision support, risk analysis and portfolio rebalancing and analysis tools, will add NASDAQ OMX Nordic indexes to its risk modeling system.
NASDAQ OMX is the leading provider of equity and fixed income indexes in the Nordic region, calculating a total of about 1,300. Through this agreement, all NASDAQ OMX Nordic indexes will be added to Axioma’s new risk modeling capabilities including the key benchmarks the OMX Stockholm 30 Index and the OMX Stockholm Benchmark Index.
Axioma’s daily risk models will help portfolio managers who track the Nordic markets meet the challenges of increasingly volatile and complex markets. With the ability to use Axioma’s multiple risk models simultaneously, portfolio managers will have a better perspective of where their risk is coming from and be able to act on that insight in a more timely fashion.
”In today’s markets, risk management is essential to a comprehensive investment strategy,” said Magdalena Hartman, Vice President, NASDAQ OMX Global Index Group. ”That’s why we are delighted to have Axioma include NASDAQ OMX Nordic indexes in their risk models. As a result of this development, portfolio managers will be able to more effectively align their risk model usage with their investment objectives.”
"The Nordic countries are very important markets for our client base," said Ian Webster, Managing Director Europe for Axioma. "We have been working to strengthen our risk modeling capabilities in the region and are pleased to offer our clients products from NASDAQ OMX, a leader in global benchmark indexes."
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NASDAQ OMX Nordic Indexes To Be Added To Axioma's Risk Modeling System
Date 05/10/2011