For Immediate Release:
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FISD Announces Three International Exchanges to Join Membership
Athens Exchange, Borsa Istanbul, and DotEx International Limited Join FISD’s 184 Global Member Companies
WASHINGTON (February 29, 2016) – FISD, the Financial Information Services Association of SIIA, today announced three new international exchanges have joined its membership. Athens Exchange, Borsa Istanbul, and DotEx International Limited join FISD’s 184 member companies as part of a global, non-profit industry forum.
FISD has served the financial information industry for 25 years and continues to engage industry stakeholders including banks, brokerage firms, investment firms, hedge funds, exchanges, and automated trading systems. Tom Davin, Managing Director of FISD, stated, “FISD looks forward to working with the Athens Exchange, Borsa Istanbul and DotEx International Exchange to address issues related to the collection, creation, distribution, management and usage of financial information. These three important exchanges have joined other FISD members to identify and articulate common positions on industry issues and respond to other FISD and industry groups as appropriate.”
FISD is pleased to welcome the following companies to the association:
Athens Exchange S.A.
Our mission as a central collector, disseminator and storage of all relevant information is to offer a single point of access to all interested parties. We are moving ahead in an environment of transparency, an environment both modern and accessible, offering investment opportunities and expressing development dynamics of our markets.
Borsa İstanbul, through its subsidiaries (Takasbank – İstanbul Settlement and Custody Bank Inc. and MKK – the Central Securities Depository Agency), is the sole provider
, of trading, clearing, settlement, custody and registry services in Turkey for a wide range of products such as equities, derivatives, fixed income and repo, precious metals and Islamic finance markets.
Executive Vice President, Dr. Mustafa K. Yilmaz stated, “Data distribution holds a significant place among the recent efforts carried out by Borsa İstanbul towards Istanbul Financial Center project. Rapid progress is underway for the improvement of technological infrastructure, expansion of the data distribution network and the product range. Borsa Istanbul aims to further expand its network and develop closer relationships with market participants by becoming a member of FISD, the most significant association regarding data distribution. ”
DotEx International Limited, Group Company of NSE India
National Stock Exchange of India Ltd (NSE) in its 20 year history has transformed the Indian capital market based on technology, innovation, high standards of governance and management practices. NSE's business practices and high levels of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products in India, NSE's flagship index, the Nifty 50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered extensively by global media and has won many accolades as recognition of this remarkable journey.
Mr Mukesh Agarwal, CEO of DotEx International Limited, the data information vending arm of National Stock Exchange of India (NSE) said, "NSE is a leading exchange in India and has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices and trading volumes. With the membership of FISD, we look forward to working closely with our global peers and contributing towards the development of the market data industry.”
FISD (the Financial Information Services Association of SIIA) provides a neutral business forum for exchanges, market data vendors, specialist data providers, brokerage firms, investment managers and banks to address and resolve business and technical issues related to the distribution, management, administration and use of market data. Members use this forum to exchange ideas, build business relationships and improve the business climate associated with the worldwide flow of financial information. For more information, visit www.fisd.net.