Seeking Alpha

Nasdaq looks for index growth

  • “We have this index engine and people don’t realize that anything MSCI (MSCI +1.3%) can do or S&P (MHFI +1.2%) can do, we can do right now," says Nasdaq (NDAQ +1.5%) CEO Robert Greifeld, foreshadowing maybe the next big thing in indexing ... mergers. "Growing the index business is at the top of our list for 2014, both organically or through acquisitions."
  • Both Greifeld and S&P Dow Jones chief Alex Matturri have recently hinted they're interested in bidding on index businesses, with the operation run by Russell Investments for Barclays maybe being a prime target.
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