Update: Nasdaq Merges Data, Index Divisions to Create $400M ‘Diversified’ Info Business
Nasdaq OMX’s decision to combine its Global Data Products and Global Index Group businesses into a single division will make it easier for the exchange to develop and distribute new products, while streamlining its operations and the way it approaches clients, officials say.
The new group, dubbed Global Information Services, will be headed by John Jacobs, formerly executive vice president of the Global Index group and chief marketing officer, and will comprise around 100 dedicated staff, though
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