Note from the CEO: We'll be posting this story as a reminder every day this week. FintekNews is extremely pleased and excited to announce that it will be one of the world’s first website to follow the new KBW NASDAQ Financial Technology Index on a daily basis. Just launched on July 18th the index will obviously have some evolving to do and we will be right there evolving with it. Because of FintekNews’s partnership collaboration with NASDAQ we are honored to be able to introduce this index to our followers, beginning on Monday, August 22.
FintekNews will post the closing price of the index daily on our website with a few short market comments. It’s new, its cool and it’s fintech.
About KBW NASDAQ Financial Technology Index (KFTX):
The KBW Nasdaq Financial Technology Index is designed to track the performance of financial technology companies that are publicly traded in the U.S. Since financial technology companies are not easily categorized into a single industry group, Index eligibility is not limited to securities within a particular industry classification. Securities eligible for index inclusion leverage technology to deliver financial products and services. Their distribution is nearly exclusively electronic, with limited to no “bricks and mortar,” and their revenue mix is predominantly fee-based. The Index began on July 18, 2016, at a base value of 1000.