Note from the Publisher: Recently, our friends at Nasdaq partnered with KBW to launch the Financial Technology Index (KFTX). FintekNews is devoted to covering this important new industry index for our readers. For now, we'll start with the baseline information from their website that follows, and we'll update and perfect our reporting methodology on this index over the next several weeks.
Source: NasdaqOMX.com
"Overview - 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."
Weighting:
| # | Company Name | Security Symbol |
|---|---|---|
| 1 | ACI WORLDWIDE, INC. | ACIW |
| 2 | ALLIANCE DATA SYS CP | ADS |
| 3 | AMER EXPRESS INC | AXP |
| 4 | BANKRATE, INC. | RATE |
| 5 | BLACK KNIGHT FINL A | BKFS |
| 6 | BLACKHAWK NETWORK HO | HAWK |
| 7 | BOFI HOLDING, INC. | BOFI |
| 8 | BROADRIDGE FIN SOL | BR |
| 9 | CARDTRONICS PLC | CATM |
| 10 | CBOE HOLDINGS, INC. | CBOE |
| 11 | CME GROUP INC | CME |
| 12 | CORELOGIC, INC. | CLGX |
| 13 | ENVESTNET, INC | ENV |
| 14 | EQUIFAX INC | EFX |
| 15 | EURONET WORLDWIDE | EEFT |
| 16 | EVERBANK FINL CORP. | EVER |
| 17 | EVERTEC, INC. | EVTC |
| 18 | FACTSET RESEARCH SYS | FDS |
| 19 | FAIR ISAAC CP | FICO |
| 20 | FIDELITY NAT INF SVC | FIS |
| 21 | FIRST DATA CORP | FDC |
| 22 | FISERV, INC. | FISV |
| 23 | FLEETCOR TECH | FLT |
| 24 | GLOBAL PAYMENTS INC | GPN |
| 25 | GREEN DOT CORP | GDOT |
| 26 | IHS MARKET LTD CMN | INFO |
| 27 | INTERCONTINENTAL XCH | ICE |
| 28 | JACK HENRY & ASSOC | JKHY |
| 29 | LENDINGCLUB CORP | LC |
| 30 | MARKETAXESS HOLDINGS | MKTX |
| 31 | MASTERCARD INC | MA |
| 32 | MOODY'S CORP | MCO |
| 33 | MSCI INC | MSCI |
| 34 | NASDAQ, INC. CMN STK | NDAQ |
| 35 | PAYPAL HOLDINGS | PYPL |
| 36 | S&P GLOBAL INC. | SPGI |
| 37 | SEI INVESTMENTS CO | SEIC |
| 38 | SQUARE, INC. | SQ |
| 39 | SS&C TECHNOLOGIES | SSNC |
| 40 | THE NEW D&B CORP | DNB |
| 41 | THOMSON REUTERS CORP | TRI |
| 42 | TOTAL SYSTEM SVC INC | TSS |
| 43 | VANTIV, INC. | VNTV |
| 44 | VERIFONE SYSTEMS INC | PAY |
| 45 | VERISK ANALYTICS INC | VRSK |
| 46 | VIRTU FINANCIAL CM A | VIRT |
| 47 | VISA INC. | V |
| 48 | WESTERN UNION COMPAN | WU |
| 49 | WEX INC. | WEX |
Industry Breakdown:
| Trade Date | Consumer Services | Financials | Industrials | Technology |
|---|---|---|---|---|
| 8/11/2016 | 8.28% | 42.72% | 34.23% | 12.59 |
Summary:
Last Updated: 8/11/2016
Summary
| Last | 1,031.22 |
| Net Change | 6.82 |
| Net Change(%) | 0.67 |
| Day High | 1,033.02 |
| Day Low | 1,026.31 |
| Previous Close | 1,024.42 |
| Base Value | 1,000.00 |