Investors can track share and fund prices with a new free and live streaming stock market index set to rival the FTSE 100.
The tracker launched by financial data firm Bats Europe featuring 18 indices covering small to large cap companies and 12 industry sectors.
Investors can sign in to view the tickers for free – and gain real-time information unlike that offered by the FTSE which has a 15-minute delay.
Each index is set with the same base value with historical statistics going back to December 31, 2010.
“A lot can happen in 15 minutes on the stock markets, so investors now have extra time to see what is happening in real time with our indices,” said Bats Europe CEO Mark Hemsley.
Real time information
“This new venture will let them make better informed decisions about buying and selling that they cannot at the moment.
“As a company, we are always seeking to make market information better and more cost effective for investors and financial institutions.”
Several leading wealth management and stockbroking firms have helped develop the Bats indices.
They include trading platforms such as Hargeaves Lansdown, AJ Bell and Charles Stanley Direct and financial provider Alliance Trust Savings.
Sara Wilson, Head of Platform Proposition at Alliance Trust Savings, said: “The launch is extremely positive news for the industry, giving investors the chance to access real-time stock market information from a respected source. Having been closely involved with the project since inception, we look forward to making this additional data available to our customers.”
Rival for FTSE
The FTSE has been regarded as the primary London stock market index since 1984. However, the data has a 15-minute delay for subscribers, so investors and traders are always viewing historical data, and this is after the market has closed at the end of the day.
The FTSE is owned by a subsidiary of the London Stock Exchange and operated as a joint venture with the Financial Times newspaper.
The rival trackers will offer investors and traders different views of the market with different timescales and different company samples.
The FTSE also costs investors, traders and other users a subscription to view the data.
