Nasdaq(US:NDAQ) Xin Lang Cai Jing·2025-10-24 02:28Core Viewpoint - The collaboration between Nasdaq and Quant360 aims to provide high-quality data services for quantitative private equity firms in China, addressing challenges in the U.S. stock market data quality and depth [8][14][15]. Industry Overview - The quantitative private equity industry in China has seen rapid growth, with 45 firms reaching over 10 billion yuan in assets by August 2025, accounting for nearly half of the total number of such firms in the country [8]. - The number of registered quantitative products has doubled year-on-year, indicating a strong development trend in quantitative strategies [8]. Challenges Faced - Chinese quantitative private equity firms face two main challenges in the U.S. stock market data: 1. Data quality is inconsistent, making it difficult to ensure accuracy and completeness [9][14]. 2. Ordinary Level-2 data does not provide sufficient market depth information, which affects strategy precision [15]. Solution Provided - Nasdaq TotalView offers a comprehensive view of market supply and demand by disclosing detailed information on all buy and sell orders, helping investors assess market dynamics [14]. - Quant360 enhances this by providing high-quality, efficient, standardized, and customizable data technology services [14]. - The partnership will facilitate access to Nasdaq TotalView data through various integration methods, including API connections and Excel exports, supported by a dedicated technical support team [15]. Future Outlook - Nasdaq and Quant360 plan to deepen their collaboration to continuously provide quality data services for quantitative investment firms, promoting the growth of the quantitative investment industry in the global market [15].