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KBW and Nasdaq Launch Financial Technology Index

NEW YORK--(BUSINESS WIRE)--Keefe Bruyette & Woods (KBW), a Stifel company (NYSE:SF), and Nasdaq (NASDAQ:NDAQ) today announced the launch of the KBW Nasdaq Financial Technology Index (Ticker: KFTX), a preeminent index designed to precisely track the performance of those companies that leverage technology to deliver financial products and services. Their distribution is nearly exclusively electronic, with limited or no “bricks and mortar,” and their revenue mix is predominantly fee-based. These firms leverage new assets such as advanced data aggregation and analysis, innovative technology, and creative thinking.