The Financial Post reports in its Wednesday edition that Shopify is making moves that could allow it to enter major stock indexes, which would direct a flood of investor money into shares of the e-commerce platform. A Bloomberg dispatch to the Post says Shopify is set to transfer its U.S.-listed shares from the New York Stock Exchange to start trading on the Nasdaq Global Select Market from March 31. The move could pave the way for a spot in the tech-heavy Nasdaq 100 Index, which is designed to track the performance of the hundred largest Nasdaq-listed non-financial companies. "Being included in that index would equate to more buying power for a stock," said Matthew Maley at Miller Tabak and Co., citing inflows into funds tracking the Nasdaq 100 in recent years. Shopify, which has a larger market capitalization than all but 24 Nasdaq-listed stocks, has risen 16 per cent -- more than the broader index -- since announcing last week that it would transfer its U.S.-listed shares to the marketplace. Even after Shopify moves to Nasdaq, it will continue to have a dual listing in Toronto. Inclusion in benchmarks is becoming more important for companies in a world increasingly dominated by passively managed investment funds.