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Thursday, May 24, 2012
News Making Money

NYSE Euronext Signs First Contract to Manage Three China Securities Indices

09/02/2012 07:22 (105 Day 09:03 minutes ago)

The FINANCIAL -- NYSE Euronext announced that it has agreed with China Securities Index Co., to manage the calculation of three of CSI’s indices: Overseas China Internet Index, Overseas China Consumer Discretionary Index and Overseas China Consumer Staples Index, according to NYSE Euronext.

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Leveraging NYSE Euronext’s operational and listed products expertise, this new initiative represents a significant milestone for the global index services of NYSE Euronext to further expand its index offerings in the Asian region meeting the growing demand to track the performance in Chinese companies.

CSI, the first Chinese index customer, will use the global index services of NYSE Euronext for the maintenance, calculation and distribution of its index values and data for the Overseas China Internet Index, Overseas China Consumer Discretionary Index and Overseas China Consumer Staples Index.

 

Through these three indices market participants can track a portfolio of stocks covering varying sectors of the Chinese economy using the real-time calculation and dissemination services provided by NYSE Euronext. Furthermore, Exchange Traded Products that track these indices are anticipated to list and trade on NYSE Arca, NYSE Euronext’s all-electronic US trading platform.

 

 

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