NEW YORK, June 16, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced it had sold to FTSE Group its 50% interest in Industry Classification Benchmark (ICB), a sector classification system.
Dow Jones Indexes said it plans to immediately implement a new proprietary classification standard, based on the ICB system, for its own indexes as well as for indexes it calculates, maintains and disseminates for clients.
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About Dow Jones Indexes
Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV).
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