NYSE And Dow Jones Indexes Announce Agreement To Calculate Nyse Indexes

NEW YORK, January 28, 2002 - The New York Stock Exchange has signed an agreement with Dow Jones Indexes, a unit of Dow Jones & Co. (NYSE:DJ), to develop and maintain a family of indexes, the first of which is expected to be launched in the first quarter of 2002. The collaboration marks a significant step towards the creation of a diversified family of NYSE-branded indexes. NYSE Indexes will track the performance of NYSE-listed companies in key market sectors and regions and will be the basis for tradable products, including ETFs, to be launched in the future.

"As industry leaders, the NYSE and Dow Jones are ideal organizations to create and calculate these benchmark indexes," said Catherine Kinney, NYSE president and co-chief operating officer. "Dow Jones' vast experience means NYSE indexes are being managed by the best in the business."

"Dow Jones & Co. has a strong history in the index calculation business dating back to the creation of the Dow Jones Averages. This new relationship with the New York Stock Exchange, the premier equity exchange in the world, allows us to continue to leverage our expertise of modern and innovative index calculation," said David E. Moran, president, Dow Jones Indexes."NYSE's adoption of the Dow Jones Global Classification Standard to categorize its listed companies is a significant confirmation of the Dow Jones system."

The indexes will be maintained according to a transparent, rules-based methodology developed by the NYSE in consultation with Dow Jones. Additionally, the NYSE will adopt the Dow Jones Global Industry Classification Standard to categorize its listed companies. As a result, whenever listed companies are categorized by the NYSE it will be consistent with their NYSE Index sector categorization.

The Exchange is home to more than 2,800 companies whose total global market capitalization exceeds $16 trillion. NYSE-listed companies—including more than 460 non-US from 53 countries, range from "blue chip," to many of the world's leading technology companies, to young, high-growth enterprises.

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Posted in: Product Announcement

Tagged as: ETF, Exchange Traded Fund