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NYSE to sign contract to manage 3 Security Indices of China Security Indicies CSI

NYSE Euronext (NYX) today announced that it has agreed with China Securities Index Co., (CSI) 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. 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.

Having CSI, one of China’s leading index providers, select NYSE Euronext’s Global Index Group as their index provider of choice is a testament to the growing momentum of our value in the indexing space,” said, George Patterson, Managing Director, Global Index Group. “This new relationship further underscores NYSE Euronext’s commitment to expand our index services to Asian markets and other key regions around the globe.”

For the methodologies for calculation of the Overseas China Internet Index, Overseas China Consumer Discretionary Index and Overseas China Consumer Staples Index, as well as more information on the indices, please visit the CSI website: http://www.csindex.com.cn/sseportal_en/csiportal/zs/indexreport.do?type=1

Source:MondoVision, 08.02.2012

Filed under: China, Data Management, Exchanges, , ,

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