FTSE Group

FTSE Logo.svg
FTSE International Limited (usually pronounced as /ˈfʊts/ FUUT-see) trading as FTSE Group and FTSE Russell, is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates the well known UK FTSE 100 Index and the Russell 2000 as well as a number of other indices. FTSE stands for Financial Times Stock Exchange.

The FTSE Group was created in 1995 by Pearson (former parent of the Financial Times) and the London Stock Exchange Group.

In 2010, the joint venture with Xinhua Finance was terminated, the index series was renamed into FTSE China Index Series; the Hong Kong incorporated company was renamed to "FTSE China Index Limited".

In 2011, Pearson sold its stake to LSE.

FTSE Group operates 250,000 indices calculated across 80 countries and in 2015 was the number three provider of indices worldwide by revenue. FTSE Group earns around 60 per cent of revenue from annual subscription fees and 40 per cent from licensing for index-based products.

Clients include both active and passive fund managers, consultants, asset owners, sell-side firms and financial data vendors. FTSE’s products are used by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE’s indices to create ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.

This page was last edited on 9 June 2018, at 07:01 (UTC).
Reference: https://en.wikipedia.org/wiki/FTSE_Group under CC BY-SA license.

Related Topics

Recently Viewed