BSE and S&P Dow Jones Indices Announce Strategic Partnership in India
MUMBAI, India and NEW YORK, Feb. 19, 2013
MUMBAI, Indiaand NEW YORK, Feb.19, 2013 /PRNewswire/ --BSE and S&P Dow
Jones Indices announced today a strategic partnership to calculate,
disseminate, and license the widely followed suite of BSE indices. The
partnership brings together BSE's closely watched India index suite, which
includes the SENSEX, with S&P Dow Jones Indices' 115 years of experience in
publishing uncompromised global benchmarks.
The BSE, the oldest exchange in Asia established in 1875, 137 years ago,
currently maintains 30 stock market indices measuring the Indian market. The
SENSEX is the flagship index of BSE launched in 1986 on a market-cap weighted
basis to measure the performance of 30 component stocks representing large,
well-established, and financially sound companies across key sectors in India.
The Index is one of the most prominent brands among Indian investors.
The partnership allows S&P Dow Jones Indices to further implement its South
Asia growth strategy. It also permits S&P Dow Jones Indices to have a fourth
major operational hub by which to support clients globally, with major
operations in Hong Kong, London, New York, and now India. Over USD $1.5
trillion is directly indexed to S&P Dow Jones Indices' family of stock market
indices as of Dec. 31, 2011.
"We expect our partnership with S&P Dow Jones Indices will help BSE raise the
growing global acceptance of the SENSEX and other BSE index benchmarks, and
help BSE achieve a leadership position in the index derivatives space," says
Ashish Chauhan, MD and CEO of BSE. "We are also very excited about the
potential to build an India-based international business together than can
achieve much greater scale and efficiency in serving our joint customers
"This partnership fortifies and expands BSE and S&P Dow Jones Indices'
presence in India and in South Asia, while providing a springboard for our
efforts in the ASEAN region with an important exchange partner that
understands this critical segment of the market," says Alexander Matturri,
Chief Executive Officer of S&P Dow Jones Indices. "Coupling the BSE's strong
knowledge of the Indian market and investor interests with S&P Dow Jones
Indices' uncompromised history of providing leading stock market indices, the
new partnership will immediately provide Indian and international investors
with the index solutions and insight they need to make well-informed
Effective today, each of the BSE indices will be co-branded "S&P" including
the SENSEX, BSE 200 and BSE 100. These indices will join S&P Dow Jones
Indices' other iconic financial market indicators such as the S&P 500®, the
Dow Jones Industrial Average®, the S&P/TSX 60, and the S&P/ASX 200 in
providing global investors with must-have views of the overall health and
direction of the world's financial markets.
To learn more about the BSE, please visit: www.bseindia.com. To learn more
about S&P Dow Jones Indices, please visit: www.spdji.com.
BSE (formerly Bombay Stock Exchange Ltd.) - Established in 1875, 137 years
ago, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia's first
Stock Exchange and one of India's leading exchange groups and has played a
prominent role in developing the Indian capital market. BSE is a corporatized
and demutualised entity, with a broad shareholder-base which includes two
leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic
partners. BSE provides an efficient and transparent market for trading in
equity, debt instruments, derivatives, mutual funds. It also has a platform
for trading in equities of small-and-medium enterprises (SME). BSE also
provides a host of other services to capital market participants including
risk management, clearing, settlement, market data services and education. It
has a global reach with customers around the world and a nation-wide presence.
BSE systems and processes are designed to safeguard market integrity, drive
the growth of the Indian capital market and stimulate innovation and
competition across all market segments. It operates one of the most respected
capital market educational institutes in the country (the BSE Institute Ltd.).
BSE also provides depository services through its Central Depository Services
Ltd. (CDSL) arm.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., is
the world's largest, global resource for index-based concepts, data and
research. Home to iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average^SM,S&P Dow Jones Indices LLC has over 115
years of experience constructing innovative and transparent solutions that
fulfill the needs of institutional and retail investors. More assets are
invested in products based upon our indices than any other provider in the
world. With over 830,000 indices covering a wide range of assets classes
across the globe, S&P Dow Jones Indices LLC defines the way investors measure
and trade the markets. To learn more about our company, please visit
Standard & Poor's and S&P are registered trademarks of Standard & Poor's
Financial Services LLC ("S&P"), a subsidiary of The McGraw-Hill Companies,
Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC
("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices
LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices
LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow
Jones Indices") do not sponsor, endorse, sell, or promote any investment fund
or other investment vehicle that is offered by third parties and that seeks to
provide an investment return based on the performance of any index. This
document does not constitute an offer of services in jurisdictions where S&P
Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices
receives compensation in connection with licensing its indices to third
SOURCE S&P Dow Jones Indices
Contact: BSELtd Marketing Communications, Yatin Padia, 98330 10098, Ketan P.
Mehta, 98209 42920, firstname.lastname@example.org; David R. Guarino, Communications,
S&P Dow Jones Indices, +1-201-755-5334, email@example.com
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