Jan. 15 (Bloomberg) -- Distribution of Russell Investments’ real-time data feed for its indexes, which serve as benchmarks for $3.9 trillion in investments, will switch to NYSE Euronext as the two firms plan to create new options on the gauges.
NYSE Euronext will be the primary source of intraday data on measures such as the Russell 2000 Index through a service called RussellTick, according to a statement from both companies today. Russell previously distributed the data through Nasdaq OMX Group Inc. The Russell-NYSE Euronext deal also involves a commitment to develop new services and products, such as index-based options, the statement said.
Exclusive rights to trade Russell stock-index futures are held by IntercontinentalExchange Inc., the energy and commodity futures bourse that last month agreed to acquire NYSE Euronext in a $8.2 billion deal.
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