FTSE Russell

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FTSE Russell
FTSE Russell logo.png
Headquarters 10 Paternoster Square, EC4M 7LS, London

FTSE Russell headquarters map in London

Key People Mark Makepeace, CEO, FTSE Group
Products Financial indexes, benchmarking, data and analytics
Twitter @LSEplc
LinkedIn Profile
Youtube Chanel
Website www.ftserussell.com

FTSE Russell, a wholly owned subsidiary of the London Stock Exchange Group, is a global index leader that provides benchmarking, analytics and data for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market. Approximately $10 trillion is currently benchmarked to FTSE Russell indexes. FTSE Russell indexes are used by asset owners, asset managers, ETF providers and investment banks to benchmark their investment performance and create ETFs, structured products and index-based derivatives.[1]

Background

LSE Group's involvement in the index business dates back to 1984, when the exchange began calculating the FTSE 100 Index for the Financial Times' former parent company Pearson. The index team was spun off into a joint venture in 1995.[2] In December 2011, LSE Group agreed to a £450 ($705 million) acquisition of Pearson's 50 percent ownership to become the sole owner of the index group.[3]

In June 2014 the LSE agreed to buy The Frank Russell Company for £1.59 billion ($2.7 billion). The purchase was the largest one in the LSE's history and and gave it the opportunity to attract trading in securities and derivatives that track the Russell indices.[4] It also brought together about $9 trillion of assets benchmarked globally and made LSE the No. 2 player in U.S.-listed exchange traded funds.[5] The deal closed at the end of 2014.[6]

In February 2015, LSE Group entered into a licensing agreement with CBOE to develop and list options based on existing FTSE and Russell Indices. Cash-settled options on the flagship Russell 2000 began trading on CBOE as of April 1, 2015, and in October 2015, the options exchange began offering options on other Russell index products including the Russell 1000 Index (RUI), the Russell 1000 Value Index (RLV) and the Russell 1000 Growth Index (RLG)[7]

When the exchange group acquired Frank Russell, it also inherited Russell Investments, the firm's asset management division which held, at the time of acquisition, about $262 billion under management. Soon after the acquisition was completed, LSE Group put the asset management division up for sale. In October 2015, LSE agreed to a $1.15 billion cash sale to an investment group led by U.S. private equity group TA Associates.[8]

FTSE Explains: What is an Index?, June 2014

Product Groups

FTSE Russell index products can be divided into the following categories:

  • Market capitalization-weighted indexes such as the FTSE UK, Russell US (1000, 2000, 3000), FTSE China and FTSE Global Equity
  • Factor-based indexes
  • Alternatively-weighted indexes such as the Minimum Variance, GDP Weighted, and Equal Weight index classes
  • Fixed income
  • Currency
  • ESG (Environmental, Social and Governance)

A full list of FTSE Russell index products can be found HERE.

FTSE Russell services include:

  • Real time index dissemination
  • Exchange traded funds (ETF)s
  • Derivatives, including futures and options on FTSE- and Russell-based indexes
  • Data packages and data licenses

Office Locations

FTSE Global Office Map

United States

New York 1270 Avenue of the Americas, 28th Floor, New York, NY 10020 T: +1 866 551 0617

Boston One International Place, 14th Floor, Boston, MA 02110 T: +1 866 551 0617

Chicago 30 South Wacker Drive, Suite 2251, Chicago, IL 60606 T: +1 866 551 0617

Fort Mill 580 Kingsley Park Drive, Suite 300, Fort Mill, SC 29715 T: +1 866 551 0617

San Francisco One Market Plaza, Spear Tower, Suite 3646, San Francisco, CA 94104 T: +1 866 551 0617

Seattle 1201 3rd Avenue, Suite 2500, Seattle, WA 98101 T: +1 866 551 0617

Brazil

Rio de Janerio Praia de Botafogo 228, 16 andar, Sala 1623, Rio de Janeiro, RJ 22250-040 T: + 5521 3736 3726

Canada

Toronto 70 York Street, Suite 1520, Toronto, ON M5J 1S9 T: +1 866 551 0617

Mexico

Mexico City Paseo de los Tamarindos 400ª, 5 piso., Col. Bosques de las Lomas, Mexico City, C.P. 05120 T: +52.55.33005108

United Kingdom

London 10 Paternoster Square, EC4M 7LS, London +44 (0) 20 7866 1810

Edinburgh 160 Dundee Street, EH11 1DQ, Edinburgh

France

Paris 18 rue du 4 Septembre, 75002 Paris

Italy

Milan Piazza Affari 6, 20123 Milan +39 02 72426641

Hong Kong SAR

Hong Kong Suites 3506 - 3508, 35th Floor, Two Exchange Square, 8 Connaught Place, Central +852 2164 3200

Australia

Sydney Level 36, Governor Phillip Tower, 1 Farrer Place, Sydney, NSW 2000 +61 (0) 2 8823 3521

China

Beijing Unit 1232, Level 12, China Resources Building, 8 Jianguomenbei Avenue, Dongcheng District, Beijing 100005 (8610) 5811 1918

Shanghai Room 3127, 31/F Jin Mao Tower, 88 Century Avenue, Pudong, Shanghai, PRC 200120 +86 (0)21 2890 9720

Japan

Tokyo Otemachi First Square East Tower 11F, 1-5-1 Otemachi, Chiyoda-ku, Tokyo, 100-0004 T: + 81 (3) 4563 6346

Singapore

Singapore Level 18, Centennial Tower, 3 Temasek Boulevard, Singapore 039190

Taiwan

Taipei 13th Floor, No 1, Songzhi Road, Taipei, 110, Taiwan + 886-2-8726-9778

Dubai U.A.E.

Dubai Office 50, Level 15, The Gate, PO Box 121208, Dubai

References

  1. About Us. FTSE Russell.
  2. LSE to Buy Rest of FTSE. The Wall Street Journal.
  3. Pearson sells £450m stake in FTSE to London Stock Exchange. The Telegraph.
  4. LSE: A bigger cheese. The Financial Times.
  5. London Stock Exchange to Buy U.S. Asset Manager Frank Russell for $2.7 Billion. The Wall Street Journal.
  6. LSE to conclude Russell deal within weeks. The Financial Times.
  7. CBOE Holdings to Launch New Options on Three FTSE Russell Indexes October 20. CBOE.
  8. LSE to Sell Russell Investments for $1.15 Billion. The Wall Street Journal.