S&P Dow Jones Indices

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S&P Dow Jones Indices
S&PDJI.jpg
Founded July 2012
Headquarters New York
Key People Alex Matturri, CEO
Products financial index publisher
Website http://www.djindexes.com
Releases Company News

S&P Dow Jones Indices is a joint-venture which is 27 percent owned by CME Group and 73 percent owned by McGraw-Hill. The partnership, announced in July 2012, provides licensing of benchmark indices, several of which are offered by CME Group as listed contracts. S&P Dow Jones Indices is part of McGraw Hill Financial, a financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions and analytics. The Company's brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, and J.D. Power.

Background

The combined business publishes 1,000,000 indices. As of the July 2015, 638 exchange traded funds with $813 billion in assets are based on indices published by S&P Dow Jones Indices. As of year-end 2014, assets of more than $7.8 trillion are benchmarked to the S&P 500 with $2.16 trillion of that figure directly indexed via exchange traded funds (ETFs), mutual funds, and other investment product structures.[1]

The deal followed CME's purchase of News Corp.'s Dow Jones stock index business in 2010. CME owned a 90 percent stake in that joint-venture with News Corp. Also, as part of the S&P Dow Jones Index agreement, CME sold its stake in Credit Market Analysis (CMA) to McGraw-Hill, a provider of data on the OTC credit markets.[2]

S&P Dow Jones Indices derives some revenue from CME Group's equity index trading and clearing volume, including swaps. The deal also extended the exclusive licensing agreement with CME Group on S&P and Dow indices through December 17, 2017.

In March of 2013, CBOE Holdings renewed their exclusive license agreement with S&P Dow Jones Indices to list the S&P 500 index options contract (SPX) until 2031, with non-exclusive listing rights through 2033.[3]

Products and Services

The firm offers licenses to its indices to institutions for ETFs, mutual funds, exchange-traded derivatives, and structured products. It also licenses index data and provides custom index services.[4]

Key People


References

  1. S&P Dow Jones Indices Broadens Family of Global Infrastructure Indices Into Bonds. MarketWatch.
  2. CME-McGraw-Hill Launch S&P-Dow Jones. Zachs.
  3. CBOE Holdings And S&P Dow Jones Indices Extend Licensing Agreement Through 2033. press release.
  4. Index Licensing. S&P Dow Jones Indices.