S&P Dow Jones Indices
|S&P Dow Jones Indices|
|Key People||Alex Matturri, CEO|
|Products||financial index publisher|
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.
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.
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.
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.
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.
- Alex Matturri, CEO
- Robert Shakotko, managing director, S&P Dow Jones Indices
- Jamie Farmer, managing director, index investment strategy
- S&P Dow Jones Indices Broadens Family of Global Infrastructure Indices Into Bonds. MarketWatch.
- CME-McGraw-Hill Launch S&P-Dow Jones. Zachs.
- CBOE Holdings And S&P Dow Jones Indices Extend Licensing Agreement Through 2033. press release.
- Index Licensing. S&P Dow Jones Indices.