NEW YORK, December 20 /PRNewswire/ -- FTSE Group ("FTSE"), will adopt the
Industry Classification Benchmark (ICB) as its main classification system for
companies and industries within its indexes and data products, beginning
January 2, 2006. ICB is a four-tier hierarchical industry classification
structure centered on a rules-based methodology for placing listed companies
and securities within sectors. ICB was launched in January 2005 and the
system is a partnership of Dow Jones Indexes and FTSE Group.
By integrating ICB into their infrastructure, FTSE index users will have
the opportunity to access the market's most innovative and flexible industry
classification structure. ICB has become a common standard used by the
world's major stock exchanges, index providers, financial information and
market data distributors, as well as publishing and media organizations
Throughout 2005, ICB has established itself as the market's preferred
classification system. It is designed to offer the financial industry a
unified and comprehensive means of classifying 40,000 companies and 45,000
securities around the world. It allows users to monitor broad trends, focus
on small market niches, and also perform qualitative and quantitative
Mark Makepeace, Chief Executive, FTSE Group said, "FTSE clients will
benefit from the additional features and transparency that ICB offers, and
will already be aligned to the systems of major stock exchanges and financial
institutions around the globe, which now also use ICB."
"ICB offers comprehensive global coverage and an innovative
classification structure that appeals to clients across the investment
community," said James Cemprola, managing director of ICB. "ICB serves as a
versatile tool and will bring added expertise and value to FTSE and its
More information about the Industry Classification Benchmark is available
Note to Editors:
About Industry Classification Benchmark (ICB)
ICB is the new global solution for industry classification. A joint
effort of FTSE Group (FTSE) and Dow Jones Indexes, ICB is a comprehensive
system for sector and industry analysis, facilitating the comparison of
companies across four levels of classification. The system is supported by
the ICB global database which contains over 40,000 companies and 45,000
securities worldwide. For more information about ICB, visit
www.icbenchmark.com. Fore more information about FTSE, visit www.ftse.com;
for more information about Dow Jones Indexes, visit www.djindexes.com.
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes.
With offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York, San
Francisco, Boston, Shanghai, Beijing and Tokyo, FTSE Group services clients
in 77 countries worldwide. It calculates and manages the FTSE Global Equity
Index series, which includes world-recognised indexes ranging from the FTSE
All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as
well as domestic indexes such as the prestigious FTSE 100. The company has
collaborative arrangements with the Athens, AMEX, Cyprus, Euronext,
Johannesburg, London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura
Securities, Hang Seng and Xinhua Finance of China. FTSE has also developed
ICB, a single sector classification system for global investors, in
conjunction with Dow Jones Indexes.
Real-time FTSE indices are calculated on systems managed by Reuters.
Reuters also supplies prices and FX rates used in the index calculations.
About Dow Jones Indexes
Dow Jones Indexes is part of Dow Jones & Company, which publishes the
world's most vital business and financial news and information. Dow Jones
Indexes is a premier global provider of investable indexes, including the Dow
Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans
Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together
with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow
Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and
its size, style, and sector indexes. Dow Jones Indexes also offers a number
of specialty indexes including hedge fund, commodity and credit derivative
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ;
dowjones.com) publishes The Wall Street Journal and its international and
online editions, Barron's and the Far Eastern Economic Review, Dow Jones
Newswires, MarketWatch and the Ottaway group of community newspapers. Dow
Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney
and with NBC Universal of the CNBC television operations in Asia and Europe.
Dow Jones also provides news content to CNBC and radio stations in the U.S.
SOURCE FTSE Group