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 worldwide. 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 analysis. 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 clients." More information about the Industry Classification Benchmark is available at www.icbenchmark.com. 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 indexes. 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