S&P Dow Jones Indices Announces Changes to U.S. Indices Intraday Calculations

Mar 01, 2016, 13:06 ET from S&P Dow Jones Indices

NEW YORK, March 1, 2016 /PRNewswire/ -- S&P Dow Jones announces its intention to make the following changes to its intraday calculation of all real-time indices with U.S. listed securities including the Dow Jones Industrial Average and S&P 500:

  • Intraday index calculations will be based on prices from the Consolidated Tape of all recognized US exchanges and trading venues as determined by the Consolidated Tape Association ("CTA"), which oversees the dissemination of real-time trade information.

Currently, only primary market trades for each U.S. constituent stock are included in real-time index calculations during normal market conditions. The decision to make these changes is based on analysis of market conditions by S&P DJI as well as consultations with investors, financial market experts and other market participants. To provide for future market growth and increased trading volumes, this change will be introduced with a system upgrade and expansion currently planned for the fourth quarter of 2016.

Following this change, all eligible trades as reported through the Consolidated Tape will be included in intraday index calculations for all indices covering U.S. equities. The Consolidated Tape includes trades executed on each stock's primary market as well as other trading venues as determined by the CTA.

This change is only applicable to intraday index calculations. Consistent with current practices: Closing index values as well as other settlement calculations, including the Special Open Quotation ("SOQ"), will continue to be computed using primary exchange pricing only.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

About S&P Dow Jones Indices 
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information: 
S&P Dow Jones Indices
(+1) 212 438 2046
Soogyung Jordan
Head of Communications
New York, USA 
(+1) 212 438 2297

SOURCE S&P Dow Jones Indices