FTSE Group

FTSE International Limited trading as FTSE Russell[nb 1] (/ˈfʊtsi/) is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf.[1] It operates the well known UK FTSE 100 Index as well as a number of other indices.[2] FTSE stands for Financial Times Stock Exchange.

FTSE
TypeSubsidiary
IndustryFinance
Founded1995 (1995)
Headquarters10 Upper Bank Street
London, England, UK
Key people
Waqas Samad (CEO)
ProductsFinancial indices
ParentLondon Stock Exchange Group
Websiteftserussell.com

History

The FTSE Group was created in 1995 by Pearson (former parent of the Financial Times) and the London Stock Exchange Group.

In 2010, the joint venture with Xinhua Finance was terminated,[3] the index series was renamed into FTSE China Index Series; the Hong Kong incorporated company was renamed to "FTSE China Index Limited".

In 2011, Pearson sold its stake to LSE.[4][5]

Main business

FTSE Group operates 250,000 indices calculated across 80 countries and in 2015 was the number three provider of indices worldwide by revenue. FTSE Group earns around 60 per cent of revenue from annual subscription fees and 40 per cent from licensing for index-based products.

Clients include both active and passive fund managers, consultants, asset owners, sell-side firms and financial data vendors. FTSE’s products are used by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE’s indices to create ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.

Fees from the use of index information and associated services generate revenues necessary to continue operations. FTSE has offices in London, New York City, Paris, Frankfurt, Madrid, Milan, San Francisco, Beijing, Sydney, Tokyo, Hong Kong and Toronto.

Products

FTSE Group operates the well known FTSE 100 Index and FTSE 250 Index as well as over 200,000 other indices, including 600 real-time indices. There are seven main groups of indices: Global Equity, Regional and Partner, Fixed Income, Real Estate, Alternative Investment, Responsible Investment, and Investment Strategy.

Other indices

See also

Footnotes
  1. Shared the trading name with sister company Frank Russell Company

References
  1. FTSE - London Stock Exchange
  2. London Stock Exchange (2007), Interim Report: Six months ended 30 September 2007 (PDF), archived from the original (PDF) on 2008-08-27
  3. 2010 Annual Report of FTSE International Limited in Companies House
  4. Halliday, Josh (2011-12-12). "Pearson to sell FTSE stake for £450m". The Guardian. ISSN 0261-3077. Retrieved 2014-07-25.
  5. London Stock Exchange (2014), Annual Report 2014 ended at March
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