The FTSE/MV Exchanges Index will measure the progress of the new and rapidly-developing exchanges sector. It will include the leading listed exchanges worldwide, such as the London Stock Exchange, Euronext, Deutsche Börse and the Australian Stock Exchange.
Mark Makepeace, FTSE's Chief Executive commented, "The newly listed exchanges will be competing for cross-border liquidity in a worldwide marketplace. This will be a global sector from day one, and international investors will want tools to track and measure the performance of individual stocks and the sector as a whole. The FTSE/MV Exchanges Index will benefit from FTSE's well-established expertise in creating internationally recognised transparent indices."
Herbie Skeete, Editor of the Handbook of World Stock, Derivative and Commodities Exchanges, commented, "As exchanges and other trading venues open up to outside shareholders, it's clear that we are witnessing the birth of a significant new market sector - and one that serious investors can't ignore. This new index will be the benchmark by which exchanges will be judged. It will help investors to plan and monitor their strategies. It will help the management of newly listed exchanges to compare their performance. And by focusing the attention of the market on the sector, it will give the shares of these exchanges a better chance of success."
