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Global index provider FTSE Group (“FTSE”) today extends its domestic coverage of developed markets with the introduction of a new specially designed index series for the Italian equity market, the FTSE Italia Series. The FTSE Italia Series offers international and domestic investors new opportunities to track, analyse and invest in Italy’s dynamic equity market.
FTSE is proud to be selected by Borsa Italiana as its preferred index provider, and to assume responsibility for its blue chip index, now known as FTSE MIB. Alongside this world famous market indicator, FTSE has also designed and introduced an integrated set of new indices, which replace the former Borsa Italiana informative indices. From today, detailed Italian market data, calculated in line with current international standards and covering a range of defined segments and sectors will be distributed globally on a real-time and end of day basis.
To further support market participants and attract international investor attention to the Italian market, FTSE has also opened a new office in Milan, to allow it to work closely with Italian market participants. Southern Europe Director, Pito Nadal, will head this office and assume day to day responsibility for FTSE’s presence in the country.
Commenting on today’s news, Chris Broad, FTSE Chief Operating Officer said “FTSE aims to be the number one index provider worldwide. We are delighted to have this opportunity to work closely with market participants in Italy and to developing innovative new index tools to meet their requirements.”
