Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced it will be expanding the NYSE family of indices with the launch of a next generation U.S. technology index and additional indices providing exposure to NYSE-listed companies, showcasing the performance of the NYSE Community.
With the coming launch of the NYSE Elite Tech 100 Index planned for later this month, ICE leverages its deep background innovating in the thematic index space to launch a new tech-focused index that is designed to offer a more precise solution to complement investors’ need for a purer technology leaders benchmark. The new index will include companies listed on all U.S. exchanges including leaders at the NYSE, update its composition more dynamically including with quicker inclusion of IPOs, and include only highly liquid and investable constituents.
In addition, ICE will be expanding on its existing suite of indices exclusively containing NYSE-listed companies, while also highlighting the recent debut of the NYSE Texas exchange. The new indices include:
- Equal weight versions of the existing NYSE Composite, U.S. 100, International 100, World Leaders and TMT indices, providing greater exposure to small/mid capitalization companies;
- Expansion of the NYSE Composite Index family to include float market capitalization and equal weight sector indices based on ICE Uniform Sector classifications, building on the success of the NYSE Energy Index and NYSE Financials Index; and
- Introduction of Texas-specific indices including an NYSE Texas listed company index and another index containing companies either headquartered or incorporated in the state.
"Throughout its 30-year history, the ETF industry has transformed into a key component of the market, providing efficient access to trends for a broad base of investors," said Lynn Martin, President of NYSE Group. "The NYSE’s community of listed companies have consistently been at the forefront of innovation within their industries, and their inclusion in these indices can provide investors with the opportunity to benefit from that innovation through highly liquid and transparent instruments."
With over $2 trillion in assets under management benchmarked to ICE Indices, ICE has deep expertise administering and publishing indices that are used throughout global markets. Its broad offering includes over 7,000 fixed income, equity, currency, commodity and mortgage indices that are trusted by market participants around the world and backed by a 50-year track record.
For more information about the new indices to be administered by ICE Data Indices, please visit ICE’s Index Solutions.
These are proposed indices that are not currently live or finalized. The proposed index methodology and information in this press release are provided in draft form, are subject to change, and must undergo final review and approval.
