"At Russell we want to provide our clients a choice of classification systems and other investment tools," said Lori Richards, director, Russell Index Client Service. "The Industry Classification Benchmark offers them an amazing depth of data for global portfolio analysis."
ICB is now in use by major stock exchanges, data distributors, index providers, buy side and sell side institutions, custodians and media organizations globally. In total , over 50 global financial organizations have integrated ICB into their products and services, including NASDAQ, the New York Stock Exchange, UBS, Fitch Inc., FactSet, Telekurs, Thomson Financial, Markit Group, and the World Economic Forum, as well as media outlets including the Financial Times, The Wall Street Journal, CNBC and Dow Jones Newswires.
ICB offers broad, global coverage of companies and securities and classifies them based on revenue, not earnings. The structure is based on 10 industries, 18 supersectors, 39 sectors and 104 subsectors.
James Cemprola, Managing Director, ICB commented, “We identified a clear commercial demand for a flexible and viable global solution to existing classification systems. ICB has been developed specifically to meet that need, and we’re delighted with the rapid acceptance by the financial services industry. ICB is set to become the industry standard in 2006”.
More information about ICB is available at www.icbenchmark.com
