As a part of the RIXML organisation, ICB will participate as an Associate Member, which is a membership category that encourages all industry participants to get involved in the development and implementation of the standard. As an Associate Member, ICB will work closely with existing members to broaden the scope and increase the adoption of RIXML as the global standard for investment research.
“RIXML.org is a well-established and credible industry association of buy and sell-side firms that have been working together for nearly five years,” said James Cemprola, managing director of ICB “We are delighted to join RIXML as an associate member, as this represents an important strategic development for ICB. This is a great opportunity for us to offer the investment community a comprehensive, alternative solution for worldwide industry classification.” “ICB is a great addition to the RIXML organisation,” said Andrew Ling of UBS and sell-side co-chair of the RIXML.org Steering Committee. “Even though it recently launched, ICB has already been adopted by exchanges, index calculators, and financial service providers across the globe. It serves as a versatile tool for global sector analysis and will bring a tremendous amount of expertise and value to our organisation, especially as we look to expand RIXML and foster greater adoption across the industry.”
ICB was launched in January 2005 as a joint effort between the two leading index providers, Dow Jones Indexes and FTSE and represents a global classification solution covering 40,000 companies and 45,000 securities worldwide. It allows users to monitor broad trends, focus on small market niches, and also perform qualitative and quantitative analysis.
For more information on ICB please visit www.icbenchmark.com
