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Dow Jones Indexes, a leading global index provider, today announced that Clare Hart, executive vice president, Dow Jones & Company, and Michael A. Petronella, president, Dow Jones Indexes, will ring the opening bell along with Mayor Richard M. Daley at the Chicago Board Options Exchange (CBOE), on October 5, 2007, to commemorate the 10th anniversary of trading in options on the Dow Jones Industrial Average at the Exchange.
This year marks the 10th anniversary of the strategic decision to make Dow Jones- branded indexes available as the basis for investment products. In 1997, the Dow Jones Industrial Average – the world’s most frequently quoted and longest-serving market indicator of its kind – was the first Dow Jones index to be licensed for an investment vehicle, beginning with CBOE options and CBOT futures. Since then, Dow Jones Indexes has launched thousands of indexes, many of which have become the foundation for popular investment vehicles worldwide.
“Millions of investors and billions of dollars of investment and risk-management capital have come to rely on Dow Jones Indexes’ products in the past decade,” Mr. Petronella said. “We were excited 10 years ago about the future of indexing and we are even more excited today as we look ahead to a changing and innovative financial marketplace in which we can team with partners such as the CBOE to bring valuable new investment tools to every corner of the globe.”
Dow Jones Indexes and Dow Jones STOXX Indexes have more than 800 licensees that have created almost 19,000 products using indexes as the basis for their investment vehicles. There are more than 10,000 indexes available for use and more than $2.1 trillion in assets are tied to Dow Jones and Dow Jones STOXX Indexes. There are approximately $50 billion in assets tied to the Dow Jones Industrial Average.
