FTSE Group And MCX-SX Collaborate To Bring New Index Products To India

FTSE Group And MCX-SX Collaborate To Bring New Index Products To India

FTSE Group, the global index company, has been selected by India’s new stock exchange, MCX-SX, as its preferred index provider. The two organisations signed a co-operation agreement in Mumbai today and pledged to collaborate to bring a new and broader range of domestic and international indices to the Indian market.

Today’s co-operation announcement marks an important step towards establishing FTSE in India, the world’s fastest-growing market, after China. By combining FTSE’s indexing heritage with MCX-SX’s deep local knowledge, both organisations are confident that they can add value to international and domestic investors seeking to capture the investment opportunities in India’s markets.

A key driver in FTSE’s ongoing growth is the increasing number of stock exchanges who trust FTSE to be their preferred index provider. FTSE is proud to be index partner to over twenty stock exchanges globally, on whose behalf it calculates a range of domestic and international indices across a number of asset classes. This success is particularly underlined by FTSE’s privileged role as calculator of the domestic blue-chip benchmarks for Italy, Malaysia, Singapore, South Africa and the UK markets– more than any other index provider.

Commenting on today’s co-operation agreement, MCX-SX’s CEO Joseph Massey and FTSE’s Deputy Chief Executive Donald Keith said in a joint statement, “This partnership will harness MCX Stock Exchange’s in-depth understanding of the Indian financial markets alongside FTSE’s indexing brand equity to offer market participants a range of new index tools with which they can make informed investment decisions.