Russell Indexes And NYSE Euronext Announce Global Alliance And RussellTick Distribution Agreement
Russell Indexes, a leading global index provider and NYSE Euronext, one of the world's premier exchange operators and technology innovators, today announced a global alliance which will span three distinct NYSE Euronext business lines and multiple geographies, as well as several facets of Russell's global index business. The agreement includes the transition of RussellTick, an index feed for real-time, intra-day values for the Russell family of indexes in the U.S. and globally, to NYSE Technologies' Global Index Feed (GIF) protocol and extensive global distribution. Approximately $3.9 trillion in assets are currently benchmarked to the Russell Indexes globally. The alliance also includes a commitment to develop additional joint global services and products, such as new index-based options.
The migration of RussellTick to NYSE Technologies' GIF protocol makes Russell the first major index family distributed through the global Secure Financial Transaction Infrastructure® (SFTI®) network. The RussellTick calculation engine is now hosted and managed from NYSE Euronext's U.S. Liquidity Center, home to its U.S. trading, co-location and market data infrastructure. Traders and investors can benefit from the processing power, capacity and active customer community inside the Liquidity Center. Additionally, by accessing NYSE Euronext's diverse geographical footprint, proprietary SFTI network and liquid customer base, Russell can provide clients anywhere in the world efficient and reliable access to real-time Russell index data.