Bloomberg Drops BICS for ICB, GICS

FRONT PAGE: ADMINISTRATION & MANAGEMENT

In another move toward openness, Bloomberg is to adopt two rival standards for classifying securities by industry sector, the Global Industry Classification Standard from Standard & Poor's and MSCI, and the Industry Classification Benchmark from Dow Jones and FTSE.

S&P announced that Bloomberg would use GICS in its Bloomberg Professional terminals last week. But sources tell IMD of a separate deal between Bloomberg and ICB in which Bloomberg has agreed to use the ICB standard in all Bloomberg

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