CME Eyes Index Products with Dow Buy
CME will run the business as a separate joint venture, with Dow Jones owning the remaining 10 percent and licensing the DJ index brands to the venture in perpetuity.
"The CME is known for trading equity and interest rate index products, although it has never had its own index calculation capability," says Scot Warren, managing director of equity products at CME, to whom the joint venture will report. "We see the potential growth of indexation and passive management... and we see indexes as an
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