Standard & Poor’s (S&P) will pilot calculating closing prices based on the American Stock Exchange’s (Amex) closing prices for twelve Nasdaq-listed stocks in the S&P 500 starting Dec. 1, it said last week. The pilot will run through early 2004.
The initiative is part of a program to assess whether the use of Amex’s closing prices will improve the accuracy of the S&P 500’s opening and closing prices, which are currently computed using Nasdaq’s closing prices.
"For a long time S&P has been awar
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails