FTSE, DJI Part Ways on ICB - WatersTechnology.com

Max Bowie
@MaxBowie
20 Jun 2011

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Dow Jones Indexes has sold its 50 percent holding in the Industry Classification Benchmark to FTSE, its partner in the joint venture.

Dow Jones officials decline to comment on details of the agreement, but say that the vendor will immediately begin rolling out a sector classification system of its own, based on ICB, to support its own indexes and those it calculates for third parties.

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