S&P Dow Jones Indices
 | |
| S&P Dow Jones Indices | |
| Company type | Joint venture |
| Founded | 1882 |
| Founder | Charles Dow, Edward Jones, Charles Bergstresser |
| Headquarters | 55 Water Street, New York City, New York, United States |
| Owner |
|
| Website | www |
S&P Dow Jones Indices LLC is a joint venture between S&P Global and the CME Group, that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as the basis of investable products, such as exchange-traded funds (ETFs), mutual funds, and structured products. The company currently has employees in 15 cities worldwide, including New York, London, Frankfurt, Singapore, Hong Kong, Sydney, Beijing, and Dubai.
The company's best known indices are the S&P 500 and the Dow Jones Industrial Average (DJIA), which were created in 1957 and 1896, respectively. The company also manages the oldest index in use, the Dow Jones Transportation Index, created in 1882 by Charles Dow, the founder of The Wall Street Journal.
S&P Global (formerly McGraw Hill Financial, Inc.), owner of Standard & Poor's, controls 73% of the joint venture, CME Group owns 24.4% through its affiliates.
Recent history
[edit]In December 2020, DJI removed certain sanctioned companies with ties to the People's Liberation Army from its indices.[1]
In January 2021, S&P Dow Jones Indices announced that, on February 1, 2021, or before, China National Offshore Oil Corp's (CNOOC) securities will be removed due to the US sanctions.[2] In May 2021 the SEC fined the company for pausing data.[3]
Research information
[edit]The company produces a quarterly news magazine called Insight.[4] The company has topical Market Commentary videos,[5] video interviews[6] and press events[7] for researchers, academia and market makers to use.
See also
[edit]References
[edit]- ^ Galbraith, Andrew (December 10, 2020). "S&P DJI removes Chinese firms from indexes after U.S. order". Reuters. Retrieved December 10, 2020.
- ^ "S&P Dow Jones Indices to remove oil giant CNOOC due to sanctions". Reuters. January 14, 2021. Retrieved January 14, 2021.
- ^ Jonathan Stempel. (17 May 2021). "S&P Dow Jones Indices is fined by SEC over U.S. 'volatility' crash". Yahoo Finance website Retrieved 18 May 2021.
- ^ "S&P Global Platts Insight Magazine". spglobal.com. Retrieved April 10, 2020.
- ^ "Dow Jones Indexes » Media Center » Market Commentary". djindexes.com. Archived from the original on July 28, 2011.
- ^ "Dow Jones Indexes » Media Center » Video Interviews". djindexes.com. Archived from the original on August 3, 2011.
- ^ "Dow Jones Indexes » Media Center » Press Events". djindexes.com. Archived from the original on May 9, 2011.