Global index provider Russell Indexes and exchange operator NYSE Euronext have formed a global alliance to develop additional joint global services and products, such as new index-based options.
Covering three different NYSE Euronext business lines and various countries, the deal facilitates the transition of RussellTick to NYSE Technologies’ Global Index Feed (GIF) protocol and extensive global distribution.
NYSE Euronext US Liquidity Center will now host and manage RussellTick calculation engine, while traders and investors can benefit from the processing power, capacity and active customer community inside the Liquidity Center.
Russell can deliver efficient and reliable access to real-time Russell index data to its customers across the globe, leveraging NYSE Euronext’s diverse geographical footprint, SFTI network and liquid customer base.
Through this alliance, Russell Investments and NYSE Euronext will provide various value-added features to global customers trading these new products or subscribing to the RussellTick index data feed.
As of 30 September 2012, Russell Investments had approximately $159bn in assets under management and works with 2,400 institutional clients and more than 580 independent distribution partners worldwide.
Headquartered in Seattle, Washington, Russell operates offices in Amsterdam, Auckland, Beijing, Chicago, Dubai, Frankfurt, London, Melbourne, Milan, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.
NYSE Euronext manages exchanges in Europe and the US, including the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca, and trades equities, futures, options, fixed-income and exchange-traded products.