BSE adds S&P's Dow Jones Indices to Sensex, days after rating agency exits NSE
2011, more than USD 1.5 trillion was directly indexed to S&P Dow Jones Indices' family of stock market indices.
The deal with BSE comes soon after the expiry of the licencing arrangement between India Index Services & Products (IISL), a joint venture of NSE and S&P-owned Crisil.
S&P, last week, ended its licencing agreement for the indices of the National Stock Exchange and the bourse can not now use S&P name for any of its products.
"This partnership expands BSE and S&P Dow Jones Indices' presence in India and in South Asia, while providing a springboard for our efforts in the ASEAN region with an important exchange partner that understands this critical segment of the market," S&P Dow Jones Indices Chief Executive Officer Alexander Matturri said.
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc, is the world's largest, global resource for index-based concepts, data and research.
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