HONG KONG, Sept. 27 /PRNewswire-AsiaNet/ –
FTSE Group ("FTSE") the global index provider, has been selected by the
Stock Exchange of Thailand (SET) to take over the calculation of its domestic
indexes. The partnership to be set up will allow FTSE to redesign and update
the index series in line with international indexing standards. FTSE will
undertake a full market consultation process with local investors and other
index users, as the first stage of this project.
FTSE currently works with a number of stock exchanges, both internationally
and in the Asia Pacific region. It has recently been selected by the ASEAN
group of exchanges to design and calculate the first pan-ASEAN index, and
earlier this year created a new domestic Malaysian series, the FTSE Bursa
Malaysia Index Series. Worldwide, FTSE works with over 20 stock exchanges to
bring its innovative and internationally recognised indexing skills to
financial markets.
Paul Hoff, Managing Director, FTSE Asia Pacific said, "It’s a great honour
to be selected by SET for this important step in its strategy to
internationalise its financial markets. FTSE is committed to working with both
local investors and the exchange, and looks forward to beginning consultation
with all parties."
More information about FTSE and its suite of index products can be found at
www.ftse.com
Notes to Editors
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes.
With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York,
San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77
countries worldwide. It calculates and manages the FTSE Global Equity Index
Series, which includes world-recognized indexes ranging from the FTSE All-World
Index, the FTSE4Good series and the FTSEurofirst Index series, as well as
domestic indexes such as the prestigious FTSE 100. The company has
collaborative arrangements with the Athens, AMEX, Cyprus, Euronext,
Johannesburg London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura
Securities and Xinhua Finance of China. FTSE also has a collaborative agreement
with Dow Jones Indexes to develop a single sector classification system for
global investors.
FTSE indexes are used extensively by investors world-wide for investment
analysis, performance measurement, asset allocation, portfolio hedging and for
creating a wide range of index tracking funds. Independent committees of senior
fund managers, derivatives experts, actuaries and other experienced
practitioners review all changes to the indexes to ensure that they are made
objectively and without bias. Real-time FTSE indexes are calculated on systems
managed by Reuters. Prices and FX rates used are supplied by Reuters.
SOURCE: FTSE Group
CONTACT: Meredith Blakemore of FTSE Group,
+852-2230-5801, or
meredith.blakemore@ftse.com
September 27, 2006
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