Bucharest Exchange Readies Index Expansion
The BET Total Return index (BET-TR), which will be launched in September, will be calculated using the methodology applied to BET─which tracks the exchange's 10 most liquid stocks─and will track the capital gains and the total return of its constituents. The second gauge, BET Plus index, will launch in June, replacing the BET-C index, and will track blue chip stocks also covered by BET, as well as the stocks performing below BET constituents in terms of liquidity.
The exchange will calculate the new indexes in real time after each trade, and make data available on its website, as well as to "almost all" data vendors, says BSE chief executive Ludwik Sobolewski. The indicators will be available at no additional cost as part of the index data packages of current data vendors and will be free for end users, Sobolewski says. The exchange won't offer any historical data, he adds.
In addition, the exchange says that with the index quarterly index adjustment of June 2014, it will calculate free float so as to exclude holdings in index constituents that are more than 30 percent owned by insurance companies, pension funds, mutual and investment funds. The change will be applied to BET, BET-XT, BET-NG and BET-BK, and will also be used in the new indexes.
Finally, the exchange says that starting in January 2015, index constituent companies will be required to report in English and to provide a minimum level of investor relations services, such as organizing phone conferences and investor meetings for quarterly earnings releases, and disclosing information on the exchange's website.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
MSCI counts the cost of bank M&A, looks ahead to custom indexes, AI
Cancellations of overlapping contracts following a bank merger put a dent in MSCI’s earnings, but management remains upbeat about the potential of recent acquisitions and new technology developments.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Deutsche Börse democratizes data with Marketplace offering
Deutsche Börse Group is set to unveil its Marketplace, a one-stop data shop designed to simplify and streamline data acquisition and consumption for its clients, while also surfacing data from across the firm to its own users. Jan Stiebing and Sven…
DSB says industry is ready to meet UPI mandate ahead of deadline
The Unique Product Identifier will be required for certain OTC derivatives in the EU at the end of April, following US adoption in January.
Mapping a successful data journey: strategy, execution and sustainability
A well-planned data journey can positively impact an organization’s long-term trajectory. However, it is important to have clarity not only in the strategy but also in successful execution and sustainability for the long haul, argues data veteran Subbiah Subramanian.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs