Dow Jones Telerate Begins Delivering Lehman Brothers Real-Time Commodity Indices.NEW YORK--(BUSINESS WIRE)--June 7, 1995--Dow Jones Telerate has begun disseminating on its global network Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc.'s new series of commodity indices Commodity indices Indices measuring the price and performance of physical commodities, often by the price of futures contracts for the commodities that are listed on commodity exchanges. . The seven Lehman Brothers commodity indices reflect real-time market performance; price changes in commodities markets are registered as changes in the value of each index. The Lehman Brothers Commodity Index has been designed to be broadly based and representative of the market. The index is calculated using a market-value-weighted methodology like that employed in such widely used financial indices as the Standard & Poor's 500 stock index, the Russell 2000, for over-the-counter stocks, and the Lehman Brothers Aggregate Bond Index Lehman Brothers Aggregate Bond Index A benchmark index made up of the Lehman Brothers Government/Corporate Bond Index, Mortgage-Backed Securities Index, and Asset-Backed Securities Index, including securities that are of investment-grade quality or better, have at least one year to . The market sectors represented in the Lehman Brothers Commodity Index and the six sector indices are base metals, grains, energy, precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , soft commodities and livestock. The indices were designed to help portfolio managers and investors capture the performance and diversity of the commodity markets. Typically, investors participate in commodities through forward or futures contracts. The broad-based Lehman Brothers Commodity Index and each sector index represent the returns that can be achieved by buying forward and futures contracts, selling them when the contracts approach maturity and applying the proceeds to buy futures contracts again. The indices measure gains by aggregating the results of the individual contracts over time. Results are also available on a total return basis. "All Lehman indices are investable and rules-based, which means their performance may be replicated," said Steven Berkley, manager of the index group in Lehman Brothers fixed income research department. "The rules governing the composition and calculation of the Lehman Commodity Indices have been designed to make them accurate, reliable benchmarks for fixed income investors." Lehman Brothers is a global investment bank with leadership positions in corporate and municipal finance and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , and in securities and commodities sales, trading and research. Lehman Brothers serves the financial needs of corporate, governmental and institutional clients and high-net-worth individuals through offices in major financial centers worldwide. Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Telerate, a leading provider of real-time financial information, decision support products, trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. systems and transaction services to the international business community, is a part of Dow Jones & Company. Dow Jones publishes The Wall Street Journal, Barron's and other periodicals, electronic business information services See Information Systems. and community newspapers. CONTACT: Dow Jones Telerate Sanford Jacobs, 201/938-4328 or Lehman Brothers Jim Cain, 212/526-4383 |
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