S&P Dow Jones Indices inks deal with Lima Stock Exchange.
M2 EQUITYBITES-September 17, 2014--S&P Dow Jones Indices inks deal with Lima Stock Exchange
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17 September 2014 -- New York-based S&P Dow Jones Indices said that as part of its strategic growth plan to expand throughout Latin America it has signed a agreement with the Bolsa de Valores de Lima to license distribute and govern all of the BVL indices including a new version of their flagship index IGBVL (Indice General de la Bolsa de Valores de Lima).
S&P DJI will be responsible for the marketing and commercial licensing of the BVL indices.
The agreement also allows S&P DJI to eventually calculate all of the BVL indices, and to jointly create new indices with the Exchange to meet the evolving needs of investors inside and out of Peru.
Each of these indices will be designed with an eye toward being liquid enough to serve as the basis for potential investment products.
According to the agreement, the BVL will transition index calculation of its indices to S&P DJI over time to ensure a smooth transition for existing clients. S&P DJI will be responsible for the commercial licensing of the indices, as well as the end-of-day data. In addition, all BVL indices will be co-branded "S&P."
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial (NYSE: MHFI), is a resource for index-based concepts, data and research.
Find out more at www.us.spindices.com.
1 USD = .61 GBP
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