Dow Jones Indexes has extended the real-time calculation of the Dow Jones Industrial Average to 13 h...
Dow Jones Indexes has extended the real-time calculation of the Dow Jones Industrial Average to 13 hours a day, starting 14 September, writes Joanne Frearson.
Dow Jones Indexes will use component prices from Deutsche Bourse's new US market segment, which will be launched that same day on its electronic trading platform, Xetra.
Additionally, Dow Jones Indexes will use Xetra to price the US and Asian components of the Dow Jones Global Titans 50 index from the beginning of the European trading day until the US market opens at 9.30am EST.
This will allow investors and other market participants will now have an indication of the Dow Jones Industrial Average's level prior to the opening of the US market based on actual trades of the index's 30 components.
Dow Jones Indexes expects the extended index calculation to help investors worldwide by providing more timely index values, improved liquidity of the stocks underlying the Dow Jones Industrial Average and the Dow Jones Global Titans 50, as well as improved price discovery in both cash and derivatives markets. Products based on the indexes are traded around the clock.
The indicative Dow Jones Industrial Average will be calculated and disseminated real-time from 3am to 9.30am EST ' a total of 6.5hrs.
The Dow Jones Industrial Average calculation will resume at 9.30am EST, with pricing from the New York Stock Exchange and Nasdaq markets.
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