FTSE and Dow Jones take on MSCI

The battle for selling stock market index licenses is heating up with the collaboration of FTSE Group and Dow Jones indices as they seek to take on MSCI. The joint Industry Classification Benchmark (ICB) will cover corporate bonds and more than 50,000 equities worldwide. It takes part of both the existing FTSE Global Classification System and the Dow Jones Global Classification Standard. Some of the world"s stock exchanges, including the Nasdaq and the New York Stock Exchange in the US; the London Stock Exchange; Euronext and SWX Swiss Exchange in Europe; and the JSE in South Africa, are ...