FTSE's bid to become the world's leading index provider is gathering pace after it introduced an index series for the Italian equity market, the FTSE Italia Series.
The FTSE Italy Series is designed to offer international and domestic investors new opportunities to track, analyse and invest in Italy's equity market.
FTSE was selected by Borsa Italiana to assume responsibility for its blue chip index, now known as FTSE MIB. It has also designed and introduced an integrated set of new indices, replacing the Borsa Italiana informative indices.
Detailed Italian market data covering a range of defined segments and sectors will be distributed globally on a real-time and end of day basis from today onwards.
To support market participants and attract international investors to the Italian market, FTSE has also opened a new office in Milan to allow it to work closely with Italian market participants.
Southern Europe director, Pito Nadal, will head the Milan office and assume day to day responsibility for FTSE's presence in the country.
"FTSE aims to be the number one index provider worldwide. We are delighted to have this opportunity to work closely with market participants in Italy and to developing innovative new index tools to meet their requirements," says Chris Broad, FTSE chief operating officer.
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