Source: Deutsche Börse
Deutsche Börse will act as an exclusive worldwide sales partner for all indices of Bombay Stock Exchange (BSE).
Earlier this year, Deutsche Börse acquired a 5 percent stake in BSE and the partners agreed to explore ways of strengthening their collective competencies across a broad spectrum of business areas.
The BSE provides various index series, including the leading index for the Indian stock market, the SENSEX index. First compiled in 1986, SENSEX is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies. The index is widely reported in both domestic and international markets through print as well as electronic media. BSE has continuously expanded the range of its indices with the BSE-100, 200 and 500 as well as different sector indices and the BSE DOLLEX Indices.
"The SENSEX Index is a leading benchmark for the Indian sub-continent and we are delighted to be the exclusive partner in bringing together the Indian index business and the European market. With this cooperation, we further expand our index business in the Asian markets", said Dr. Holger Wohlenberg, Managing Director for Market Data & Analytics at Deutsche Börse.
"Post demutualization, Bombay Stock Exchange Ltd. has a strategic relationship with Deutsche Börse who are among the marquee foreign and Indian investors who have taken stake in BSE. As a part of its global vision, BSE is proud to announce the index cooperation agreement with Deutsche Börse. The objective of the index cooperation agreement is to make SENSEX (the index the world tracks) and other BSE indices available to investors in Europe and America", said Rajnikant Patel, Managing Director & CEO of BSE.