23 March 2018
visit www.nextgenbanking.co.uk

Euronext switches to Industry Classification Benchmark

19 July 2005  |  1367 views  |  0 Source: Euronext

Euronext today published details of the stocks listed on its markets which are to be reclassified under the newly adopted 'Industry Classification Benchmark' (ICB).

ICB was launched in January 2005 by FTSE Group and Dow Jones Indexes, and will be effective on 2 January 2006 on Euronext markets in Amsterdam, Brussels, Lisbon and Paris.

This new sector classification, which will replace the FTSE Global Classification System currently used, covers 40,000 companies and 45,000 securities worldwide and enables investors to identify entities according to ICB's hierarchy of ten industries, 18 supersectors, 39 sectors and 104 subsectors. From now until 31 December 2005, stocks on Euronext will be listed under both systems to give users an opportunity to get used to the new one.

As a result of the changeover, Euronext sector indices will be revised and available in early December 2005. From that date, sector indices based on the to be replaced FTSE classification system will no longer be issued but will continue to be calculated until the last trading day of the year. Daily values for the period from early December through 31 December 2005 will be displayed on the Euronext internet site starting 2 January 2006.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comwww.currencycloud.comVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
14428 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
11836 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
11433 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10487 views comments | 14 tweets | 31 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
8287 views comments | 14 tweets | 10 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job