A new partnership between exchange operator NYSE Euronext and index provider Russell Indexes will offer investors a wider range of options products.
Through the alliance, the RussellTick index feed, which provides real-time, intra-day values across the firm’s indices will migrate to NYSE Technologies’ Global Index Feed protocol and its calculating engine will be hosted in NYSE Euronext’s US Liquidity Center.
Both companies have also agreed to develop joint products and services, including index-based options.
“Our new alignment with NYSE Euronext will allow the Russell family of global indexes, which currently have more US institutional assets benchmarked to them than all other US equity indexes combined, to expand our customer offering and extend the products and services we provide to clients globally,” said Ron Bundy, CEO of Russell Indexes.
RussellTick will be the first major index family to be distributed over NYSE Euronext’s Secure Financial Transaction Infrastructure network and the two firms hope the alliance will let traders accessing Russell indices benefit from NYSE Euronext’s processing power and capacity.
Russell Indexes, a subsidiary of Seattle-based asset manager Russell Investments, benchmarks around US$3.9 trillion in assets globally, covering 98% of the investable market and more than 10,000 securities.