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ICE introduces suite of broad European equity indices


Global exchange and clearing house operator, Intercontinental Exchange, has announced the launch of approximately 600 equity indices covering the qualifying, listed security universe across 16 selected European countries, including the UK.

These equity indices, which are administered by ICE Data Indices, LLC, are accessible in ICE’s Custom Index Tool, which provides a variety of ways to prototype and back test strategies for multiple use cases, including research, benchmark construction, designing new financial products such as ETFs or enabling services such as direct indexing.

The new suite of European equity indices represents the first stage of the roll-out of the NYSE Global Equity Market Indices, which will provide a transparent, consistent, and investible approach to benchmarking the listed security market capitalization of countries across the globe.

The new suite consists of three types of indices:

Listed Country Indices include qualifying securities listed on eligible exchanges in the respective countries and may be used as starting universes for the customization of additional sector, thematic, ESG and factor indices.

Country Indices further filter the universe for securities with a matching ICE country of risk, providing single-country index proxies.

Selected Investible Indices are also a part of the new family, such as the NYSE U.K. Index Series, including the NYSE U.K. 100, 250 and 350 Indices, and the NYSE Europe 600 Index. The firm writes that these Investible indices are built off customised rules that are relevant for users of specific local or regional benchmarks.

Listed Country and Country indices are further split into indices covering different size segments such as Large, Mid, Small, Micro, Total Market and All Cap.

“Following the launch of our NYSE U.S. 3000 family of equity indices, providing coverage for Europe and the UK is a critical step in our goal of providing a premier global equity index offering,” says Varun Pawar, Vice President and Head of ICE Data Indices. “ICE has extensive experience in designing, calculating and publishing thousands of indices across multiple asset classes every day. By leveraging our robust infrastructure and our experienced team, we’re able to offer a suite of benchmarks that meets the evolving needs of our customers.”

“These indices provide a new set of benchmarking options for customers investing in European markets,” says Amanda Hindlian, President of Fixed Income and Data Services at ICE. “From the data needed to calculate indices to the sophisticated platforms needed to deliver them to our customers, we offer a full suite of indexing and ETF benchmarking solutions across asset classes and markets globally.”

The new suite will include Large Cap, Mid Cap, Small Cap, Micro Cap, Total Market and All Cap indices for Listed Country and Country versions of the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

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