This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

S&P Dow Jones Indices Announces Alignment With IOSCO Principles For Financial Benchmarks

Stocks in this article: MHFI

NEW YORK, July 17, 2014 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), one of the world's leading index providers, announced today that it will administer its benchmarks in alignment with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks.

S&P DJI operations were already largely aligned with the principles put forth by the IOSCO Principles for Financial Benchmarks, such as separate commercial and governance functions and rigorous methodological policies to name just a few.  The independent corporate audit function at McGraw Hill Financial, S&P DJI's parent company, has now conducted its comprehensive review of S&P DJI's alignment with the IOSCO Principles, and will issue its findings and will continue to conduct annual reviews as called for in the IOSCO Principles.  

"S&P Dow Jones Indices is fully supportive of IOSCO's position that benchmark administrators should be free of potential conflicts of interest," says Alex Matturri, CEO of S&P Dow Jones Indices. "We strongly believe that an index provider should not be allowed to manage, trade, or issue investment products based upon its indices. The IOSCO Principles for Financial Benchmarks are very much in line with how S&P Dow Jones Indices has transparently and independently governed its indices for over 115 years."

S&P DJI has been publishing financial market indices since 1896 with the launch of the Dow Jones Industrial Averageā„¢, one of the best-known icons of American culture and among stock market observers around the world. The launch of the S&P 500® in 1957 was an innovative milestone in gauging the overall health of the US equity markets and changed the way that investors would eventually measure and trade the markets. Today, S&P Dow Jones Indices publishes more than 1,000,000 indices on a real-time or end-of-day basis, each built and governed on the basis of transparency, integrity, objectivity, and independence.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs