CME eyes index products with Dow buy

CME Group plans to create new indexes and financial products based on its exchange-traded and over-the-counter data assets, and will leverage CME's data distribution network to expand the index products' reach, following its $607.5 million purchase of 90 percent of Dow Jones Indexes, officials say.

CME will run the business as a separate joint venture, with Dow Jones owning the remaining 10 percent and licensing the DJ index brands to the venture in perpetuity.

"The CME is known for trading equi

To continue reading...