CME Group and Dow Jones Launch Joint Venture
CME Group, a diverse derivatives marketplace, and Dow Jones & Company have launched a joint venture company, CME Group Index Services. CME Group has a 90% ownership interest and Dow Jones has a 10% ownership interest in the new company, which continues to do business as Dow Jones Indexes and includes the Dow Jones Industrial Average, as well as approximately 130,000 index properties.
Dow Jones & Company will contribute the Dow Jones Indexes business, valued at US$675m, and CME Group will contribute certain market data services, valued at US$607.5m, to the joint venture.
“There is an increased demand for index products and services in the marketplace, particularly outside the US,” said CME Group executive chairman Terry Duffy. “By combining CME Group’s resources and expertise in index derivatives trading with Dow Jones’ world-class benchmark indices, we will be well positioned to develop and expand our index and market data offerings, fuelling growth opportunities across all asset classes.”