Distribution of Russell Investments’ real-time data feed for its indexes, which serve as benchmarks for $3.9 trillion in investments, will switch to NYSE Euronext (NYX:US) as the two firms plan to create new options on the gauges.
NYSE Euronext will be the primary source of intraday data on measures such as the Russell 2000 Index through a service called RussellTick, according to a statement from both companies today. Russell previously distributed the data through Nasdaq OMX Group Inc. The Russell-NYSE Euronext deal also involves a commitment to develop new services and products, such as index- based options, the statement said.
Exclusive rights to trade Russell stock-index futures are held by IntercontinentalExchange Inc. (ICE:US), the energy and commodity futures bourse that last month agreed to acquire NYSE Euronext in a $8.2 billion deal.
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