Index Industry Association Continues Asia Expansion, Welcomes Hang Seng Indexes as Newest Member
New York, January 22, 2018 – Index Industry Association (IIA), a global organization of index administrators, today announced that Hang Seng Indexes joins a robust group of global members with the shared mission of promoting awareness about the importance of the function of indices in global markets.
Since its launch in 2012, IIA has offered the index industry a way to advocate for independence and transparency in indices in order to serve the needs and interests of investors. The addition of Hang Seng Indexes continues the organization’s expansion into Asia and the IIA now represents three major index providers headquartered in the region following the addition of China Central Depository & Clearing Co., Ltd. (CCDC) and the Tokyo Stock Exchange, Inc. (TSE) in 2017.
“The addition of Hang Seng Indexes is important for the IIA as we continue to grow and champion best practices in the index industry across the world,” said Richard Redding, chief executive officer of the Index Industry Association. “IIA welcomes Hang Seng Indexes to our distinguished list of independent index administrators to add another important voice to help make markets better for investors.”
Starting in 1969 with the creation of the Hang Seng Index, Hang Seng Indexes is now widely known as the barometer of the Hong Kong stock market, developing numerous market measures to help investors make their investment decisions. Hang Seng Indexes is Hong Kong’s leading index compiler covering Hong Kong and mainland China markets. Currently, the Hang Seng Family of Indexes comprises more than 400 real-time and daily indexes.
IIA was founded as the first-ever trade association for the index industry, and is continuing its expansion to serve the global index community. Created as a not-for-profit organization, membership in the IIA is open to independent index administrators worldwide.
For more information about the IIA or to speak with Richard Redding, please contact Intermarket Communications at IIA@intermarket.com or 212.909.4780.
About Index Industry Association (IIA):
IIA is an independent, not-for-profit organization based in New York that represents the global index industry. Founded in March 2012, the association is the first ever index industry trade body and it is committed to representing the global index industry by working with market participants, regulators, and other representative bodies to promote competition and sound practices in the index industry to strengthen markets and serve the needs of investors. Our members have calculated indices since makes 1896 and today administer over three million indices for their respective clients covering a number of different asset classes, including equities, fixed income, commodities, and foreign exchange.
Many of the leading index providers in the world are members of IIA, including Bloomberg Indices, CBOE Global Markets, Chicago Booth Center for Research in Security Prices, China Central Depository and Clearing, FTSE Russell, Hang Seng Indexes, ICE Data Services, IHS Markit, Morningstar, MSCI Inc., Nasdaq Global Indexes, S&P/Dow Jones Indices, STOXX, and Tokyo Stock Exchange. Further information on IIA is available at www.indexindustry.org.
About Hang Seng Indexes Company Limited
The Hang Seng Family of Indexes is managed and compiled by Hang Seng Indexes Company Limited (formerly HSI Services Limited), which is a wholly-owned subsidiary of Hang Seng Bank. The Hang Seng Family of Indexes comprises a wide range of Flagship, Benchmark, Thematic, Strategy and Bond indexes that cover stocks/bonds listed in Hong Kong/mainland China markets. For further information on the Hang Seng Family of Indexes, please visit the company’s website at www.hsi.com.hk.