New York, August 7, 2013 - Russell Indexes, a leading global index provider and NYSE Euronext, one of the world's premier exchange operators and technology innovators, today announced new enhancements to RussellTick™, an index feed for real-time, intra-day values for the Russell family of global indexes. These enhancements represent an additional step in the growing global alliance between Russell Indexes and NYSE Euronext. The alliance, announced in January, includes the migration of RussellTick to NYSE Technologies Global Index Feed (GIF) as well as a commitment to introduce additional products in the U.S. and Europe including index-based options.
The new RussellTick enhancements cover two main aspects of the client experience and are possible due to the world-class technology capabilities of NYSE Technologies. First, in-house calculation of the indexes will begin on August 15 when Russell Indexes will begin handling all index calculations for RussellTick. This enhancement will lead to improved choice of indexes, faster and more frequent information updates and new content features available to RussellTick customers, delivered quickly and reliably over NYSE Technologies' global Secure Financial Transaction Infrastructure (SFTI®) network. RussellTick clients will be required to fully migrate to the enhanced data feed by November 11. Second, a more flexible pricing model will go into effect on January 1, 2014,updating the previous tiered approach. This change will allow for more targeted, customized and competitive pricing for RussellTick customers to right-size their commercial commitment.
"These program enhancements are an important step in the continued growth of the RussellTick functionality and client experience, and we are happy to deliver them with the support of NYSE Technologies," said Ariel Rastatter, director of real-time data programs for Russell Indexes. "The enhancements to the customer experience in terms of frequency, accuracy and global coverage will be tangible and measurable."
Added Cameron MacDonald, vice president of global indices at NYSE Technologies, "We are very excited about the work we are doing with Russell Indexes on RussellTick and the significant program enhancements we have been able to bring forward in a relatively short amount of time to clients around the world."
The migration of RussellTick to NYSE Technologies' GIF made Russell the first major global family of indexes distributed through the global SFTI® network and NYSE Euronext's state-of-the-art, Tier 4 data center located in Mahwah, NJ. The RussellTick calculation engine is now hosted and managed from that data center, which is also home to NYSE Euronext's U.S. trading, co-location and market data infrastructure. Traders and investors can benefit from the processing power, capacity and active customer community inside the data center. Additionally, by accessing NYSE Euronext's diverse geographical footprint, SFTI network and global customer base, Russell can provide clients anywhere in the world with efficient and reliable access to real-time Russell index data.
Please visit the Russell Investments/NYSE Euronext portal for more information and a video on RussellTick.
About Russell Investments
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. Russell stands with institutional investors, financial advisors and individuals working with their advisors-using the firm's core capabilities that extend across capital market insights, manager research, portfolio construction, portfolio implementation and indexes to help each achieve their desired investment outcomes.
Russell has more than $237 billion* in assets under management (as of 6/30/2013) and works with over 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.6 trillion in assets under advisement (as of 12/31/2012). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.4 trillion in 2012 through its implementation services business. Russell also calculates approximately 700,000 benchmarks daily covering 98% of the investable market globally, which includes more than 80 countries and more than 10,000 securities. Approximately $4.1 trillion in assets are benchmarked to the Russell Indexes.
Headquartered in Seattle, Washington, Russell operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. For more information about how Russell helps to improve financial security for people, visit www.russell.com or follow @Russell_News.
*includes $69 billion of derivative overlay assets under management not included prior to June 30, 2013
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world's largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world's best financial institutions and exchanges. For additional information visit: nyse.com/technologies
Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company. Russell Investments is the owner of the trademarks, service marks and copyrights related to its respective indexes. Russell's indexes are unmanaged and cannot be invested in directly.
Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's 2011 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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Media Contacts:
Tim Benedict, Russell Investments, 212-702-7823 or TBenedict@russell.com
Eric Ryan, NYSE Euronext, 212-656-2411 or eryan@nyx.com
Max Leitenberger, River Communications, 914-434-5725 or maxl@riverinc.com