FTSE Group

FTSE Group (/ˈfʊtsiː/ FUUT-see) is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating out of premises in Canary Wharf. It operates the well known UK FTSE 100 Index as well as a number of other indices.

History

The FTSE Group was created in 2002 by Pearson (parent of the Financial Times) and the London Stock Exchange Group.

FTSE Japan, based in Tokyo, was launched in 2003.

In 2011, Pearson sold its stake to LSE.

Main Business

FTSE Group operates 250,000 indices calculated across 80 countries and in 2015 was the number three provider of indices worldwide by revenue. FTSE Group earns around 60 per cent of revenue from annual subscription fees and 40 per cent from licensing for index-based products.

Clients include both active and passive fund managers, consultants, asset owners, sell-side firms and financial data vendors. FTSE’s products are used by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE’s indices to create ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.