ICE plans NYSE Elite Tech 100 Index launch later this month

Intercontinental Exchange Inc. (NYSE: ICE) announced plans to expand its NYSE index family with the launch of the NYSE Elite Tech 100 Index later this month, according to a company press release.

The technology-focused index will include companies listed on all U.S. exchanges and will update its composition more dynamically, including quicker inclusion of initial public offerings. The index will contain only highly liquid and investable constituents.

ICE also plans to introduce additional indices featuring NYSE-listed companies. These include equal weight versions of existing NYSE Composite, U.S. 100, International 100, World Leaders and TMT indices, designed to provide greater exposure to small and mid-capitalization companies.

The company will expand the NYSE Composite Index family to include float market capitalization and equal weight sector indices based on ICE Uniform Sector classifications. This builds on existing NYSE Energy Index and NYSE Financials Index offerings.

ICE will introduce Texas-specific indices, including an NYSE Texas listed company index and another index containing companies either headquartered or incorporated in Texas. These indices highlight the recent debut of the NYSE Texas exchange.

"The NYSE's community of listed companies have consistently been at the forefront of innovation within their industries, and their inclusion in these indices can provide investors with the opportunity to benefit from that innovation through highly liquid and transparent instruments," said Lynn Martin, President of NYSE Group.

ICE manages over $2 trillion in assets under management benchmarked to ICE Indices and offers over 7,000 fixed income, equity, currency, commodity and mortgage indices. The company noted that the proposed indices are not currently live or finalized and remain subject to final review and approval.

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