S&P Dow Jones Indices
| Company type | Joint venture |
|---|---|
| Industry | Financial services |
| Founded | 2012 |
| Headquarters | New York City , United States |
Area served | Worldwide (15 metropolitan areas including New York City, London, Frankfurt, Singapore, Hong Kong, Sydney, Beijing, Dubai) |
| Products | Stock indices (e.g., S&P 500, Dow Jones Industrial Average) |
| Owner | S&P Global (73%), CME Group affiliates (24.4%) |
S&P Dow Jones Indices LLC represents a collaborative enterprise formed by S&P Global and the CME Group, publicly announced in 2011 and commencing operations in 2012. The firm specializes in creating, updating, licensing, and promoting stock indices that serve as benchmarks and underpinnings for investment vehicles such as exchange-traded funds (ETFs), mutual funds, and structured products. Its global presence spans 15 metropolitan areas, including New York City, London, Frankfurt, Singapore, Hong Kong, Sydney, Beijing, and Dubai.
Among its most prominent indices are the S&P 500 and the Dow Jones Industrial Average (DJIA), established in 1957 and 1896, respectively. Additionally, it oversees the longest-running index still in use: the Dow Jones Transportation Index, which was initiated in 1882 by The Wall Street Journal founder Charles Dow.
Ownership of the joint venture is predominantly held by S&P Global (previously McGraw Hill Financial, Inc.), controlling 73%, while affiliates of the CME Group possess a 24.4% share.
Recent history
In December 2020, DJI excluded certain companies associated with the People's Liberation Army that were subject to sanctions from its indices.
By January 2021, S&P Dow Jones Indices declared it would delist securities of China National Offshore Oil Corp (CNOOC) by February 1, 2021, in response to U.S. sanctions. Subsequently, in May 2021, the Securities and Exchange Commission imposed fines on the company related to an incident involving a data suspension amid U.S. market volatility.
Research information
The organization issues a quarterly publication titled Insight and provides Market Commentary videos, interviews on video, and press events aimed at researchers, academic audiences, and participants within financial markets.