Intercontinental Exchange, Inc. (ICE), a global provider of technology and data, announced plans to expand its NYSE family of indices with the introduction of a new U.S. technology index and additional benchmarks designed to showcase the performance of the NYSE Community.
The upcoming launch of the NYSE Elite Tech 100 Index, planned for later this month, leverages ICE’s experience in thematic index innovation. This new technology-focused index is designed to offer a precise solution for investors seeking a more focused technology leaders benchmark. The index will include companies listed on all U.S. exchanges, featuring leaders from the NYSE, and will update its composition more dynamically, including quicker inclusion of IPOs. Constituents will be highly liquid and investable.
In addition to the Elite Tech 100, ICE will expand its existing suite of indices exclusively containing NYSE-listed companies. This includes equal weight versions of the NYSE Composite, U.S. 100, International 100, World Leaders, and TMT indices, which are expected to provide greater exposure to small- and mid-capitalization companies. The NYSE Composite Index family will also expand to include float market capitalization and equal weight sector indices based on ICE Uniform Sector classifications, building on the success of existing benchmarks like the NYSE Energy Index and NYSE Financials Index. Furthermore, the company will introduce Texas-specific indices, including an NYSE Texas-listed company index and another index comprising companies either headquartered or incorporated in the state, highlighting the recent debut of the NYSE Texas exchange.
“Throughout its 30-year history, the ETF industry has transformed into a key component of the market, providing efficient access to trends for a broad base of investors,” said Lynn Martin, President of NYSE Group. “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.”
ICE has extensive expertise in administering and publishing indices used across global markets, with over $2 trillion in assets under management benchmarked to ICE Indices. Its offering encompasses more than 7,000 fixed income, equity, currency, commodity, and mortgage indices, supported by a 50-year track record.
It is important to note that these are proposed indices that are not currently live or finalized. The proposed index methodology and information are provided in draft form, are subject to change, and must undergo final review and approval by ICE Data Indices.
