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Tuesday, November 16, 2004

Indexer Ends Exclusivity

by: Theresa Sim

Tacoma, Washington-based indexer Russell Investment Group will end exclusive licenses of 21 of its index options products beginning January 1, the company announced in a release.

January 1 also marks the end of Russell's exclusive contract with the Chicago Board Options Exchange. In place of that exclusive arrangement, Russell officials said there were in talks with the CBOE as well as the other five exchanges for the new, non-exclusive licenses.

With more products based on Russell indexes on a wider range of exchanges we expect to see growth in both volume and liquidity across the board," stated Kelly Haughton, strategic director of Russell indexes in the release. 

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