MSCI, S&P Indices and FTSE collaborate to launch index industry trade body
MSCI, S&P Indices and FTSE have announced the creation of the first ever trade association for the index industry. The Index Industry Association (IIA) will form an official, representative body for the global index industry, with a remit that includes educating investors on the attributes and role of indices within the investment process and advocating the interests of index users and providers worldwide.
Created as a not-for-profit institution for the fast-growing global community of index providers, the IIA will be open to membership from index businesses worldwide. The initial board of directors will comprise representatives of the founding companies; MSCI, S&P Indices and FTSE, and representatives from the membership. A search is currently underway for an executive director to lead the IIA.
This independent membership structure will enable the IIA to focus on its key objectives, including the support of intellectual property rights, and to work with relevant regulatory bodies around the world for the benefit of the industry and its clients.