Markit Dividends and Index Management – formerly DaDD, but now part of Markit Group Limited – today announced it will include Euronext’s newly extended range of indices in its service.
Euronext’s index information now offers the CAC 40, BEL 20, AEX and PSI series, and will include “T+1” indices where the overnight changes are reflected in the index composition. Previously, Euronext provided “T-1” indices that Markit adjusted when appropriate to reflect the overnight changes such as corporate actions, thus giving traders calculated “T+1” indices.
Markit Index Management consolidates the latest constituents of over 8,500 global equity indices and ETFs. Each index goes through a number of checks and validations before being released to clients via a single XML feed.
Markit Dividends is recognised as the de facto standard for dividend information, which forecasts the precise dividend amounts and ex-dividend dates four years ahead for the leading 4,600 global equities.
Markit claims it is the only service to provide users with the information required to calculate accurate fair values and dividend points for any index or ETF up to four years ahead. This service is used by a substantial majority of the major global investment banks, equity derivatives traders, asset managers and hedge funds. Euronext has recently extended its use of Markit Dividends within its equity options valuations models and margining systems to all its exchanges.
“All index users will welcome Euronext’s enhancement to its index service,” says John Price, Managing Director and Head of Markit Dividends and Index Management. “Markit gives users easy access to any global index through a single interface. The availability of Euronext index data and the underlying dividend forecasts in the same feed provides an unprecedented level of information and access. We are also pleased that Euronext has extended the use of our dividends to all its exchanges.”