NASDAQ OMX Adopts ICB Company Classification Standard Globally
NASDAQ OMX has decided to adopt the ICB (Industry Classification Benchmark) standard globally, effective as of February 1, 2012. The NASDAQ OMX exchanges in Stockholm, Copenhagen, Helsinki, Reykjavik, Tallinn, Riga, and Vilnius will adopt ICB which is the current standard on the NASDAQ OMX exchanges in the US.
“As a result of this action, our listed companies can more effectively benchmark with global peers, a total of 75,000 securities, compared to 40,000 previously. It also enables us to create consistent and comprehensive global indexes, enabling individual and institutional investors to quickly, accurately, and objectively measure and invest in the market”, Jenny Rosberg, Senior Vice President Global Corporate Client Group at NASDAQ OMX says.
Read the full press release from October 26, 2011 »
Watch an interview with Magdalena Hartman, Vice President, NASDAQ OMX »
Included supersectors: Oil & Gas Producers; Oil Equipment, Services & Distribution; and Alternative Energy.
Basic Materials
Included supersectors: Chemicals; Forestry & Paper; and Industrial Metals & Mining.
Industrials
Included supersectors: Construction & Materials; Aerospace & Defense; General Industrials; Electronic & Electrical Equipment; Industrial Engineering; Industrial Transportation; and Support Services.
Consumer Goods
Included supersectors; Automobiles & Parts; Beverages; Food Producers; Household Goods & Home Construction; Leisure Goods; Personal Goods; and Tobacco.
Health Care
Included supersectors: Health Care Equipment & Services; and Pharmaceuticals & Biotechnology.
Consumer Services
Included supersectors: Food & Drug Retailers; General Retailers; Media; and Travel & Leisure.
Included supersectors: Fixed Line Telecommunications; and Mobile Telecommunications.
Utilities
Included supersectors: Electricity; and Gas, Water & Multi-utilities.
Financials
Included supersectors: Banks; Nonlife Insurance; Life Insurance; Real Estate Investment & Services; Real Estate Investment Trusts; Financial Services; Equity Investment Instruments; and Nonequity Investment Instruments.
Technology
Included supersectors: Software & Computer Services; and Technology Hardware & Equipment.
Contacts
EuropeEurope
London
Isabella Schidrich
+44 2070658122
Asaf Homossany
+44 2070658137
Stockholm
Håkan Sjögren
+46 8 405 78 93
Marie Parck
+46 8 405 71 42
Henrik Wahlström
+46 8 405 64 71
Copenhagen
Carsten Borring
+45 33 77 04 55
Peter Legind-Hansen
+45 33 77 03 88
Toke Reedtz
+45 33 77 03 85
Kenneth Jørgensen
+45 33 77 03 28
Helsinki
Minna Korpi
+358 9 6166 7287
Erja Jumppanen
+358 9 6166 7322
Iceland
Kristin Rafnar
+354 525 2869
Baltics
NASDAQ OMX Tallinn
Kalle Viks
Head of Issuer Services
Tel. +372 640 8844
NASDAQ OMX Riga
Liene Dubava
Head of Market Services
Tel: +371 67 212431
NASDAQ OMX Vilnius
Saulius Malinauskas
Head of Market Services Department
Tel: +370 5 2721406
For general questions/information:
listings@nasdaqomx.com
First NorthFirst North
First North Stockholm
Emelie Jarnesten
+ 46 8 405 6702
First North Copenhagen
Carsten Borring
+45 33 77 04 55
Peter Legind-Hansen
+45 33 77 03 88
Toke Reedtz
+45 33 77 03 85
Kenneth Jørgensen
+45 33 77 03 28
First North Helsinki
Laura Patrikainen
+358 9 6166 7256
First North Baltic
NASDAQ OMX Tallinn
Tel: +372 640 8800
Fax: +372 640 8801
E-mail: fn.tallinn@nasdaqomx.com
NASDAQ OMX Riga
Tel: +371 6721 2431
Fax: +371 6722 9411
E-mail: fn.riga@nasdaqomx.com
NASDAQ OMX Vilnius
Tel: +370 5 2723871
Fax: +370 5 2724894
E-mail: fn.vilnius@nasdaqomx.com
For general questions/information:
listings@nasdaqomx.com
ICB classification
ICB is a widely used global standard for company classification, with four levels of granularity - industry, supersectors, sectors and subsectors. The transparent and comprehensive system is adopted by stock exchanges around the world, representing over 65 percent of the world’s market capitalisation. With over 75,000 securities across 73 countries, ICB provides extensive geographic reach, offering investors the widest choice, for the purposes of benchmarking, performance measurement or research/analysis. The ICB standard is maintained by the FTSE Group.
NASDAQ OMX Indexes
All NASDAQ OMX local and regional sector indexes, based on the GICS structure, will be discontinued as of February 1, 2012, and replaced by equivalent indexes based on the ICB structure, including more than 10 years of historical data.
All selected indexes, such as the Benchmark-series and Tradable Sectors, will have their selection methods revised early 2012. The revised rules will be made effective in connection to the mid year reviews in June, 2012.