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Article: NASDAQ to Adopt FTSE Global Classification System.
- Article from:
- PR Newswire
- Article date:
- November 11, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Nasdaq Stock Market, Inc. ("NASDAQ") (BULLETIN BOARD: NDAQ) , the world's largest electronic stock market, announced today that it will reclassify its nearly 3,400 listed companies according to the FTSE Global Classification System (GCS) in all NASDAQ indices and associated data products. Working with global index provider FTSE Group, each NASDAQ-listed company will be analyzed and reclassified according to the globally recognized FTSE system. This move will enable easier analysis of NASDAQ stocks by investors worldwide, and will simplify sector analysis.
Comprising 10 economic groups, 36 industrial sectors and 102 subsectors, the FTSE Global Classification ...