BSE has decided to snap ties with S&P Dow Jones, which managed and operates benchmark Sensex, and plans to develop indices through its own in-house development team. The two entities had a joint venture — Asia Index — in 2013 to provide an array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies.
The deal with BSE came after the expiry of the licensing arrangement between India Index Services & Products (IISL), a joint venture of NSE and S&P-owned CRISIL.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).