Asia’s oldest bourse Bombay Stock Exchange is looking to launch its own stock indices, ending its partnership with S&P Dow Jones: Report

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• The Bombay Stock Exchange (BSE) is reportedly ending ties with S&P Dow Jones.
  
• The stock exchange is looking to build its own indices in-house.
  
• The decision came after the joint venture had limited reach into foreign markets.

The Bombay Stock Exchange (BSE) in India wants to end its partnership with S&P Dow Jones, which manages the BSE Sensex and launch its own indices, Press Trust of India reported citing BSE officials.

S&P Dow Jones has been managing BSE’s benchmark index, BSE Sensex, for the past five years. The bourse had entered the partnership to launch a series of Asia indices to help it boost the participation of global and domestic investors in South-Asian economies.

BSE’s Managing Director and Chief Executive Officer, Ashishkumar Chauhan told PTI that the partnership “did not help much” in terms of reaching “foreign jurisdictions.” He further assured the investors that the end of licensing partnership will have little or no impact on the revenues of the exchange.

Before partnering with BSE, S&P Dow Jones had been a partner of the National Stock Exchange in India.

Although, the BSE has not yet said anything about when it will roll out its own indices.

Founded in 1875, the Bombay Stock Exchange is the oldest stock exchange in Asia and is the most widely tracked index in India.