The Tokyo Stock Exchange, New York Stock Exchange, Deutsche Boerse AG and Standard & Poor’s are planning to introduce an international index in an attempt to squelch increasing competition from smaller bourses.
A global index jointly operated by the world’s major stock exchanges is unprecedented. By giving investors a benchmark for internationally traded stocks, the three bourses are hoping to lure some of the money that is now pouring into technology stock-laden bourses such as the Nasdaq over-the-counter market in the U.S.

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