Dow Jones Indexes Sells ICB Interest

June 16, 2011 ( - In a recent press release, global index provider Dow Jones Indexes announced that it has sold its 50% interest in Industry Classification Benchmark (ICB).  
According to the release, Dow Jones Indexes plans to implement a new proprietary classification standard for its own indexes as well as for those it calculates, maintains, and disseminates for clients. The new standard will be based on the ICB system.