Russell/Mellon Acquires FT Interactive Data's Index Distribution

October 6, 2003 ( - Russell/Mellon Analytical Services has acquired the index distribution capability of FT Interactive Data.

FT’s Interactive Data operation current services 27 asset managers throughout Europe.   The acquisition will place the Edinburgh, Scotland-based provider of data collection, reconciliation, formatting and distribution of third-party benchmark information under the Russell/Mellon CAPS umbrella, according to a news release.

Further, Russell/Mellon plans on expanding the number of indices available to investment managers through this service. The current product set includes data from index vendors such as Russell, S&P, FTSE, MSCI, JP Morgan GBI, and DJ STOXX.