Three major financial market index providers have launched what they say is the first trade association for the industry. The Index Industry Association was started by MSCI, S&P Indices and FTSE to be an official, representative body for the industry, according to the companies. Among its missions is to educate investors on the attributes and role of the indexes within the investment process, and to be an advocate for index users and providers around the world. “The IIA will promote the agenda of our industry and push for new, universal standards for best practice, independence and transparency,” chief executives of the three companies said in a joint statement. The… Read More