SSgA Licenses DJ Canada 40
By Journal of Indexes Staff

Dow Jones Indexes announced January 19 that it has licensed the Dow Jones Canada 40 Index to State Street Global Advisors Canada, Ltd. for use as the basis of an Index Participation Unit (IPU).

The Dow Jones Canada 40 Index is part of the Dow Jones Extra Liquid Series. It is composed of 40 highly liquid stocks and designed to serve as the basis for derivatives and other index-linked products while tracking closely with broader benchmarks such as the TSE 300.

Dow Jones Industrial Average futures contracts traded on the Chicago Board of Trade broke a new record for daily volume: 40,343 contracts were traded on March 16, beating the record of 36,727 contracts traded on April 19, 1999.

DJIA futures were launched on the CBOTin October 1997.