NEW YORK, Jan. 10, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Midwest (ONP) News #8 Recovered Papers Index, the first transaction-based index that tracks physical transactions of Old News Print (ONP) #8 recovered paper.
The Dow Jones Midwest (ONP) News #8 Recovered Papers Index is part of the Dow Jones Recovered Papers Index series, which is designed to serve as benchmarks for market participants in the recovered paper industry to research and assess price risks and to settle contracts.
News #8 typically commands the highest prices of the four grades of ONP as it contains the least amount of contaminants. It also is the most widely used grade of ONP by recycled newsprint mills, the single largest end user of ONP.
"The Dow Jones Midwest (ONP) News #8 Recovered Papers Index is the latest offering in our lineup of benchmarks of monthly transactions in the recovered paper industry. This growing field requires accurate pricing and risk measurement tools to effectively gauge market activity. We expect the new index to receive wide market acceptance as the leading indicator for this important niche," said Michael A. Petronella, president of Dow Jones Indexes.
The Dow Jones (ONP) News #8 Midwest Recovered Papers Index is a volume-weighted measure of monthly transactions of News #8 -- a grade of recycled paper -- that occur in the Midwest region of the U.S. Participants provide Dow Jones Indexes with the price and volume information used to calculate the index. Both parties sign confidential disclosure agreements with audit provisions before the data is used. This process ensures the accuracy and privacy of information submitted.
The index was created through the consultation of the Dow Jones Recovered Papers Index Advisory Board, whose members include leaders in the paper, recycling and financial industries. The Board's role is to ensure that the index's methodology and calculation reflect the needs and demands of the industry.
The Dow Jones Recovered Papers Indexes belong to a growing family of transaction-based benchmarks, which currently include the Dow Jones U.S. Electricity Indexes, Dow Jones Steel Indexes and Dow Jones European Energy Indexes. The Dow Jones Recovered Papers Indexes also includes the Dow Jones OCC #11 Regional Recovered Papers Indexes.
The Dow Jones Midwest (ONP) News #8 Recovered Papers Index will be available on the 5th business day of the month on the Dow Jones Indexes (http://djindexes.com) and Dow Jones Newswires (http://dowjonesnews.com) Web sites. The indexes also will be distributed directly by Dow Jones Indexes via electronic subscription.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290
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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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Dow Jones & Company (www.dowjones.com) is a subsidiary of News Corporation (NYSE:NWS) (NYSE:NWS-A) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of Stoxx Ltd. and provides news content to radio stations in the U.S.