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2012-01-30Data

NASDAQ OMX sector indices industry classification change

All NASDAQ OMX local and regional sector indexes, based on the GICS structure, will be discontinued as of February 1st, 2012 and replaced by equivalent indexes based on the ICB structure.

NASDAQ OMX has decided to adopt the ICB (Industry Classification Benchmark) standard globally, effective as of February 1st, 2012. The NASDAQ OMX exchanges in Stockholm, Copenhagen, Helsinki, Reykjavik, Tallinn, Riga, and Vilnius will adopt ICB which is the current standard on the NASDAQ OMX exchanges in the US.

All NASDAQ OMX local and regional sector indexes, based on the GICS structure, will be discontinued as of February 1st, 2012, and replaced by equivalent indexes based on the ICB structure, including more than 10 years of historical data.

Information about the ICB classification structure can be found here:

The new indices have been added to the database and are called ICB in the tree to distinguish them from the old indices. For example:

Economics - by country major > Sweden > Equity Market > Equity Indices > Nasdaq OMX

  • ICB Industry
  • ICB Supersector
  • ICB Sector

Non-Industry indices are not affected by this change.

The naming of the levels differ between GICS and ICB. Below is a comparison from top to bottom:

GICS ICB
Sector Industry
Industry Group Supersector
Industry Sector