RIMES, the leading provider of managed data services for the buy-side, today announced that the Dow Jones Commodity Index (DJCI) series is now available on RIMES Benchmark Data Service® (RIMES BDS®). The Dow Jones Commodity Index, unveiled on July 1, works as a complement to the S&P GSCI® (the first investable commodity index) and includes 23 of the commodities included in the S&P GSCI, weighting the three major sectors of Energy, Metals, and Agriculture and Livestock equally. The addition of the Dow Jones Commodity Index showcases RIMES’ continued success in effectively and swiftly providing key market indices to the buy-side.
“In working with RIMES, we are able to provide another venue for key buy-side participants to access our index data, providing firms with the ability and flexibility to make more educated investment decisions,” said Jodie Gunzberg, Head of Commodities at S&P Dow Jones Indices. “With the Dow Jones Commodity Index, RIMES customers will now have data access to a commodity index that is highly liquid, equally weighted – avoiding large sector weights, transparent in its methodology, and independently governed.”
As benchmark data is a crucial component for success in the global investment management space, firms’ ability to manage, source and store the ever-increasing volume of index data and benchmarks is imperative. RIMES BDS delivers that vast volume of data in a scalable operating platform allowing for optimal data governance and processing. The addition of the Dow Jones Commodity Index series further showcases that users of RIMES BDS are free from the burdens of data validation, data correction and workflow management as RIMES works with its data partners to ensure that these components of proper data management are executed seamlessly.
Lucia Gamez, Vice President, Head of Content Management – Americas for RIMES, explains, “The velocity at which benchmark data has been made available has reached unprecedented levels and RIMES prides itself in making new and important data immediately available to RIMES customers upon request. We are excited to partner with S&P Dow Jones Indices to offer yet another index that gives clients a distinct advantage and confidence in data quality as they make investment decisions.”
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