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Help answer this question below.
FTSE stands for FINANCIAL TIMES STOCK EXCHANGE and it's generally pronounced "Footsie".
When talking about the FTSE, people are most commonly talking about the FTSE100 index which is a way of measuring how much on average the 100 biggest companies listed on the Stock Exchange are going up or down.
The Financial Times records and OWNS this data, generally selling it to interested parties (newspapers, television, other data providers and of course STOCKBROKERS).
As an example, if the FTSE100 opens in the morning at 4000 and at lunchtime it is at 4040 ("up 40 points") you can use this formula to see what the market has done:
((IS/WAS) - 1)*100 [where IS = 4040 and WAS = 4000]
4040/4000 = 1.01; ,minus 1 = 0.01; x100 = 1
The market has risen 1 percent.
If it then went from 4040 down to 3636.
((3636/4040)01)*100 = -10
..now the market has gone down 10% !
Hope that helps.
Regards
Tom
It stands for Financial Times Sahres Index. Thats all the info I have....
It's an index of companies that hold shares on London's market. Kind of. Wikipedia's your best bet if you want to learn more:
http://en.wikipedia.org/wiki/FTSE_100
Before you start trying to learn about the FTSE, why don't you start with 1st grade grammar.
As in "I saw it on TV", not I seen it on TV"
The FTSE - aka "footsy" - stands for Financial Times Stock something. It is a stock market index that tracks primarily British stocks, sort of the equivalent of the S&P500. By index, that is to say that it is comprised of a "basket" of prominent securities and thus is reflective of the overall market more than any one stock can.
It is basically the equivalent in London of our New York Stock Exchange.
FTSE Group (FTSE) is a world-leader in the creation and management of over 100,000 equity, bond and hedge fund indices. With offices in Beijing, London, Frankfurt, Hong Kong, Boston, Shanghai, Madrid, Paris, New York, San Francisco, Sydney and Tokyo, FTSE Group services clients in 77 countries worldwide.
FTSE is an independent company owned by The Financial Times and the London Stock Exchange. FTSE does not give financial advice to clients, which allows for the provision of truly objective market information.
FTSE indices are used extensively by investors world-wide such as consultants, asset owners, asset managers, investment banks, stock exchanges and brokers.
http://www.ftse.com/index.jsp
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