FTSE International held preliminary meetings with the stock exchanges...

FTSE International held preliminary meetings with the stock exchanges of Greece, Israel and Cyprus to discuss creating a common regional index series, said Michael Gormley, marketing director for FTSE America. FTSE already has created indexes for the Cyprus and Greek stock exchanges. "From a business standpoint, it makes sense” for FTSE to create regional indexes for the Mediterranean area, said Mr. Gormley. The next meetings will be held this fall.