GLX - Sector-Industry Classifications (GSICs)
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GLX - SECTOR-INDUSTRY CLASSIFICATIONS (GSICs)
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This structure is effective after close of business (US, EST) Monday - November 20, 2017
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Methodology:
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After creating a white paper, titled Sector / Industry Business Classification Study, GLX set out to create a better standard to classify the various entities that exist in the GLX ecosystem. As the white paper points out there are several major market data providers and federal agencies categorizing and classifying companies around the world. Our research indicates that market data providers dismiss a number of categories that would seemingly pertain to governments, private entities, and agencies. The US SIC code system and NAIC system are cumbersome and over complicated but will be included in company profiles on GLX.com. The white paper can be found at:
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- https://docs.google.com/document/d/1D5i6gkxRZOPw4RgwNzRd7y8pDtimaj6-qtkWZWgWYNI/edit?usp=sharing
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The GLX Sector-Industry Classifications (GSICs) system was developed by piggy-backing on the Global Industry Classification Standard (GICS) as a framework. GLX maintained the GICS structure but identified and added the uncovered Sector of Government. GLX also added the "Other" Industry and Sub-Industry for general selections for each Sector and Sub-Sector.
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We has also added a fifth layer of classifications to further organzie Types of Exchanges, Types of Non-Profits, and Types of Entities. Types of Entities is highly focused on industry designations within the Financials Sector. GLX also changed the GICS label of Industry Group to Sub-Sector creating the labels below:
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Sector ⇨ Sub-Sector ⇨ Industry ⇨ Sub-Industry ⇨ Type of Entity
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The tabs herein give full detail to the overall hierarchy and taxonomy.
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About the Global Industry Classification Standard (GICS):
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The GICS is an industry taxonomy developed in 1999 and maintained by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 68 industries and 157 sub-industries into which S&P has categorized all major public companies. Further information can be found at:
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- https://www.msci.com/gics
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About the GLX - Global Economic Council:
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At the current time there is fragmented and inconsistent global data. GLX has created the GLX - Global Economic Council, and is inviting members to join, in an attempt to lead an effort to unify this system. For more information or if interested in becoming a member please contact us.
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About GLX - Global Listing Exchange:
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Our mission is to make the world’s capital markets more transparent, open, and connected.
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GLX - Global Listing Exchange is building the world's only Capital Market Directory and Social Finance Network at GLX.com. The destination is a global capital market news data portal and ground-breaking financial networking platform.
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GLX will revolutionize the way each and every member of the world’s capital markets connects, communicates, shares, and accesses information.
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GLX was founded in April of 2015 and is currently a privately held company. We are in the process of auditing our financial statements and, upon completion, expect to file a registration statement with the U.S. Securities and Exchange Commission (SEC) for a Reg A+ Crowdfunding offering in the first quarter of 2018. GLX will seek a public market listing shortly thereafter. We currently have the ticker symbol “GLX” reserved with NASDAQ.
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Contact Details:
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GLX, Inc.
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340 Royal Poinciana Way, Ste 310 - 335
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Palm Beach, FL 33480
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1 855 GLX INTL | +1 561 325 7199
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gsics@GLX.com
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Intro
High Level Hierarchy
Types of Exchanges
Types of Non-Profits
Types of Schools
Sectors
Consumer Discretionary
Consumer Staples
Energy
Financials
Government
Health Care
Industrials
Information Technology
Materials
Real Estate
Telecommunication Services
Utilities