At least one U.S. exchange has begun negotiations with the Financial Times Stock Exchange of London for the licensing rights to list exchange-traded funds that will track a new series of socially-responsible indices offered by FTSE, said Will Oulton, president of FTSE North America in New York.

"We will be looking for interested parties to come and join us in putting the product together," he said. While negotiations are underway, no final agreement has been reached, he said. Oulton declined to identify which exchanges or fund companies are currently negotiating with FTSE.

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