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STOXX announces recognition as administrator under Benchmark Regulation

Release date: 31 Jul 2019 | STOXX

STOXX announces recognition as administrator under Benchmark Regulation


Zug (July 31, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has been recognized as administrator under EU Benchmark Regulation. 

The EU Benchmarks Regulation has been in effect since January 1, 2018 and touches both EU and non-EU entities that administer financial benchmarks used in the EU. Established index providers are to apply for a license under the EU Benchmarks Regulation by January 1, 2020. 

STOXX has been recognized according to Art. 32 of the Benchmarks Regulation with the Federal Financial Supervisory Authority (BaFin). Indices administered by STOXX are now included in the ESMA Benchmarks Register.  

“Serving the interest of our clients, STOXX has a long history of providing neutral, transparent and strictly rules-based indices,” said Steffen Hermanns, STOXX chief executive officer. “We strongly support the objectives of the EU Benchmark Regulation, and we are happy to be officially fully compliant with this regulation. Built on a solid foundation including a strong governance structure and rigorous operational and IT processes, STOXX benchmarks have been compliant with IOSCO Principles for Financial Benchmarks, the global standard provision of benchmarks, already since 2014.”

About STOXX Ltd.

STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 10,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into four categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name. Under the Omnient brand, STOXX offers custom indices from its existing index universe.

STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and also calculates, disseminates and markets the DAX indices.

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

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