STOXX: Difference between revisions
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'''STOXX Limited''' is a globally integrated index provider, covering the world markets across all asset classes – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is owned by [[Deutsche Börse Group]] and [[SIX Group]]. STOXX calculates approximately 7000 indices and in addition acts as the marketing agent for the indices of Deutsche Börse and SIX, among them the [[DAX]] and [[Swiss Market Index|SMI]] indices. |
'''STOXX Limited''' is a globally integrated [[Index (economics)|index]] provider, covering the world markets across all [[asset classes]] – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is owned by [[Deutsche Börse Group]] and [[SIX Group]]. STOXX calculates approximately 7000 indices and in addition acts as the marketing agent for the indices of Deutsche Börse and SIX, among them the [[DAX]] and [[Swiss Market Index|SMI]] indices. |
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STOXX indices are licensed to [[financial institution]]s and other users for use with [[Exchange-traded fund|Exchange Traded Funds]] (ETFs), [[mutual funds]], [[Futures contract|future]]s, [[Option (finance)|option]]s, [[structured product]]s, and other purposes. |
STOXX indices are licensed to [[financial institution]]s and other users for use with [[Exchange-traded fund|Exchange Traded Funds]] (ETFs), [[mutual funds]], [[Futures contract|future]]s, [[Option (finance)|option]]s, [[structured product]]s, and other purposes. |
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Revision as of 19:31, 28 May 2014
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| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1997 |
| Headquarters | Zurich, Switzerland |
| Services | stock market indices calculation agent |
| Parent | Deutsche Börse Group, SIX Group |
| Website | www |
STOXX Limited is a globally integrated index provider, covering the world markets across all asset classes – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is owned by Deutsche Börse Group and SIX Group. STOXX calculates approximately 7000 indices and in addition acts as the marketing agent for the indices of Deutsche Börse and SIX, among them the DAX and SMI indices.
STOXX indices are licensed to financial institutions and other users for use with Exchange Traded Funds (ETFs), mutual funds, futures, options, structured products, and other purposes.
STOXX has offices in Zurich, Frankfurt, New York, London, Hong Kong, Singapore, Stockholm, and Madrid.
History
STOXX Limited was formed in 1997 and in 1998 the first STOXX indices were launched. In 2000 STOXX was the first index provider to implement free float market capitalization in all its indices. In December 2009 Deutsche Börse and SIX Group became sole shareholders of STOXX after Dow Jones exited the joint venture. Shortly after STOXX renamed all indices by removing the "DJ/Dow Jones" prefix. In July 2010 STOXX became the marketing agent for Deutsche Börse and SIX Swiss Exchange indices.[1]
Index Family
The STOXX Index family represents a wide range of stocks covering different market segments and different investment strategies. On a regional level the indices initially covered Europe, the Eurozone and Eastern Europe.
In 2011 STOXX expanded its index range by adding a consistent global index family for global regions and countries.
STOXX calculates and distributes the well known EURO STOXX 50, STOXX Europe 50, and STOXX Europe 600 indices, which are used as the underlying indices for numerous derivative financial instruments such as options, futures and index funds.
Since 2013 with its GC Pooling index family STOXX offers a completely rules based interbank rate benchmark based on secured euro lending transactions.[2][3]
References
- ^ http://www.stoxx.com/corporate/company/history.html
- ^ http://www.stoxx.com/html/gc_pooling.html
- ^ "Benchmarking European repo markets". Risk.net. Retrieved 2014-04-15.