STOXX

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STOXX Limited
Subsidiary
IndustryFinancial services
Founded1997
HeadquartersZug, Switzerland
Key people
Steffen Hermanns (CEO ad interim as of October 1st 2018) [1]
Servicesstock market indices
ParentDeutsche Börse Group
Websitewww.stoxx.com

STOXX Limited is a Swiss 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 part of Qontigo, which was created in 2019 through the combination of STOXX, DAX and Axioma. Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London. STOXX calculates more than 10,000 indices and in addition acts as the administrator for the DAXindices.

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.

History[edit]

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.[2]

In 2015 Deutsche Börse purchased the remaining 49.9% shares of STOXX from SIX Group along with the remaining shares of the joint venture Indexium AG at a cost of 650m Swiss Francs.

The following timeline outlines the consolidation through mergers and acquisitions among bourses in the European Union, which has taken place since the 1990s in response to financial harmonisation and liberalisation. Current, independent (parent) exchange companies are shown in colour.

    United States Intercontinental Exchange, Inc.
  United States New York Stock Exchange, Inc. United States European Union NYSE Euronext, Inc.
    United Kingdom London Traded Options Market United Kingdom London International Financial Futures and Options Exchange European Union Euronext N.V.
      United Kingdom London International Financial Futures Exchange
    United Kingdom London Commercial Sale Rooms United Kingdom London Commodity Exchange  
Netherlands Amsterdam Exchanges N.V. (Amsterdam Stock Exchange)     European Union Euronext N.V.
    Belgium Bourse de Valeurs Mobilières de Bruxelles S.A. (Brussels Stock Exchange)
  France Société des Bourses Françaises S.A. (Paris Stock Exchange)
    Portugal Bolsa de Valores de Lisboa e Porto (Lisbon Stock Exchange)
          Republic of Ireland Irish Stock Exchange  
                Norway Oslo Stock Exchange Norway Oslo Børs Holding ASA Norway Oslo Børs VPS Holding ASA  
                                      Norway Verdipapirsentralen Norway Verdipapirsentralen ASA  
                                    Denmark VP Securities A/S  
                  Italy Borsa Italiana S.p.A. (Italian Bourse) United Kingdom London Stock Exchange Group plc  
    United Kingdom London Stock Exchange plc  
                                              Norway Statnett Marked AS   European Union Nord Pool Spot AS European Union Nord Pool AS  
                                              European Union Nord Pool ASA  
                                  United States Nasdaq, Inc.
                      Sweden Stockholm Stock Exchange Sweden OM AB European Union OM HEX AB European Union OMX AB
                          Finland Helsinki Stock Exchange Finland Helsinki Exchanges Group Plc
                                                Estonia Tallinn Stock Exchange  
                                              Latvia Riga Stock Exchange  
                                              Lithuania Vilnius Stock Exchange
  Denmark Copenhagen Stock Exchange  
                                          Iceland Iceland Stock Exchange  
                                                          Armenia Armenian Stock Exchange  
                                                Switzerland SIX Swiss Exchange AG
                      Spain Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. (Spanish Bourses)  
                          Hungary Budapest Stock Exchange     Hungary Budapest Stock Exchange
          Austria Wiener Börse AG (Vienna Stock Exchange) European Union Central and Eastern Europe Stock Exchange Group AG Austria Vienna Stock Exchange
                                                Czech Republic Burza cenných papírů Praha, a.s. (Prague Stock Exchange)  
                                            Slovenia Ljubljana Stock Exchange      
                                              Croatia Zagreb Stock Exchange
Germany Frankfurter Wertpapierbörse AG (Frankfurt Stock Exchange)   Germany Deutsche Börse AG (German Bourse)
                                  Luxembourg Centrale de Livraison de Valeurs Mobilières Luxembourg Cedel International  
                                                              Germany European Energy Exchange  
                                                        Germany Switzerland Eurex Exchange  
                                                        Germany Switzerland STOXX
1585
1602
1625
1698
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1769
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1912
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Indices[edit]

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.[3][4] The European Central Bank (ECB) uses the STOXX GC Pooling Indices as new euro secured benchmarks.

In 2016, STOXX introduced its first fixed income index, the EURO STOXX 50 Corporate Bond Index. The index tracks the corporate debt of the EURO STOXX 50 companies.

In 2018 STOXX launched its ESG-screened versions of more than 40 benchmarks that meet the standard responsible-investing criteria of leading asset owners. The suite offers ESG-X versions of global, regional and emerging markets benchmarks, including ESG-X versions of the EURO STOXX 50® and the STOXX® Europe 600. The ESG-X indices incorporate standard norm- and product-based exclusions that aim to limit market and reputational risks while keeping a low tracking error and a similar risk-return profile to the respective benchmark.

References[edit]

  1. ^ "Deutsche Börse Market Data + Services - Management". www.mds.deutsche-boerse.com.
  2. ^ STOXX. "STOXX Digital - About us". www.stoxx.com.
  3. ^ STOXX. "STOXX Digital - STOXX® GC Pooling Indices". www.stoxx.com.
  4. ^ "Benchmarking European repo markets". Risk.net. 2014-03-04. Retrieved 2014-04-15.

External links[edit]