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 a wholly owned subsidiary of Deutsche Börse Group. STOXX calculates more than 10,000 indices and in addition acts as the marketing agent for the indices of Deutsche Börse indices like DAX.

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.

Index Family[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]