STOXX

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STOXX Ltd.
TypeSubsidiary
IndustryFinancial services
Founded1997
HeadquartersZug, Switzerland
Key people
Sebastian Ceria (Chief Executive Officer of ) [1]
Servicesstock market indices
Parent; Deutsche Börse Group
Websitewww.qontigo.com

STOXX Ltd. 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 , which was created in 2019 through the combination of STOXX, DAX and Axioma. 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[]

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.

In 2019, STOXX was combined with Axioma Inc. to form - a new investment intelligence company. is headquartered in Eschborn, with key locations in New York, Zug and London."Qontigo - Press Releases". www.qontigo.com.

Indices[]

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.

In 2019 STOXX (now part of Qontigo) continued its focus on responsible-investing by launching a new family of ESG-X indices, EURO STOXX 50 ESG, and extended its thematic suite to include EURO iSTOXX® Ocean Care 40 and STOXX® Global Next Generation Telecoms.[5]

In 2020, STOXX (now part of Qontigo) introduced DAX 50 ESG[6] and EU-Compliant Climate Benchmark Indices, which are designed to facilitate the shift towards a low-carbon economy and align investments with the Paris Climate Agreement.[7]

ESG & Sustainability[]

Qontigo launched index solutions to allow investors meet their sustainability commitments and goals:[8]

  • "Exclude" strategies - a category for seeking to raise the ESG profile of portfolios but maintain low tracking errors
  • "Enhance" strategies - a category for investors who wish to maximize their portfolios’ ESG profiles while maintaining benchmark exposure

References[]

  1. ^ "Global Leadership Team - Qontigo". www.qontigo.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.
  5. ^ Qontigo. "History & Milestones - Qontigo". www.qontigo.com.
  6. ^ Qontigo. "DAX 50 ESG". www.qontigo.com.
  7. ^ "Climate Indices". www.qontigo.com.
  8. ^ "Sustinable Index Solutions". www.qontigo.com.

External links[]

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