December 23, 2014 - Deutsche Börse, the official Index Administrator of the DAX index family and other leading financial market indices, today announced that the indices comply with the International Organisation of Securities Commission's (IOSCO) Principles for Financial Benchmarks. Deutsche Börse has published the Letter of Compliance on the company's website.
The objective of the IOSCO Principles is to create an overarching regulatory framework for benchmarks used in global financial markets. The internationally accepted guidelines cover methodology, transparency, the quality of benchmarks, governance arrangements and accountability of index providers and other relevant organisations. These principles aim to promote the reliability of benchmarks at a global level, ensuring a uniform standard.
Having completed a thorough assessment of Deutsche Börse's governance processes, business policies, procedures and controls framework, the DAX and other Deutsche Börse indices are fully compliant with the requirements set out by IOSCO. This assessment includes the outsourced processes to STOXX Limited, comprising the development of new and the maintenance of existing indices.
STOXX Limited, which is part of Deutsche Börse AG and SIX, announced its compliance with the IOSCO Benchmark Principles in July 2014. Deutsche Börse is planning an independent audit of its implementation of the IOSCO Principles for Financial Benchmarks in 2015.
Deutsche Börse is one of the world's leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody.
Deutsche Börse Market Data + Services encompasses the Group's extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news, reference data for more than 1,000,000 securities, approximately 10,500 indices including the STOXX and DAX index families, superior capital market infrastructure and reliable connectivity services.
