STOXX Ltd.

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STOXX Ltd.
STOXX Logo.png
Founded 1997
Key People Matteo Andreetto, CEO
Website www.stoxx.com

ALSO SEE: STOXX futures

STOXX Ltd. is an index provider and wholly owned subsidiary of Deutsche Boerse Group. Formed in 1997, in advance of the completion of the European Economic and Monetary Union, the introduction of the Euro and the creation of the Eurozone, STOXX indices have become Europe's leading indices. STOXX Ltd. operates as a globally integrated index provider.

The indices of STOXX Ltd. are licensed to over 500 companies around the world as underlyings for exchange traded funds (ETFs), futures and options, structured products and passively-managed investment funds.[1]

History

STOXX Ltd. began as a joint venture between Deutsche Boerse, Dow Jones & Company and SIX Swiss Exchange.

In November 2009, Dow Jones announced a deal to sell its one-third interest in the Stoxx Ltd. stock-indexing business for $308.8 million to joint venture partners Deutsche Boerse and SIX Group AG. [2]

In 2015, Deutsche Boerse acquired all of the remaining shares of STOXX from SIX to become the sole owner.[3]

In April 2019, Deutsche Boerse announced the acquisition of Axioma for $850 million. Axioma, a cloud-based portfolio and risk management software firm, will be folded into Deutsche Boerse's STOXX index business. General Atlantic is a minority investor in the deal.[4]

Products and Services

Besides STOXX's offerings that range from blue-chip indexes to strategy and style indexes, STOXX also markets the DAX and SMI indexes.

Key People

  • Matteo Andreetto, CEO
  • Steffen Hermanns, COO
  • Michael Hyzik, CFO

References

  1. About Us. STOXX.
  2. CME in Line For Indexes of Dow Jones. The Wall Street Journal.
  3. Deutsche Boerse in talks to buy Stoxx stake in $697m deal. Financial Times.
  4. Deutsche Börse creates leading index and portfolio/risk analytics business. Press Release.