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What is FOEX Indexes?

FOEX Indexes Ltd is an independent company providing audited, trade-mark registered pulp, paper, recovered paper and wood based biomass price indices

Using PIX commercially Read More Terms of commerial use

Current


Nov 6, 2014

FOEX publishes revised methodology for PIX European pulp price indices

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Key Principles

Defined standards and key principles

The PIX indexes are prepared and published according to defined specifications and key principles:

  • The PIX price indexes are calculated from price data received from buyers and sellers of the commodity/product in question
  • Buyers and sellers are evenly represented as price donors
  • High number of participants to each PIX index; no index is launched until statistically reliable
  • Index-system is audited (by Ernst & Young)
  • A 4-member expert panel is available as advisors and trouble-shooters
  • Index values are never retroactively modified

FOEX is acknowledged with an anti-trust clearance in Europe by EU/DG IV
Following issues were agreed upon:

  • FOEX is not allowed to do price forecasting
  • Participation to the index formation process must be voluntary and free of charge
  • Participants must be allowed to remain anonymous
    (FOEX never mentions names of those who participate or who do not participate)
  • Indexes are published on the FOEX web-site and by international information providers

PIX Indexes and launch dates