Key Principles
Fastmarkets FOEX is committed to compliance with the IOSCO regulations in its process and methodologies to provide reliable, impartial, representative and transparent PIX price benchmarks.
Compliance requires price reporting agencies (PRA) to have defined guidelines and policies in place to ensure consistent and standardized procedures, in Fastmarkets FOEX’s case the production of the PIX price indices. (IOSCO, International Organization of Securities Commissions, www.iosco.org).
The assurance reviewed PIX Pulp Europe, Pulp China and Recovered Paper Europe, as well as other PIX Methodology and Specifications, the Fastmarkets FOEX Policies and Pricing Notices are gathered in the website section PIX Methodologies & Policies.
The PIX price indices are prepared and published according to defined specifications and key principles, some of them listed below, which are common for all PIX price indices:
- The PIX price indices are calculated from price data received from buyers and sellers
- One index per year is audited by a third party
- Fastmarkets FOEX does not engage in price forecasting
- Participation to the index formation process is voluntary and free of charge
- Participants must be allowed to remain anonymous
PIX indices and launch dates
