The authorisation allows the company to provide a compliance alternative to clients and avoid inherent conflicts of interest.
IHS Markit (Nasdaq: INFO), a provider of critical information, Analytics and solutions on financial markets has announced today that is has been approved by the Financial Conduct Authority (FCA) as an authorized benchmark administrator under the European Benchmark Regulation (BMR).
With the authorization, market participants can continue to reference the range of IHS Markit’s financial and commodity indices under the European Union’s (EU) BMR. It also allows clients of the benchmark to retain ownership of their indices.
IHS Markit offers traders a range of proprietary benchmarks and tradable indices across assets, including iBoxx bond indices, OPIS refined oil product indices, iTraxx and CDX indices for credit default swaps and IHS McCloskey Coal indices used in commodity markets.
EU Benchmark Regulation
BMR aims to bring greater transparency and consistency to financial benchmarks and combat risks to their susceptibility to manipulation. The majority of the provisions came into effect on January 1 this year, and it builds upon the IOSCO Principles for Financial Benchmarks, which were published in July 2013. The regulation will be completely implemented in 2020 when the transitional period ends.
Commenting on the development, Mark Schaedel, the managing director and head of Index Administration Services at IHS Markit said: “IHS Markit has invested a significant amount of resources in BMR compliance, and when appointed as an independent benchmark administrator, we can provide a compliance alternative to clients, which allows them to retain ownership of their indices, and avoid inherent conflicts of interest.
“In addition, as an independent administrator, IHS Markit can provide endorsement for non-European indices which require access to the EU market.”
Aram Flores, managing director and global co-head of financial indices at IHS Markit also added: “across our indices franchise, we strongly support the objectives of BMR in promoting the integrity and transparency of benchmark indices.
“Financial institutions rely upon IHS Markit indices as the gold standard for market indicators, and as we continue to expand our leadership in this space, we will continue to deliver innovation and excellence.”
IHS Markit (Nasdaq: INFO), a provider of critical information, Analytics and solutions on financial markets has announced today that is has been approved by the Financial Conduct Authority (FCA) as an authorized benchmark administrator under the European Benchmark Regulation (BMR).
With the authorization, market participants can continue to reference the range of IHS Markit’s financial and commodity indices under the European Union’s (EU) BMR. It also allows clients of the benchmark to retain ownership of their indices.
IHS Markit offers traders a range of proprietary benchmarks and tradable indices across assets, including iBoxx bond indices, OPIS refined oil product indices, iTraxx and CDX indices for credit default swaps and IHS McCloskey Coal indices used in commodity markets.
EU Benchmark Regulation
BMR aims to bring greater transparency and consistency to financial benchmarks and combat risks to their susceptibility to manipulation. The majority of the provisions came into effect on January 1 this year, and it builds upon the IOSCO Principles for Financial Benchmarks, which were published in July 2013. The regulation will be completely implemented in 2020 when the transitional period ends.
Commenting on the development, Mark Schaedel, the managing director and head of Index Administration Services at IHS Markit said: “IHS Markit has invested a significant amount of resources in BMR compliance, and when appointed as an independent benchmark administrator, we can provide a compliance alternative to clients, which allows them to retain ownership of their indices, and avoid inherent conflicts of interest.
“In addition, as an independent administrator, IHS Markit can provide endorsement for non-European indices which require access to the EU market.”
Aram Flores, managing director and global co-head of financial indices at IHS Markit also added: “across our indices franchise, we strongly support the objectives of BMR in promoting the integrity and transparency of benchmark indices.
“Financial institutions rely upon IHS Markit indices as the gold standard for market indicators, and as we continue to expand our leadership in this space, we will continue to deliver innovation and excellence.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!