- In order to further increase the reliability and value of the
PIX-index system, FOEX Indexes Ltd has an appointed Expert Panel. The
main tasks of the panel are:
- To provide their view on the price formation, should there be, for some reason, a period when
- sufficient price data from the market was not available (never happened so far)
- To give their opinion on the validity of the index values, should there be an official legal
- complaint against PIX-system or individual values (never happened so far)
- To assist the FOEX personnel, case need, in the development of new indices
- To communicate to FOEX the opinions from the market on the validity and use of the indices
- Private, independent company, located in Helsinki, Finland
- Owned by private individuals and investment companies
- Publishes weekly and monthly audited pulp, paper & paperboard price indexes
- Offers contracts to the financial community for the use, against commission, of PIX indexes as benchmarks for financial products used in hedging price risks
- Offers contracts with individual companies to use PIX indexes as a basis for their supply
- contracts with their clients/suppliers or internally
- Owns the trademark rights to the PIX indexes
- Provides subscribers with up-to-date pulp & paper market information
- Staff highly experienced in pulp and paper sector
- Chairman: Niilo Pellonmaa; Managing Director: Timo Teräs
