Fastmarkets Enhances Transparency Through Annual Independent Assurance Review for IOSCO Compliance

Fastmarkets Strengthens Commitment to IOSCO Compliance

Fastmarkets, a prominent cross-commodity price reporting agency (PRA), has successfully concluded its annual independent assurance review, which is essential for aligning its operations with the International Organization of Securities Commissions (IOSCO) Principles. This review, completed by BDO and effective as of June 30, 2025, highlights the organization’s adherence to the highest standards in price reporting, reinforcing its commitment to transparency and integrity.

The review examined Fastmarkets' critical price assessments and indices across various sectors, including metals, mining, forest products, and agriculture. Additionally, the evaluation included benchmarks overseen by Fastmarkets Benchmark Administration Oy (FBA Oy), an entity established in 2020 and based in Finland. This group was created to guarantee compliance with the European Union Benchmark Regulation (BMR).

Raju Daswani, CEO of Fastmarkets, stated, "This year's assurance review underscores our dedication to transparency, integrity, and rigor in price reporting. The confirmation of our alignment with IOSCO PRA Principles highlights the robustness of our methodologies and governance. With 13 additional benchmarks now achieving IOSCO Type 1 accreditation, we remain committed to providing trusted, compliant, and high-quality pricing solutions for global commodity markets."

The IOSCO Principles provide a globally recognized framework for benchmark governance by emphasizing transparency, consistency, and accountability in price reporting. The annual assurance review scrutinizes governance structures, control systems, policies, and methodologies to ensure compliance with these internationally accepted standards. The European Securities and Markets Authority (ESMA) has also recognized that Fastmarkets’ assurance review satisfies the BMR audit requirements for commodity benchmarks.

Fastmarkets has played a crucial role in the agricultural, forest products, metals, carbon, and energy transition commodities markets. The company's pricing solutions are indispensable for stakeholders looking to navigate complex and often opaque markets effectively. Fastmarkets offers a comprehensive suite of services, including benchmark prices, assessments, forecasts, analytics, insights, news, and events that cater to the information needs of their customers.

Founded in 1865, Fastmarkets has built a reputation based on trust and a deep understanding of market dynamics. With over 650 employees located throughout multiple global offices in regions such as the UK, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine, and Finland, the company demonstrates its robust international presence and ability to deliver vital market insights. As a privately held UK-registered entity, Fastmarkets is owned by its shareholders and Astorg, a European private equity firm.

For additional information regarding the findings of the independent assurance report and the specifics of Fastmarkets’ pricing methodologies, interested parties can visit the official Fastmarkets website. Furthermore, to get in touch with the Fastmarkets team for any inquiries, you can email [insert email address].

Fastmarkets remains focused on fostering trust and delivering high-quality, compliant pricing solutions that enhance market function, making a significant impact in the commodities trading environment globally.