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Fastmarkets, a leading cross-commodity price reporting agency (PRA), has successfully completed its annual independent assurance review conducted by BDO, confirming alignment with the International Organization of Securities Commissions (IOSCO) Principles for Oil Price Reporting Agencies as of June 30, 2025.
The review evaluated Fastmarkets’ key price assessments and indices across metals and mining, forest products, and agricultural markets, as well as benchmarks administered by Fastmarkets Benchmark Administration Oy. Established in 2020 and based in Finland, FBA Oy oversees benchmarks to ensure compliance with the EU Benchmark Regulation (BMR).
“This year’s assurance review underscores our dedication to transparency, integrity and rigor in price reporting,” said Raju Daswani, CEO of Fastmarkets. “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 offer a globally recognized framework for benchmark governance, focusing on transparency, consistency and accountability. The assurance review evaluates governance, control systems, policies and methodologies to verify compliance with these standards.
The European Securities and Markets Authority (ESMA) has also confirmed that this review meets the BMR audit requirements for commodity benchmarks (paragraph 18 of Annex II).
For access to the independent assurance report and details on Fastmarkets’ pricing methodology and specifications, click here.
Email media@fastmarkets.com to connect with the team and find out how Fastmarkets can help you.