The phrase "global benchmark" refers to a standard or measure that is widely recognized and accepted around the world. It serves as a reference point for comparison or evaluation on a global scale. Full definition
Still, it's modest when compared to the position of international equities in global benchmarks. (blackrockblog.com)
As an established global benchmark, the contract has proven its value in helping participants adapt to evolving global markets and enabling price discovery for oil market participants around the world. (theice.com)
These numbers are similar across other competitor global benchmarks. (indexologyblog.com)