NEW YORK, Could 4, 2021 /PRNewswire/ — S&P Dow Jones Indices (S&P DJI), the world’s main index supplier, has formally launched its new sequence of digital asset benchmarks, the S&P Digital Market Indices. These new S&P-branded indices will measure the efficiency of digital belongings listed on acknowledged open cryptocurrency exchanges.
At launch, the index sequence consists of the next:
Later this yr, the S&P Digital Market Indices sequence will embody extra cash and broader-based indices comparable to giant cap and broad market benchmarks.
The indices use pricing information from Lukka, a crypto software program and information supplier, to find out the eligibility universe and pricing of particular person constituents. S&P DJI’s Index Committee administers the indices. S&P DJI first announced new cryptocurrency asset index capabilities with Lukka in December 2020.
The marketplace for cryptocurrency belongings continues to develop and with that, investor demand for benchmarking and index-based options primarily based on crypto and blockchain belongings is extra important than ever. The Digital Market Indices will make it simpler for traders to entry and assess this rising technology-driven asset class whereas doubtlessly mitigating a few of the frequent dangers related to this historically speculative market.
“Conventional monetary markets and digital belongings are not mutually unique markets,” mentioned Peter Roffman, World Head of Innovation and Technique at S&P Dow Jones Indices. “As cryptocurrency turns into extra mainstream, traders now have entry to dependable and clear benchmarks backed by institutional high quality pricing information. We stay up for additional increasing our new household of Digital Market Indices and bringing a lot wanted transparency to this thrilling market.”
Along with the brand new S&P Digital Market Indices, S&P DJI additionally launched personalized cryptocurrency indexing options on the finish of final yr. Since then within the first quarter of 2021, IDX Insights launched a sequence of risk-managed customized cryptocurrency indices – the primary primarily based on S&P DJI’s customized cryptocurrency indexing capabilities.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the biggest international useful resource for important index-based ideas, information and analysis, and residential to iconic monetary market indicators, such because the S&P 500® and the Dow Jones Industrial Common®. Extra belongings are invested in merchandise primarily based on our indices than merchandise primarily based on indices from every other supplier on the planet. Since Charles Dow invented the primary index in 1884, S&P DJI has been innovating and creating indices throughout the spectrum of asset lessons serving to to outline the best way traders measure and commerce the markets.
S&P Dow Jones Indices is a division of S&P World (NYSE: SPGI), which gives important intelligence for people, firms, and governments to make choices with confidence. For extra info, go to www.spglobal.com/spdji/.
SOURCE S&P Dow Jones Indices
— to www.prnewswire.com