NEW YORK, Might 4, 2021 /PRNewswire/ — S&P Dow Jones Indices (S&P DJI), the world’s main index supplier, has formally launched its new collection 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 collection consists of the next:
Later this 12 months, the S&P Digital Market Indices collection will embrace further cash and broader-based indices equivalent to giant cap and broad market benchmarks.
The indices use pricing knowledge from Lukka, a crypto software program and knowledge 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 based mostly 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 number of the frequent dangers related to this historically speculative market.
“Conventional monetary markets and digital belongings are not mutually unique markets,” stated Peter Roffman, International 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 knowledge. We sit 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 custom-made cryptocurrency indexing options on the finish of final 12 months. Since then within the first quarter of 2021, IDX Insights launched a collection of risk-managed customized cryptocurrency indices – the primary based mostly on S&P DJI’s customized cryptocurrency indexing capabilities.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the most important world useful resource for important index-based ideas, knowledge 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 based mostly on our indices than merchandise based mostly on indices from another supplier on the earth. Since Charles Dow invented the primary index in 1884, S&P DJI has been innovating and growing indices throughout the spectrum of asset courses serving to to outline the best way traders measure and commerce the markets.
S&P Dow Jones Indices is a division of S&P International (NYSE: SPGI), which gives important intelligence for people, firms, and governments to make selections with confidence. For extra data, go to www.spglobal.com/spdji/.
SOURCE S&P Dow Jones Indices