Nasdaq launching Bitcoin and Ethereum Indices

Nasdaq will launch two new indices tracking cryptocurrency prices on Feb 25. Bitcoin Liquid Index ( BLX) and the Ethererum Liquid Index (ELX).

The indices, will offer real-time price updates in thirdy-second intervals for clients using NASDAQ’s Global Index Data Service (GIDS).

According to Nasdaq Trader:

Effective Monday, February 25, 2019, Nasdaq, through its data dissemination relationship with Brave New Coin, will send real-time Bitcoin and Ethereum index level information on the Nasdaq Global Index Data ServiceSM (GIDS).

“(BLX and ELX) are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets,” Nasdaq explains, adding:

“Both indices are calculated using a methodology that has been independently audited against key IOSCO principles.”

Nasdaq’s methodology, that is going to be used is reportedly handled and audited according to the International Organisation of Securities Commissions (IOSCO) principles.

Nasdaq added that the BLX is calculated as far as 2010, while the ELX – as far as 2014.

In September, the company began looking into adding crypto data sets to its market analytics suite after considerable demand. Later, it emerged its own Bitcoin futures would launch some time in the first half of 2019.

Source

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy