New York City, New York
NEW YORK CITY, NY (February 2, 2023 – 500NewsWire) — dxFeed, a leading data solutions and index management provider for the global financial industry for both traditional and cryptocurrencies, launched the dxFeed Ethereum Blockchain Value Index. The new index family estimates the value of the Ethereum blockchain by composing a portfolio of representative tokens from that blockchain and calculating their market prices in real time.
The dxFeed Blockchain Value Index Family is based on the company’s proprietary methodology and consists of four indices (EMCN, EMC, EVTN, EVT). Their respective configurations are available depending on the weighting scheme and whether the native token ETH is included in the set of index components.
The market capitalization weighting reflects the relative ‘importance’ of the token to the blockchain in terms of total ‘mass’. The volume-to-sales ratio weighting scheme assigns greater weight to tokens with higher liquidity. The composition of the index has remained relatively stable even after regular rebalancing procedures, especially given the high volatility across the crypto asset class.
“dxFeed started the index management business line by creating products for various exchanges and companies including SmallEx, MIAX, Clouty, etc. Now our professional quant team is growing and strengthening. dxFeed is constantly expanding its own index line.” dxFeed CEO Oleg Solodukhin.
Another advantage of the new index family is that dxFeed leverages access to large amounts of historical market data, including transactional data for Ethereum-based tokens.
The company kicked off its index pool in fall 2022 by introducing the Crypto Twin, Honest Gold (HAU), and Crypto Ortho 500 (COSM) indexes on the US Dollar Index (USDX).
dxFeed is a leading provider of market data and services and a computational agent for the capital markets industry. WatersTechnology 2022 IMD & IRD Awards honors it as “Most Innovative Market Data Project”. dxFeed is primarily focused on providing financial information and services to buy-side and sell-side institutions in both traditional and cryptocurrency global markets. This includes brokerage firms, prop traders, exchanges, individuals (traders, quants, portfolio managers), and academia (educational institutions and researchers).
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