IX Asia Indexes Company Limited (‘IX Asia Indexes’) announced launch of the worldwide real-time dissemination of its ixCrypto Index (“IXCI”). IXCI will be disseminated via Nasdaq Global Index Data Service (GIDS)
HONG KONG, November 06, 2020 /24-7PressRelease/ — Today, IX Asia Indexes Company Limited (‘IX Asia Indexes’) announced launch of the worldwide real-time dissemination of its ixCrypto Index (“IXCI”). IXCI will be disseminated via Nasdaq Global Index Data Service (GIDS) to reach information service providers and millions of investors in over 85 countries at a 15-second dissemination interval.
IXCI is the flagship project of IX Asia Indexes, as well as the first crypto benchmark index launched in Hong Kong. This enhancement aims to provide a better service level to the investment market in response to the growing demand for digital asset index products in Hong Kong and other parts of Asia.
“We are very grateful to Nasdaq’s data services team in the course of our connection to their Global Index Data Service (GIDS). Both the IX and Nasdaq teams have been working hard in the past few months in different time zones to achieve the common goal. We are expecting that the real-time index can satisfy the market needs for launching cryptocurrency index spot, futures, and options products for diversification and hedging purposes.”, Irene Wong, CEO of IX Asia Indexes said.
The first index level of the day will be disseminated at 9 A.M. on every Hong Kong trading day, and for every 15 seconds to update until 9 P.M. (and keep updating per 15 seconds until 9 P.M) The real-time IXCI will be available for viewing on the ixCrypto Index official webpage and the Nasdaq Global Index Data Service (GIDS) with the ticker “IXCI”.
For more details about the real-time ixCrypto Index, please stay tuned for updates on our website: https://ix-index.com.
For further enquiries, please contact:
Hugo ZHENG +852 5222 1646
(Asian Time) [email protected]
Oriol CAUDEVILLA +852 3595 3638
(European Time) [email protected]
About IX Fintech Group and IX Asia Indexes
IX Asia Indexes Company Limited is a wholly-owned subsidiary of the IX Fintech Group. Aiming to become one of the leading index compilers in Asia, its services in the areas of both real and digital assets cover index consultancy, index design, index calculation and dissemination, and index education. As a key participant of Cyberport Hong Kong, and supporter of the University of Hong Kong (“HKU”) Internship and Career Mentorship Program, IX Asia Indexes launched the first Hong Kong cryptocurrency index – ixCrypto Index together with its mentees from HKU in 2018 with growing subscription. The index platform was awarded the ETNet Fintech Award
– Outstanding Crypto Index Platform (Wealth Investment & Management) 2019. ixCrypto Index is created by IX Asia Indexes and licensed to ixFintech for its dissemination.
About ixCrypto Index
The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. On 1 June 2020, the hourly index was launched. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top 25, ranking by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. The daily index level is updated daily on Hong Kong trading day at the ixFintech webpage at 12:00 noon, Hong Kong time. The hourly index is available from 9am-9pm and updated at every :00 of the hour. The 15-second index is available from 9am-9pm and updated every 15 seconds.
About IX Asia Indexes Advisory Committee
To ensure the professionality and impartiality of the index methodologies and operations, ixAsia has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet twice a year to discuss matters relating to the ixAsia Indexes, including to review and to comment the data sources, methodologies, and operations of ixAsia Indexes, to provide guidance to the future development of new ixAsia Indexes and to handle other issues and decisions on an as-needed basis.
For the original version of this press release, please visit 24-7PressRelease.com here