Liquid Index Series October 2020 Quarterly Review
Brave New Coin Index Governance Committee announces the following items discussed during the BNC October 2020 Quarterly Index Review. This change will affect the Bitcoin Liquid Index (BLX), Ethereum Liquid Index and XRP Liquid Index (XRPLX).
| Index Name | Nasdaq GIDS Ticker | Reuters Instrument Code |
|---|---|---|
| Bitcoin Liquid Index (BLX) | INDEXNASDAQ:BLX | BTCINX=BNC |
| Ethereum Liquid Index (ELX) | INDEXNASDAQ:ELX | ELXINX=BNC |
| XRP Liquid Index (XRPLX) | INDEXNASDAQ:XRPLX | XRPINX=BNC |
The Liquid Index series is a collection of single-asset indices covering the largest crypto currencies (BTC, ETH and XRP). Each index is priced using transaction data sourced from the most trusted and liquid exchanges. The Liquid Indices Series is used by a number of industry professionals, financial products and has been independently audited and aligned with IOSCO benchmark principles.
Constituent Review
At each quarterly review, the BNC Index Governance Committee completes a review of all pricing sources (exchanges) to ensure their ongoing adherence to the pricing source eligibility criteria. Following this review, there has been no change to the constituent pricing sources of the Liquid Index Series.
Additionally a number of quantitative features are sampled for each constituent market over the last quarter, to monitor liquidity and index health. Quarter three of 2020 saw a slight downturn in constituent market volumes, after trending up through Q1 and Q2. The ordebooks of constituent markets retained their depth, as did the average number of transactions per day.
Please see the below public release for full details on this announcement.
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