- SIX has introduced the SIX Reference Rate Crypto and SIX Real-Time Crypto Indexes, aiming to be a reference point for institutional investors worldwide.
- Developed using a transparent, rule-based methodology, these indexes utilize data from multiple exchanges to provide clarity and consistency.
- The SIX Reference Rate Crypto Indexes provide hourly reference prices in USD for BTC
and ETH, while the BTC and ETH SIX Real-Time Indexes are updated every second.
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AsiaNext’s crypto derivatives trading platform, SIX, has taken steps to launch real-time crypto indexes for Bitcoin and Ethereum.
SIX Announces Bitcoin and Ethereum Indexes
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SIX, AsiaNext’s crypto derivatives trading platform, has launched the SIX Reference Rate Crypto and SIX Real-Time Crypto Indexes, aiming to be a reference point for institutional investors worldwide. Focusing on significant crypto assets such as Bitcoin (BTC) and Ethereum (ETH), these indexes aim to provide a comprehensive market overview and performance metrics.
Developed using a transparent, rule-based methodology, these indexes utilize data from multiple exchanges to provide clarity and consistency. Christian Bahr, President of SIX Financial Information Index Services, said, ‘The introduction of these BTC and ETH Indexes emphasizes our commitment to providing sophisticated and well-adapted solutions for very specific use cases, such as crypto derivatives trading. I believe these indexes will serve as an indispensable tool for AsiaNext and contribute to building an ecosystem between derivative exchanges and institutional investors.’
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Sudeep Chatterjee, Head of Products at AsiaNext, added, ‘As AsiaNext, we are pleased to partner with SIX for an industry reference point for the crypto market; this underscores our commitment to providing robust crypto derivatives trading for institutional clients, including standardized performance assessments and timely risk management, enabling them to make more informed investment decisions and comply with regulatory requirements.’
Designed to facilitate detailed market analysis and strategic decision-making processes by aiding precise pricing, valuation, and performance tracking in the crypto market, these indexes are crucial. While the SIX Reference Rate Crypto Indexes provide hourly reference prices in USD for BTC and ETH, the BTC and ETH SIX Real-Time Indexes are updated every second.
SIX and SBI Joint Venture: AsiaNext
AsiaNext, jointly established by SIX and SBI Digital Asset Holdings, is a digital asset trading platform that strictly adheres to corporate governance and internal control standards, serving institutional investors. Earlier this year, the company announced crypto derivatives trading, a significant development for those seeking a secure place for digital asset trading for institutional investors.
AsiaNext received regulatory approval from the Monetary Authority of Singapore in September and will offer a broad product range, including digital securities, tokenized real-world assets, and sustainability-focused listings.
Trading members, including renowned market maker B2C2 and leading prime broker, can benefit from reduced risks in risk and settlement without compromising on capital efficiency. AsiaNext’s innovative risk management process, flexibility, and frequent intraday margin and settlement run support enable members to take advantage of capital efficiencies.
AsiaNext pioneers a unique connectivity solution supported by Colt, providing low-latency and high-frequency trading support, specifically tailored to the demands of professional traders within an institutional setting.