The CAC 40 of crypto – The indices fellows have passed into common parlance. The media relay the rise or fall of the CAC 40 and the average person worries or rejoices according to the news. National or international, the “indexes” are indicators of tendency which make it possible to visualize the stock market performance of a sector at a glance. The scholarship London is about to launch eight new indices specially designed for the cryptocurrency in order to monitor this increasingly important market even more closely. When traditional finance gets closer to crypto, the Journal du Coin is here to explain it all to you.
What is a stock index?
And index fellow is a indicator which generally brings together the largest capitalizations of a sector, a stock exchange or an economy. They are created with a certain number of basis points and evolve according to the price of each of the shares that constitute them. In detail, complex calculations make it possible to weight these indices, but this is not the most important.
In Francethe most widely used is CAC 40 which is a representative basket of 40 companies of the national economy, but we also hear about the DAX German or FTSE 100 English – pronounced “foutsi” – but we will come back to this very soon. To United Stateswe are talking about S&P 500 for the largest American companies, from Dow Jones for the scholarship New-York or even Nasdaq which focuses on technology stocks Americans. On the market Asian, there is the Nikkei 225 for Japan or the Hang Seng for Hong Kong.
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8 new indices for cryptocurrency in London
But back to the London Stock Exchange and its subsidiary Financial Times Stock Exchange Russelwhich produces stock market indices. FTSE is both the company’s acronym and the name of its flagship index, the FTSE 100. November 29th last, this specialist in traditional finance announced the launch of new indices dedicated to the cryptocurrency in collaboration with Digital Asset Researcha crypto data professional for institutional.
The series of these indices will be part of FTSE Digital Asset Index which will concern large caps in the sector, but also medium and small ones. Some will even mix it all together to cover the entire ecosystem. The company has not yet communicated the bouquet precise of cryptos that will constitute each index, but it published a document which traces the performances of the first three quarters of 2022 to get an idea while waiting for more information.
These tools will join the S&P Cryptocurrency Indexthe Nasdaq Crypto Index and the CMC Crypto 200 Index of Solactive, three indices cryptos already present on world exchanges. Arne Staal, CEO of FTSE Russell, welcomed ” contribute to the transparency of the current market and prepare for future changes “. The establishment of these indices will probably contribute to the democratization of a booming sector, which is increasingly of interest to traditional finance.
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