- Written by: Jared Kirui
- Thu, 01 Feb 2024
- Israel
The global financial information provider, SIX, haslaunched the new SIX Reference Rate Crypto and SIX Real-Time Crypto Indices,aiming to serve as benchmarks for AsiaNext's crypto derivatives tradingplatform and institutional investors worldwide.The financial information provider has introduced a setof indices aimed at enhancing crypto trading. The new SIX Reference Rate Cryptoand SIX Real-Time Crypto Indices promise to offer unprecedented transparencyand reliability in the crypto market.These indices cover major crypto assets like Bitcoin and Ethereum, providing a comprehensive overview of the market'sperformance.AsiaNext's RoleDr. Christian Bahr, the Head of Index Services and Financial Information at SIX, mentioned: "The introduction of these BTCand ETH Indices underlines our dedication to delivering sophisticated andwell-tailored solutions for very specific use-cases, such as crypto derivativestrading. I am confident that these benchmarks will serve as an indispensabletool for AsiaNext and foster the creation of an ecosystem between derivativeexchanges and institutional investors." AsiaNext, a digital asset trading venue co-foundedby SIX and SBI Digital Asset Holdings, is set to benefit from these indices.With a focus on regulation and stringent standards of corporate governance,AsiaNext aims to provide institutional investors with a secure platform forexecuting market strategies and trading digital assets confidently.According to a statement sent to Finance Magnates,the partnership between AsiaNext and SIX symbolizes the convergence oftraditional finance and the crypto ecosystem. By offering institutions thenecessary governance, processes, and tools to navigate the volatile cryptomarket, this collaboration sets a significant milestone for the industry.The Future of Derivatives and ETF Trading?Sudeep Chatterjee, the Head of Product at AsiaNext,highlighted the commitment to providing institutional clients with robustcrypto derivatives trading, including standardized performance evaluation andtimely risk management.Last year, SIX introduced ETF QOD Europe, a platformdesigned to enhance the trading experience for European ETFs and ETPs. Thismove signifies a strategic expansion for SIX, positioning it as a regulatedexchange operator catering to the diverse needs of traders and asset managersacross various European markets.ETF QOD Europe addresses the evolving needs ofmarket participants by offering diverse execution mechanisms, high liquidity,and competitive pricing. Through collaborations with internal CCP SIX x-clear,Cboe Clear Europe, and LCH Ltd, the platform ensures seamless on-exchangeprocessing, clearing, and settlement, mitigating counterparty risk andoptimizing trading costs.This article was written by Jared Kirui at www.financemagnates.com.