Digital asset reference data and fixings, tailored for institutional markets
London, 11th January 2024 - CCData, the FCA-authorised benchmark administrator and global leader in digital asset data and index solutions, is proud to announce the launch of its Digital Asset (DA) Fixings Benchmark Family. DA Fixings provide an end-of-day reference price for digital assets, based on the foundation of CCData's FCA-regulated CCIX benchmark (formerly CCCAGG). CCData has ranked over 200 centralised and decentralised cryptocurrency exchanges globally and has developed a methodology incorporating a 24-hour volume- weighted average, time penalty factor and stringent outlier detection. This groundbreaking offering represents a major leap forward in digital asset trading, catering to the nuanced needs of institutional stakeholders that require a robust and representative end-of-day reference price. Tailored to align with traditional institutional trading practices, it provides standard price fixings across key geographies/markets, including London, New York and Hong Kong. This provides the best price estimation for traders and investors to value their portfolios using a reliable and market-representative price.
For the launch of this service, CCData has partnered with SIX Group’s ULTUMUS, a leading entity in the traditional and cryptocurrency ETF and index trading ecosystem. ULTUMUS will be the first to integrate DA Fixings into their platform, allowing its clients to access and licence CCData’s DA Fixings through both its ETF/Index feeds and the COSMOS ETF Create/Redeem platform, which is used by leading cryptocurrency and traditional asset ETF issuers. ULTUMUS by SIX serves eight of the top ten global investment banks and ETF issuers. As the leading provider of ETF calculation services, it delivers comprehensive and precise calculations for a broad range of leading issuers, including Global X, HSBC, 21Shares, and VanEck, as well as CoinShares and Virtune. "The launch of CCData’s DA Fixings marks a significant development for the digital asset sector, introducing an innovative digital asset valuation standard designed to meet the specific requirements of institutions in this sector. Our partnership with ULTUMUS by SIX plays a vital role in this endeavour, distributing this data to its esteemed clientele of leading institutions and highlighting our dedication to bringing reliable, market-aligned solutions to the institutional financial ecosystem." said Charles Hayter, CEO and Co-Founder of CCData.
ULTUMUS stated: “ULTUMUS has been at the forefront of providing a managed ETF and Index data service for buy side and sell side institutions in both the traditional and crypto markets space. The ability to provide the digital asset fixing reference pricing and reference data cross-mapped throughout our ETF/Index Feeds and embedded into COSMOS, our ETF create/redeem OMS platform, - allows our clients to be market ready and future proofed with key data points as the crypto and tradfi markets intersect,” comments Bernie Thurston, CEO, ULTUMUS. The Digital Asset (DA) Fixings Benchmark Family by CCData represents a significant step in advancing digital asset reference pricing for institutional digital asset markets.
To learn more about DA Fixings or how our indices or data can support your digital asset strategy, contact us at email@example.com. About CCData: CCData is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and blockchain data. About ULTUMUS by SIX: ULTUMUS is a pure play ETF specialist owned by SIX Group, the Swiss Exchange. Since launching in 2016, ULTUMUS has become the central managed data service for the ETF and Index market. Its technology-enabled solutions capture, normalise, enrich and distribute global ETF and index composition data daily across the entire ETF and Index ecosystem. This is now being used throughout the COSMOS platform to streamline the ETF order management process.