Eurex Set to Launch European Bitcoin Index Futures Based on FTSE DAR Pricing

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“Perhaps most important in this market, together with DAR, we have created a verification methodology to establish a standard for the inclusion of digital assets and exchange indices, which offers consistent prices reflecting the real market. investments to the investment community.

Eurex, the international exchange that primarily offers European-based derivatives trading, is set to launch the first European Bitcoin Index futures contracts based on FTSE DAR pricing.

FTSE DAR Pricing is published by Digital Asset Research (DAR), a provider of high-quality crypto market data and information that has just launched the DARs Exchange Vetting methodology, in combination with the robust index methodology and FTSE Russell’s governance framework.

Eurex, the first exchange in Europe to offer Bitcoin index futures, is Europe’s largest futures and options market. Commodities traded on this exchange vary from German and Swiss debt securities to European stocks and various stock indices. The resulting net FTSE DAR pricing will provide the institutional grade foundation for the new Eurex Bitcoin Index Futures.

DAR’s five-step process: verify, qualify, aggregate, cleanse and calculate

The asset and exchange verification process combines traditional quantitative and qualitative due diligence to identify exchanges reporting accurate volumes and weed out exchanges that are not suitable for determining an accurate market price. DAR performs its Exchange Vetting quarterly.

The DAR pricing methodology solves many of the problems associated with crypto pricing by implementing extensive quantitative and qualitative due diligence. To achieve this, DAR uses a five-step process to review, qualify, aggregate, cleanse, and price digital assets.

The FTSE Bitcoin Index, which is the underlying of Eurexs Bitcoin Index Futures, reflects the settlement price of Bitcoin as determined by the FTSE DAR benchmark price. The new futures contracts are traded in EUR and USD. Liquidity will be supported by the order book and OTC liquidity providers.

Verification methodology to establish a standard for the inclusion of digital assets and exchange indices

Arne Staal, CEO of FTSE Russell, a London Stock Exchange Group (LSEG) company: We are excited about this next step in expanding the digital asset ecosystem to meet the risk management needs of institutional investors’ clients . Our digital asset indices apply the same rigorous index policy and governance framework used with our equity and fixed income products. Perhaps most important in this market, together with DAR, we have created a verification methodology to establish a standard for the inclusion of digital assets and exchange indices, which offers consistent prices reflecting the real market for investments to the investment community.

Doug Schwenk, CEO of DAR, said, “We are excited to provide ‘clean’ pricing for Eurex’s first Bitcoin index futures with a focus on accurate price discovery, transparency and consistency. through our exchange verification process and FTSE DAR pricing methodology.

Michael Peters, CEO of Eurex: “Investors need strong trading and clearing guarantees when engaging in the crypto market. We look forward to working with FTSE Russell and Digital Asset Research to jointly deliver superior transparency, consistency and safeguards to this emerging asset class.

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