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.
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