Eurex, the European clearing house that is part of Deutsche Börse Group, has recently launched a futures and options contract against Ethereum. This joins an earlier contract for Bitcoin futures.
Both track indexes managed by FTSE Russell, which has sought to one-up its bigger rivals in the indexing game by making a big bet on digital assets.
That bet may be now paying off, says Kristen Mierzwa, New York-based head of digital assets at FTSE Russell. “We’ve made a big investment,” she said.
She credits the move to Mark Makepeace, the founder of FTSE, who launched the index provider in 1995 out of the London Stock Exchange as a British counter to MSCI, Standard & Poor’s and Dow Jones Indexes. In 2015 the group acquired another index business, Frank Russell Company.
The index business
Index vendors create equities benchmarks followed by mutual funds and other institutional investors, and sometimes by retail…
