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The Markit iBoxxFX indices are calculated tick-by-tick from Monday morning in the Far East to Friday’s close on the west coast. The indices are based on central banks’ basket exchange rates, which track the performance of a currency against a defined basket of currencies. The underlying is less volatile than individual cross rates, market access is simple and investors are able to make payments in just one currency. The currency weights in the indices are reviewed annually by Markit for changed central bank trade weights. The indices are calculated by Markit, a neutral third party index provider. Markit’s successful Markit iBoxx bond indices and Markit iTraxx CDS indices have been adopted as market standards. Major financial institutions use Markit iBoxx and Markit iTraxx data and indices as the basis for their research and trading recommendations. As an independent index supplier, Markit is committed to open and transparent markets. Markit indices are objective, fully rules-based, dependable and adhere to highest quality standards. Comprehensive quality controls ensure that users may rely on the indices and use them as a basis for derivative products or for valuing portfolios. |
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