Deutsche Borse has launched the CX index family for commodities, which charts 19 commodities in five classes: agricultural products, energy, precious metals, industrial metals and livestock.
Sub-indices were also created for every class that contains different commodities; currently, 36 indices fall under the family index.
The CX index aims to help financial investors gain access to more commodities.
“The CX indices offer an outstanding level of transparency thanks to their clearly defined rules and the fact that they mirror activity on the capital markets for commodities, making them an ideal instrument for financial investors,” says Holger Wohlenberg, head of market data and analytics.
The index and the sub-indices are all calculated in US dollars, euros, spot return, excess return and total return indices.
Commodities must generate 100,000 contracts a day and trading volumes of more than 10,000 per year to be accepted in the index.