MV Index Solutions (MVIS) has launched the BlueStar Global E-Brokers and Digital Capital Markets Index (BBIDS).
BBIDS is a global index that tracks the performance of the online securities brokerage and lending, market making, and digital asset capital markets industries. This includes companies with at least 50 per cent of their revenues or operating activity from the following: Online brokerage or trading platforms – including self-directed wealth management platforms and robo-advisors, online lending platforms that also offer e-brokerage services, market making, or digital asset portfolio management/capital markets activities.
“Today we enthusiastically announce the launch of our Global E-Brokers and Digital Capital Markets Index. This index represents the companies at the forefront of the digitisation and transformation of the world’s capital markets. Similar to how e-commerce and online gaming transformed the retail and media industries, online trading in securities and digital assets is facilitating greater involvement by younger generations, and is gaining traction with older generations of investors. We believe brokers and digital asset firms that have an online-first product strategy can capture more market share as these younger generations grow in terms of wealth and prominence throughout the world economy,” says Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.
The BlueStar Global E-Brokers and Digital Capital Markets Index (ticker: BBIDS) is weighted by free-float market capitalisation and is calculated in USD as a price , total return gross and total return net index. The index is reviewed on a semi-annual basis. Detailed information about the indices, including methodology details and index data are available on the MV Index Solutions website.