15 November London Exchange to Launch Crypto Index.
The Index will provide investors with transparent and reliable benchmarks for Bitcoin pricing in the UK time zone.
The company's LSE CEO Bonnie Y Chan said it would "reinforce London's role as an international financial center".
The index will be administered and calculated by CCData, a UK-registered benchmark administrator and virtual asset data and index provider.
The index series will include a reference index for $BTC and $ETH , as well as a reference rate for bitcoin and ether.
The reference index is a 24-hour volume weighted reference spot price of bitcoin or ether, using prices aggregated from top-rated virtual asset exchanges. It will be calculated in real-time and denominated in British pounds.
The reference rate is designed for the settlement of financial products, calculated daily at 4:00 pm London time.
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