.BTRX_NEXT Index Details

The BitMEX .BTRX_NEXT Index shows what the .BTRX Index Price would be under the most recently updated index weights. Once new weights are announced, .BTRX_NEXT will display the hypothetical index prices with the new weights. Once the announced weights are live, .BTRX and .BTRX_NEXT will have the same price until the next announcement of new weights. .BTRX_NEXT is not used for valuation or settlement.

.BTRX_NEXT Index Weights

Further information on the composition, calculation and scheduling of BitMEX indices is available.

This index is composite and hybrid, which means the price is built from multiple sources against multiple underlying currencies or cryptocurrencies. The Source Prices are converted to a common denominator using the corresponding BitMEX index. See the Composite Index Breakdown below for information on the constituents. If a constituent stops publishing or no trades are printed for over 15 minutes, BitMEX may automatically remove that constituent from the index until trading resumes.

Index Weight Calculation

The BitMEX index weights are computed using volume data obtained directly via API connection from each of the constituent exchanges listed above. Proprietary mechanisms are used to identify malformed and anomalous data, which is discarded. The index weight calculation removes constituents with insufficient trade volume.

.BTRX_NEXT Index Historical Values

For the avoidance of doubt, and in accordance with BitMEX Terms of Service, HDR Global Trading Limited (operator of the BitMEX trading platform) accepts no responsibility for the accuracy of any volume (or other) data received from any exchange and used to calculate the value of any BitMEX index and excludes all liability for any claimed losses arising in connection with its calculation and publication of any such index.