Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family
To promote an orderly transition and minimise any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on October 31st 2022, meaning that the last values to be published shall be for October 30th 2022.
The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family:
CF Avalanche-Dollar Settlement Price
CF Avalanche-Dollar Spot Rate
CF Filecoin-Dollar Settlement Price
CF Filecoin-Dollar Spot Rate
CF Tezos-Dollar Settlement Price
CF Tezos-Dollar Spot Rate
Rationale for Cessation
The reason for cessation of these benchmarks is commercial. The Administrator will publish benchmarks to replace them that will:
Utilise input data from the same pool of Constituent Exchanges
Utilise the same calculation methodology
Be published at the same time of day – 16:00 London – utilising input data during the most liquid period for trading in the Asset Pairs
Mean no loss of service for index users
To promote an orderly transition and minimise any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on October 31st 2022, meaning that the last values to be published will be for October 30th 2022.
In accordance with the Administrator's policies and procedures, this cessation will not be subject to a consultation process.
Alternative benchmarks to those that are the subject of this announcement will be available from the Administrator. The alternative benchmarks will be determined using the same calculation methodology and published at the same time of day as the benchmarks that are the subject of this announcement. The alternative benchmarks will be available to license from the Administrator. All existing licensees will automatically be licensed to utilise the alternative benchmarks for all existing use cases.
The CF Oversight Function has provided oversight to this process.
Should any user wish to file a complaint regarding this cessation process, they can do so confidentially by emailing firstname.lastname@example.org
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
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