The GTi12 Index is out now by Global GT
Regulated Hybrid Broker Global GT has released the GTi12 Index, an index that is comprised of 12 CFD Cryptos in 1.
The research and development team of Global GT combined their extensive knowledge to create the GTi12 Index, a totally new asset class and instrument that is now available for trading for Global GT clients.
The GTi12 Index has gained traction rapidly, since the ability to trade 12 CFD Cryptos (BTC and altcoins) in one CFD Index that is available exclusively on the Global GT MT5 platform (8 asset classes are available in total), has captured the interest of both new and experienced FX, CFD, Crypto / altcoin traders who are seeking to try something new or to diversify their trading strategies.
The real time pricing data of each constituent derives from Global GT's sophisticated liquidity aggregation engine. The algorithm calculates the Bid and Ask of each of the 12 constituents that make up the Index's buy and sell prices, rounded up to four decimal points.
Unlike
more traditional indices that are price-weighted taking into consideration a
simpler arithmetic method for tracking price movements, the GTi12 Index is formed based on a geometric
calculation method, that reflects both exponential and varying growths of
cryptos over a defined period of time. The same is applied for all selected
cryptos, whereby all 12 cryptocurrencies have an equal share and impact on the
price of the Index.
The current GTi12 Index is composed of the BTC (Bitcoin), ETH (Ethereum), XRP
(Ripple), LTC (Litecoin), BCH (Bitcoin Cash Node), BSV (Bitcoin Cash), XLM
(Stellar), Eos (EOS), DOT (Polkadot), BNB (Binance Coin), TRX (Tron) and ADA
(Cardano).
To ensure that the Index reflects market sentiment, one week before the end of each quarter, the GTi12 Index is reviewed and re-evaluated, whereby the cryptos to be selected once again or replaced will be chosen as per their market cap, ranking, liquidity and other factors, as determined by the technical experts of Global GT.
The GTi12 Index can be traded with low spreads and
a leverage of up to 1:100 in Standard and ECN accounts. Standard account
holders are eligible of receiving various Deposit Bonuses based on their
consecutive transfer-ins, where they may earn up to
US $6,600 in trading credits.
Clients of Global GT also have the advantage to deposit and withdraw in both Fiat and Cryptos, with zero transaction fees.
Risk Disclaimer: CFDs are complex instruments and carry a high level of risk of losing money rapidly due to leverage.
