Index Rebalances March 2020

FTX will rebalance its index futures on March 27th, 2020 from 12pm to 1pm Hong Kong Time.

In addition to this, we will be changing the tick size for BTC perpetual and quarterly futures from $0.25 to $0.50.

Note that we will not halt any trading during this period; everything should function as normal.

The index changes will be as follows:

New Index Weights

Notes:

1. The weights here will all be multiplied by a factor during the rebalance such that their value lines up with the old index.  See here for details.
2. ALT uses the same coin indexes as the coins' individual futures.  PRIV/DRGN/EXCH use the same coin indexes as those in ALT/MID/SHIT.
3. We are introducing 20% weight caps for a single coin in each of the indexes.  Note that, because of price movements, those caps are as of the index creation and could be breached later on.
4. We reserve the right to further amend the indexes if there are further changes, although we intend to give at least 24 hour notice before the rebalance and hope to give significantly more than that.

ALT

MID

SHIT

DRGN

PRIV

EXCH

ETC

• OKEx ETC/USDT
• Huobi ETC/USDT
• Binance ETC/USDT
• Kraken ETC/USD

XAUT

• Bitfinex XAUT/USDT
• Bitfinex XAUT/USD (Note we multiply this by [BTC Index] / [Bitfinex BTC/USD])
• FTX XAUT/USD

Old Index Weights

For reference, the old index are below.  These will no longer be the index weights after the rebalance.

EXCH: All of the above markets for BNB, HT, OKB, and LEO.  Within each coin each element is weighted equally.  EXCH contains:

• BNB Index: 11.1
• HT Index: 62.91
• OKB Index: 93.31
• LEO Index: 219.25

DRGN: The Dragon Index contains all of the below (from ALT/MID/SHIT) markets for BTM, IOST, NEO, NULS, ONT, TUM, TRX, VET.  Within each coin each element is weighted equally.  DRGN contains:

• BTM: 787.79
• IOST: 20192.45
• NEO: 10.39
• NULS: 260.91
• ONT: 122.43
• QTUM: 48.62
• TRX: 5513.48
• VET: 28048.09

ALT: All of the above markets for ETH, EOS, XRP, BNB, TRX, LEO, BCH, BSV, and LTC.  Within each coin each element is weighted equally.  ALT contains:

• BCH Index: 0.264
• BNB Index: 1.343
• BSV Index: 0.297
• EOS Index: 21.427
• ETH Index: 1.195
• LEO Index: 4.375
• LTC Index: 0.889
• TRX Index: 2223.529
• XRP Index: 228.964

MID: The Mid Cap index contains the following coins and quantities:

SHIT: The Shitcoin Index contains the following coins and quantities:

* KNC is Kyber Network

PRIV: The Privacy Index contains the following coins and quantities: 

ETC

• Binance ETC/TUSD
• Bittrex ETC/USD
• Gdax ETC/USD
• Kraken ETC/USD

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