CF Benchmarks
CF benchmarks logo

May 12, 2023

Notice of the Demising of CF OMG Network-Dollar Settlement Price and Spot Rate and Implementation Date

The Administrator announces that it will demise the CF OMG Network-Dollar Settlement Price and CF OMG Network-Dollar Spot Rate, members of the CF Cryptocurrency Index Family.

Rationale

In line with the Administrator’s methodology rules, indices for any given Relevant Pair shall require input data from no less than two (2) Constituent Exchanges.

As of May 12th, 2023 input data for the CF OMG Network-Dollar Settlement Price and CF OMG Network-Dollar Spot Rate are only available from a single Constituent Exchange, Kraken. Thus the CF OMG Network-Dollar Settlement Price and CF OMG Network-Dollar Spot Rate no longer conform with the CF Settlement Price Methodology and CF Spot Rate Methodology rules.

Implementation Date

Accordingly, the Administrator will demise both benchmarks at 1030 London Time on May 23rd, 2023. This means the CF OMG Network-Dollar Settlement Price published on May 22nd, 2023 will be the final value of this benchmark. The final value of the CF OMG Network-Dollar Spot Rate will be published at approximately 1030 London Time on May 23rd, 2023.

Questions or queries regarding this demise should be directed to [email protected].

Any complaints regarding this demise process can be made confidentially by writing to [email protected].





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.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.


CF Benchmarks
CF Benchmarks

CF Benchmarks

More on this subject

Market Recap: Higher Inflation & Rates Bite at ‘Halving’ Hopes

Asset Allocators

Market Recap: Higher Inflation & Rates Bite at ‘Halving’ HopesOur market recap report offers a brief summary of the blockchain economic categories and their recent price performance amid a broader market landscape.
Gabriel Selby
Gabriel Selby

Gabriel Selby

2 mins read
CME CF Ether-Dollar Reference Rate - Asia Pacific Variant: Explainer Video

CME CF Ether-Dollar Reference Rate - Asia Pacific Variant: Explainer Videohe CME CF Ether-Dollar Reference Rate - Asia Pacific Variant (ETHUSD_AP) is a once a day benchmark index price for Ether that aggregates trade data from multiple Ether-USD markets operated by major cryptocurrency exchanges that conform to the CME CF Constituent Exchange Criteria.
CF Benchmarks
CF Benchmarks

CF Benchmarks

1 mins read
CME CF Bitcoin Reference Rate - Asia Pacific Variant: Explainer Video

CME CF Bitcoin Reference Rate - Asia Pacific Variant: Explainer VideoInstitutional investors rely on the CME CF Bitcoin Reference Rate - Asia Pacific Variant (BRRAP), the most liquid price of Bitcoin -REPRESENTATIVE of the market, RESISTANT to manipulation and REPLICABLE by market participants.
CF Benchmarks
CF Benchmarks

CF Benchmarks

1 mins read
More posts...