Stock exchange operator Nasdaq will add Brave New Coin’s XRP Liquid Index (XRPLX) to its platform. Beginning on May 1, 2019 Nasdaq will send real-time information on Ripple (XRP) through its Global Index Data Service.
The index provides real-time information on rates of 1 XRP with quotes in US dollars. Information on the platform will be updated every five minutes.
According to Nasdaq,
“The XRP Liquid Index (XRPLX) is designed to provide a real-time spot or reference rate for the price of 1 XRP, quoted in USD, and based on the most liquid ends of their markets.The index is calculated using a methodology that has been independently audited against key IOSCO principles.”
Brave New Coin’s suite of Liquid Indices increases crypto integration into the financial marketplace as the emerging asset class. The data and research company, which focuses on the blockchain and digital equities industry, has already developed the Bitcoin Liquid Index (BLX) and the Etheruem Liquid Index (ELX), and is adding the new index to meet demand for a fair USD price for XRP.
“The XRPLX captures a comprehensive, global sample of liquidity on the highest volume and quality exchanges. Ideal for settlements and accurate spot pricing, the XRPLX API includes 30 second Intraday pricing, End-of-Day OHLCV and Time & Volume-Weighted-Averages.”
The XRPLX has been calculated back to August 14, 2014.
In addition to the real-time tick messages, Nasdaq will support directory messages on the Global Index Data Service (GIDS), Nasdaq’s premier real-time datafeed that consolidates all Nasdaq indexes and ETF valuation data as well as third-party partner data.
XRP surged 4% to $.306 on Tuesday.