Frankfurt (22 September 2021) – Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the BlueStar Global E-Brokers and Digital Capital Markets Index (ticker: BBIDS) to Amplify ETFs.
The BlueStar Global E-Brokers and Digital Capital Markets Index (ticker: BBIDS) tracks the performance of the global online securities brokerage and lending, market making, and digital asset capital markets industries. The index only includes companies that generate at least 50% of their revenue or operating activity from the following: Online brokerage or trading platforms — including self-directed wealth management platforms and robo-advisors, — online lending platforms that also offer e-brokerage services, market making, or digital asset portfolio management/capital markets activities.
“Today we announce the launch and licensing of our Global E-Brokers and Digital Capital Markets Index to Amplify ETFs. This index represents the companies at the forefront of the digitization and transformation of the world’s capital markets. Similar to how e-commerce and online gaming transformed the retail and media industries, online trading in securities and digital assets is facilitating greater involvement by younger generations, and is gaining traction with older generations of investors. We believe brokers and digital asset firms that have an online-first product strategy can capture more market share as these younger generations grow in terms of wealth and prominence throughout the world economy,” said Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.
“Innovation within the online brokerage and digital asset marketplaces has helped democratize access for investors around the globe. We’re excited to launch BIDS, which seeks to capitalize on the rise of digital and online trading of securities and digital assets,” said Christian Magoon, CEO at Amplify ETFs.
The BlueStar Global E-Brokers and Digital Capital Markets Index (ticker: BBIDS) is weighted by free-float market capitalisation and is calculated in USD as a price index, a total return gross index and a total return net index. The index is reviewed on a semi-annual basis. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.Press Release