Понедельник, 18 Сентября 2017 г. 07:06
+ в цитатник
What wallets are preferred by the participants of the crypto-currency market and what is worth paying attention to when choosing means for storing virtual coins, we suggest learning from our article
Experts note the ever-increasing demand for reliable online wallets, especially in the crypto-currency market. They offer to pay attention to the 6 most popular wallets, supported by Dash and trustworthy users. Specialists give the first place to Trezor, an isolated means for local transactions. It is considered the most secure among other wallets.
The second place in this list goes to the hardware crypto-currency wallet KeepKey. Its only disadvantage is the high price. Users can interact with the wallet using the Google Chrome plugin. All transactions are made on a local level. Developers of this wallet also pay great attention to its security.
The third place in the list of the online wallets most suitable for crypto-currency is occupied by the cross-platform Exodus. It supports additional crypto-currencies and tokens. Exodus developers are eager to integrate their support. The wallet has a built-in exchange function, provided for all currencies it supports. Exodus is very easy to use, especially for beginners.
The fourth place in the list of best wallets is taken by UberPay Wallet, an excellent solution for Dash users. This is a multi-currency wallet that has a private key on the user's device, and not on the company's servers. When working with UberPay Wallet, it does not need to provide any personal information about yourself. The wallet masks the user's IP address when sending transactions, and also has a built-in exchange function.
The fifth place in this list is held by HolyTransaction, a wallet with a long history, supporting a multitude of currencies. Its downside is that the company has an access to the private key of the user. The benefits of HolyTransaction include checking the correctness of filling in transaction data and easiness of use. Thanks to this, all coins supported by the platform can be exchanged.
The last in the list is Coinomi, an easy wallet with an average level of anonymity. This is a powerful solution for Android-wallets, which supports a number of currencies, including Dash. Private keys are stored on the user's mobile device, and there is also a built-in exchange function. Coinomi hides the user's IP address when transferring transactions to the block chain.
Понедельник, 18 Сентября 2017 г. 07:06
+ в цитатник
What wallets are preferred by the participants of the crypto-currency market and what is worth paying attention to when choosing means for storing virtual coins, we suggest learning from our article
Experts note the ever-increasing demand for reliable online wallets, especially in the crypto-currency market. They offer to pay attention to the 6 most popular wallets, supported by Dash and trustworthy users. Specialists give the first place to Trezor, an isolated means for local transactions. It is considered the most secure among other wallets.
The second place in this list goes to the hardware crypto-currency wallet KeepKey. Its only disadvantage is the high price. Users can interact with the wallet using the Google Chrome plugin. All transactions are made on a local level. Developers of this wallet also pay great attention to its security.
The third place in the list of the online wallets most suitable for crypto-currency is occupied by the cross-platform Exodus. It supports additional crypto-currencies and tokens. Exodus developers are eager to integrate their support. The wallet has a built-in exchange function, provided for all currencies it supports. Exodus is very easy to use, especially for beginners.
The fourth place in the list of best wallets is taken by UberPay Wallet, an excellent solution for Dash users. This is a multi-currency wallet that has a private key on the user's device, and not on the company's servers. When working with UberPay Wallet, it does not need to provide any personal information about yourself. The wallet masks the user's IP address when sending transactions, and also has a built-in exchange function.
The fifth place in this list is held by HolyTransaction, a wallet with a long history, supporting a multitude of currencies. Its downside is that the company has an access to the private key of the user. The benefits of HolyTransaction include checking the correctness of filling in transaction data and easiness of use. Thanks to this, all coins supported by the platform can be exchanged.
The last in the list is Coinomi, an easy wallet with an average level of anonymity. This is a powerful solution for Android-wallets, which supports a number of currencies, including Dash. Private keys are stored on the user's mobile device, and there is also a built-in exchange function. Coinomi hides the user's IP address when transferring transactions to the block chain.
The European Central Bank decided to abstain from any bald statements, summing up the results of its last meeting. Generally speaking, participants of the global financial markets did not expect any strong comments from the regulator. However, they hoped to hear forecasts on the future of the bond-buying program.
Analysts expected the ECB to announce approximate time of the start of program winding down. The interest rates remained unchanged: -0.4% per annum for deposits and 0.25% per annum for margin loans. In his speech, ECB President Mario Draghi gave new forecasts for the European economy. They were revised upwards to 2.2% from 1.9%. In 2018 and 2019, the region's economy is expected to slow down to 1.8% and 1.7%, respectively. "The incoming information, including our new staff projections, confirms a broadly unchanged medium-term outlook for euro area economic growth and inflation. The economic expansion, which accelerated more than expected in the first half of 2017, continues to be solid and broad-based across countries and sectors," Mario Draghi said.
Meanwhile, the actions of the ECB had the necessary effect. Extremely low inflation, which was the main problem for the regulator over the last few years, began to grow. It is still below the target of 2%, but the general upward trend remains. Now, the consumer price index is expected to reach 1.5% and 1.3% in 2017 and 2018, respectively. In general, Mario Draghi did not surprise the markets, as all actions and decisions had been expected. However, it can be a good thing since lately the markets has already suffered a lot of distress.
The European Central Bank decided to abstain from any bald statements, summing up the results of its last meeting. Generally speaking, participants of the global financial markets did not expect any strong comments from the regulator. However, they hoped to hear forecasts on the future of the bond-buying program.
Analysts expected the ECB to announce approximate time of the start of program winding down. The interest rates remained unchanged: -0.4% per annum for deposits and 0.25% per annum for margin loans. In his speech, ECB President Mario Draghi gave new forecasts for the European economy. They were revised upwards to 2.2% from 1.9%. In 2018 and 2019, the region's economy is expected to slow down to 1.8% and 1.7%, respectively. "The incoming information, including our new staff projections, confirms a broadly unchanged medium-term outlook for euro area economic growth and inflation. The economic expansion, which accelerated more than expected in the first half of 2017, continues to be solid and broad-based across countries and sectors," Mario Draghi said.
Meanwhile, the actions of the ECB had the necessary effect. Extremely low inflation, which was the main problem for the regulator over the last few years, began to grow. It is still below the target of 2%, but the general upward trend remains. Now, the consumer price index is expected to reach 1.5% and 1.3% in 2017 and 2018, respectively. In general, Mario Draghi did not surprise the markets, as all actions and decisions had been expected. However, it can be a good thing since lately the markets has already suffered a lot of distress.
The Global cryptocurrency market is constantly evolving. Sometimes it's hard to keep track of everything new and to consider all the advantages and disadvantages. Crypto Gawd has prepared a list of digital currencies that are still underestimated.
Crypto world is in constantly developing. It is always updated by new payment devices, including the well-known Bitcoin, Litecoin, Ethereum, and others less popular alternative coins. You can get to know them below.
According to Crypto Gawd, the cryptocurrency market have at least five crypto-currencies, which are underestimated by users and investors. According to Crypto Gawd, at the moment, Ripple is the most popular of them. It is in the five best market capitalizations list. Despite this, quite a large number of people are criticizing Ripple. They claim that Ripple is a centralized system, but it does not prevent it from expansion.
The second most undervalued cryptocurrency is Stellar Lumens (XLM). Its biggest advantage is cheapness. The experts claim that buying XLM is quite beneficial, as the buyer will not have to worry about large losses in case of XLM removal from the list, which is very unlikely. Another argument in favor of the XLM is the trades' amount. The experts also pay attention to this coin liquidity. Stellar Lumens is the undisputed leader among the alternative coin market capitalizations.
New Economy Movement (XEM) is recognized as the third in importance among the undervalued currencies. It is socially oriented cryptocurrency with its software blockchain, introduced after the cryptocurrency. It allows its users to create a large number of services ranging from online stores to financial structures on the basis of decentralization principles and multilevel protection. Using XEM users can earn tokens even only with the help of transactions between themselves. “It is a revolutionary way to taking control of future growth", says Crypto Gawd.
Digibytes (DGB) are the fourth undervalued alternative coins that have gained popularity in recent times. In addition to affordable prices, they also have many other advantages. The coin has a good sized market capitalization and is sufficiently liquid. Moreover, it is one of the fastest currency, if based on the transaction time. DGB has a special code that allows technology to double the block size every year. It is expected that by 2035 Digibytes will have been able to process more than 280,000 transactions.
Crypto Gawd put fun and quirky cryptocurrency Pepe Cash (PCSH) on the fifth place in its ranking list. This coin is based on the popularity of the Internet meme called Frog Pepe. It works in XRP, which is based on bitcoin technology. This it is not just a cryptocurrency; it is also a digital card that you can collect. The price of some of them, such as "Lord Kek", is extremely high and reaches 6,500$.
The Global cryptocurrency market is constantly evolving. Sometimes it's hard to keep track of everything new and to consider all the advantages and disadvantages. Crypto Gawd has prepared a list of digital currencies that are still underestimated.
Crypto world is in constantly developing. It is always updated by new payment devices, including the well-known Bitcoin, Litecoin, Ethereum, and others less popular alternative coins. You can get to know them below.
According to Crypto Gawd, the cryptocurrency market have at least five crypto-currencies, which are underestimated by users and investors. According to Crypto Gawd, at the moment, Ripple is the most popular of them. It is in the five best market capitalizations list. Despite this, quite a large number of people are criticizing Ripple. They claim that Ripple is a centralized system, but it does not prevent it from expansion.
The second most undervalued cryptocurrency is Stellar Lumens (XLM). Its biggest advantage is cheapness. The experts claim that buying XLM is quite beneficial, as the buyer will not have to worry about large losses in case of XLM removal from the list, which is very unlikely. Another argument in favor of the XLM is the trades' amount. The experts also pay attention to this coin liquidity. Stellar Lumens is the undisputed leader among the alternative coin market capitalizations.
New Economy Movement (XEM) is recognized as the third in importance among the undervalued currencies. It is socially oriented cryptocurrency with its software blockchain, introduced after the cryptocurrency. It allows its users to create a large number of services ranging from online stores to financial structures on the basis of decentralization principles and multilevel protection. Using XEM users can earn tokens even only with the help of transactions between themselves. “It is a revolutionary way to taking control of future growth", says Crypto Gawd.
Digibytes (DGB) are the fourth undervalued alternative coins that have gained popularity in recent times. In addition to affordable prices, they also have many other advantages. The coin has a good sized market capitalization and is sufficiently liquid. Moreover, it is one of the fastest currency, if based on the transaction time. DGB has a special code that allows technology to double the block size every year. It is expected that by 2035 Digibytes will have been able to process more than 280,000 transactions.
Crypto Gawd put fun and quirky cryptocurrency Pepe Cash (PCSH) on the fifth place in its ranking list. This coin is based on the popularity of the Internet meme called Frog Pepe. It works in XRP, which is based on bitcoin technology. This it is not just a cryptocurrency; it is also a digital card that you can collect. The price of some of them, such as "Lord Kek", is extremely high and reaches 6,500$.
North Korea has warned the United States that it will pay a due price if sanctions against the country are agreed at a United Nations Security Council meeting on Monday.
The DPRK’s Foreign Ministry said Washington was exerting unreasonable pressure on Pyongyang to deprive the country of its sovereignty.
North Korea accused the United States of manipulating the UN Security Council over its ‘legitimate’ nuclear test to fabricate the harshest ever sanctions resolution.
“The forthcoming measures to be taken by the DPRK will cause the US the greatest pain and suffering it has ever gone through in its entire history,” North Korea's foreign ministry said in a statement.
Earlier, the country had successfully tested a hydrogen charge, which could be used as a warhead for an intercontinental ballistic missile. On September 11, the UN Security Council is set to vote on the US-led effort to impose harsher new sanctions against North Korea.
North Korea has warned the United States that it will pay a due price if sanctions against the country are agreed at a United Nations Security Council meeting on Monday.
The DPRK’s Foreign Ministry said Washington was exerting unreasonable pressure on Pyongyang to deprive the country of its sovereignty.
North Korea accused the United States of manipulating the UN Security Council over its ‘legitimate’ nuclear test to fabricate the harshest ever sanctions resolution.
“The forthcoming measures to be taken by the DPRK will cause the US the greatest pain and suffering it has ever gone through in its entire history,” North Korea's foreign ministry said in a statement.
Earlier, the country had successfully tested a hydrogen charge, which could be used as a warhead for an intercontinental ballistic missile. On September 11, the UN Security Council is set to vote on the US-led effort to impose harsher new sanctions against North Korea.
North Korea has warned the United States that it will pay a due price if sanctions against the country are agreed at a United Nations Security Council meeting on Monday.
The DPRK’s Foreign Ministry said Washington was exerting unreasonable pressure on Pyongyang to deprive the country of its sovereignty.
North Korea accused the United States of manipulating the UN Security Council over its ‘legitimate’ nuclear test to fabricate the harshest ever sanctions resolution.
“The forthcoming measures to be taken by the DPRK will cause the US the greatest pain and suffering it has ever gone through in its entire history,” North Korea's foreign ministry said in a statement.
Earlier, the country had successfully tested a hydrogen charge, which could be used as a warhead for an intercontinental ballistic missile. On September 11, the UN Security Council is set to vote on the US-led effort to impose harsher new sanctions against North Korea.
The Russian Ministry of Finance proposed to change the methodology for calculating the tax on extraction of all minerals in the country
According to Ministry of Finance, such a change would make it possible to increase the RF budget by 1.6 trillion rubles in the period from 2016 to 2018, as RIA Novosti informs, referring to the agency's documents.
The essence of the innovation lies in a corrected calculation at a fixed exchange rate of the dollar for 2014, and not at the current average rate of the US currency paired with the ruble in the current tax period. As a result, a part of the oil price that is not taxed will be less in ruble terms.
Such a proposal of the RF Ministry of Finance was caused by the oil market instability, which led to dufficulties in the country's account balance.
The new tax proposal will affect the calculation method of the so-called cut-off oil price of $15 per barrel, which helps to define the oil producing companies' profit share that is free of the barrelage tax.
According to the released document of the Ministry of Finance, the forecasts look as follows: in 2016 the rate will be 63.5 rubles per dollar, in 2017 - 64.8 rubles and in 2018 - 65.8 rubles.
But if considering the dollar exchange rate for 2014 and the inflation rate, the following picture emerges: 43.8 rubles per dollar in 2016, 47.1 rubles in 2017, 49.8 rubles in 2018.
The Bloomberg news agency and the Russian media have previously raised the issue of a possible increase in taxes on oil extraction in Russia several times.
The Russian Ministry of Finance proposed to change the methodology for calculating the tax on extraction of all minerals in the country
According to Ministry of Finance, such a change would make it possible to increase the RF budget by 1.6 trillion rubles in the period from 2016 to 2018, as RIA Novosti informs, referring to the agency's documents.
The essence of the innovation lies in a corrected calculation at a fixed exchange rate of the dollar for 2014, and not at the current average rate of the US currency paired with the ruble in the current tax period. As a result, a part of the oil price that is not taxed will be less in ruble terms.
Such a proposal of the RF Ministry of Finance was caused by the oil market instability, which led to dufficulties in the country's account balance.
The new tax proposal will affect the calculation method of the so-called cut-off oil price of $15 per barrel, which helps to define the oil producing companies' profit share that is free of the barrelage tax.
According to the released document of the Ministry of Finance, the forecasts look as follows: in 2016 the rate will be 63.5 rubles per dollar, in 2017 - 64.8 rubles and in 2018 - 65.8 rubles.
But if considering the dollar exchange rate for 2014 and the inflation rate, the following picture emerges: 43.8 rubles per dollar in 2016, 47.1 rubles in 2017, 49.8 rubles in 2018.
The Bloomberg news agency and the Russian media have previously raised the issue of a possible increase in taxes on oil extraction in Russia several times.
The Russian Ministry of Finance proposed to change the methodology for calculating the tax on extraction of all minerals in the country
According to Ministry of Finance, such a change would make it possible to increase the RF budget by 1.6 trillion rubles in the period from 2016 to 2018, as RIA Novosti informs, referring to the agency's documents.
The essence of the innovation lies in a corrected calculation at a fixed exchange rate of the dollar for 2014, and not at the current average rate of the US currency paired with the ruble in the current tax period. As a result, a part of the oil price that is not taxed will be less in ruble terms.
Such a proposal of the RF Ministry of Finance was caused by the oil market instability, which led to dufficulties in the country's account balance.
The new tax proposal will affect the calculation method of the so-called cut-off oil price of $15 per barrel, which helps to define the oil producing companies' profit share that is free of the barrelage tax.
According to the released document of the Ministry of Finance, the forecasts look as follows: in 2016 the rate will be 63.5 rubles per dollar, in 2017 - 64.8 rubles and in 2018 - 65.8 rubles.
But if considering the dollar exchange rate for 2014 and the inflation rate, the following picture emerges: 43.8 rubles per dollar in 2016, 47.1 rubles in 2017, 49.8 rubles in 2018.
The Bloomberg news agency and the Russian media have previously raised the issue of a possible increase in taxes on oil extraction in Russia several times.
Indonesia plans to issue euro bonds in rupiahs for the first time. It is a big step for a country that has never done it before.
Such an important event requires a large-scale preparation. The Indonesian central bank and the Ministry of Finance discuss possible issue of euro bonds in Indonesian rupiahs. The parties are trying to understand how this decision can influence the national currency. Experts note a steady increase of interest of foreign investors in Indonesia. Purchases of local bonds by foreigners reached a record level of $9 billion since the beginning of this year. This is directly related to the high assessment given by S&P Global Ratings, which upgraded Indonesia's sovereign rating to the investment grade of BBB- in May. Robert Pakpahan, the Director General of Budget Financing and Risk Management at the Republic of Indonesia, believes that inflows into government bonds can hit a record in 2017. The previous record of $10.4 billion was registered in 2014.
Given these circumstances, there is no reason to worry about the rupiah rate. Moreover, this year the Indonesian rupiah became the most stable Asian currency after the Hong Kong dollar, which rate is pegged to the US dollar. In addition, high economic growth this year should also positively affect the demand for the Indonesian bonds.
Indonesia plans to issue euro bonds in rupiahs for the first time. It is a big step for a country that has never done it before.
Such an important event requires a large-scale preparation. The Indonesian central bank and the Ministry of Finance discuss possible issue of euro bonds in Indonesian rupiahs. The parties are trying to understand how this decision can influence the national currency. Experts note a steady increase of interest of foreign investors in Indonesia. Purchases of local bonds by foreigners reached a record level of $9 billion since the beginning of this year. This is directly related to the high assessment given by S&P Global Ratings, which upgraded Indonesia's sovereign rating to the investment grade of BBB- in May. Robert Pakpahan, the Director General of Budget Financing and Risk Management at the Republic of Indonesia, believes that inflows into government bonds can hit a record in 2017. The previous record of $10.4 billion was registered in 2014.
Given these circumstances, there is no reason to worry about the rupiah rate. Moreover, this year the Indonesian rupiah became the most stable Asian currency after the Hong Kong dollar, which rate is pegged to the US dollar. In addition, high economic growth this year should also positively affect the demand for the Indonesian bonds.
Indonesia plans to issue euro bonds in rupiahs for the first time. It is a big step for a country that has never done it before.
Such an important event requires a large-scale preparation. The Indonesian central bank and the Ministry of Finance discuss possible issue of euro bonds in Indonesian rupiahs. The parties are trying to understand how this decision can influence the national currency. Experts note a steady increase of interest of foreign investors in Indonesia. Purchases of local bonds by foreigners reached a record level of $9 billion since the beginning of this year. This is directly related to the high assessment given by S&P Global Ratings, which upgraded Indonesia's sovereign rating to the investment grade of BBB- in May. Robert Pakpahan, the Director General of Budget Financing and Risk Management at the Republic of Indonesia, believes that inflows into government bonds can hit a record in 2017. The previous record of $10.4 billion was registered in 2014.
Given these circumstances, there is no reason to worry about the rupiah rate. Moreover, this year the Indonesian rupiah became the most stable Asian currency after the Hong Kong dollar, which rate is pegged to the US dollar. In addition, high economic growth this year should also positively affect the demand for the Indonesian bonds.
What wallets are preferred by the participants of the crypto-currency market and what is worth paying attention to when choosing means for storing virtual coins, we suggest learning from our article
Experts note the ever-increasing demand for reliable online wallets, especially in the crypto-currency market. They offer to pay attention to the 6 most popular wallets, supported by Dash and trustworthy users. Specialists give the first place to Trezor, an isolated means for local transactions. It is considered the most secure among other wallets.
The second place in this list goes to the hardware crypto-currency wallet KeepKey. Its only disadvantage is the high price. Users can interact with the wallet using the Google Chrome plugin. All transactions are made on a local level. Developers of this wallet also pay great attention to its security.
The third place in the list of the online wallets most suitable for crypto-currency is occupied by the cross-platform Exodus. It supports additional crypto-currencies and tokens. Exodus developers are eager to integrate their support. The wallet has a built-in exchange function, provided for all currencies it supports. Exodus is very easy to use, especially for beginners.
The fourth place in the list of best wallets is taken by UberPay Wallet, an excellent solution for Dash users. This is a multi-currency wallet that has a private key on the user's device, and not on the company's servers. When working with UberPay Wallet, it does not need to provide any personal information about yourself. The wallet masks the user's IP address when sending transactions, and also has a built-in exchange function.
The fifth place in this list is held by HolyTransaction, a wallet with a long history, supporting a multitude of currencies. Its downside is that the company has an access to the private key of the user. The benefits of HolyTransaction include checking the correctness of filling in transaction data and easiness of use. Thanks to this, all coins supported by the platform can be exchanged.
The last in the list is Coinomi, an easy wallet with an average level of anonymity. This is a powerful solution for Android-wallets, which supports a number of currencies, including Dash. Private keys are stored on the user's mobile device, and there is also a built-in exchange function. Coinomi hides the user's IP address when transferring transactions to the block chain.
At all times, there have always been those who stood in the way of progress and growth. History shows a lot of examples when pioneers or inventors were accused of connection with the dark forces or even madness. However, time always allows to see the big picture.
In Russia, progress is usually seen as something strange, foreign, and weird. That is what happened this time. Now the Central Bank of Russia stand on the way of the development of blockchain technology and specifically cryptocurrencies. The bank argues against the virtual money trading, hiding behind the words about "various kinds of risks." The regulator noticed the growing popularity of cryptocurrencies around the world and in Russia in particular, noting a sharp increase in the number of requests on this issue, and even started monitoring the market. Today, most operations with cryptocurrencies are performed outside the legal regulation of the Russian Federation and most other states. However, regulators in other countries do not ban such transactions and are trying to develop not only regulatory measures but also options for using blockchain technology in their work.
The position of the Central Bank of Russia that got accustomed to prohibition of everything strange remains unchanged. The Bank of Russia reminds market participants about high risks from using and investing in cryptocurrencies.
Check out our article for the top market events and trends that are seen to shape the future
One of the key conclusions made by a head of a major oil giant last week was recognition of a shift to electric vehicles. Royal Dutch Shell's CEO Ben van Beurden said he is ditching his diesel-powered car for a plug-in vehicle. When the boss of Europe's biggest listed oil company says his next car will be electric, it signals significant changes in global markets.
Changes in the list of the world's richest people have been another global trend of recent days. Thus, Jeff Bezos, the founder of Amazon, was recognized as the richest men with shares of his company soaring to unprecedented levels and leaving Bill Gates' company behind. After a while they fell again, but experts believe that is not going to be for long.
A number of executives, namely 11 current and former members of the board of directors of the largest financial institution Deutsche Bank, had to give up 38.4 million euros ($44.9 million) in disputed bonuses. Due to various violations committed by the bank's management, the financial institution was fined billions of dollars. As a result, bankers had to bear financial responsibility.
The UK regulators of the banking sector decided to abandon the Libor interest rate, which is used as a basis for calculating interest rates on loans, including mortgage loans. They also said it is necessary to reduce consumption of gasoline and diesel fuel. The British authorities believe that no new petrol or diesel cars will be sold in the UK after 2040. Experts do not rule out this possibility.
The National Aeronautics and Space Administration (NASA) is trying to minimize the cost of flights and at the same time not to reduce the quality of produced vehicles. The agency expects to reduce the flight time by 1.5 times. It announced a tender for the creation of a supersonic aircraft silently crossing the sound barrier. NASA needs only to get the permission of the US Congress for supersonic flights over land. The ban was introduced in 1973.
The indices are taking control of the financial markets. It all started in 1896, when Charles Dow, one of the founders of Dow Jones & Company, came up with an index, which bears his name to this day. Currently, the Dow Jones Industrial Average, the S&P 500 and the FTSE 100 are known even to people far from the world of finance. At the very beginning, they were not particularly influential, but today their power is impressive. Index makers determine sentiment of investors all over the world. Three giants – the FTSE Russell, MSCI, and S&P Dow Jones Indices - have become major index makers. The amount of money they directly affect is quite impressive. The S&P Dow Jones influence assets worth $4.2 trillion, the S&P 500 covers $3 trillion. The two other providers of indices have a great impact on similar enormous amounts of money: $15 trillion of active and passive assets move up and down following the FTSE; and $11 trillion, for the MSCI index . It is not surprising that, having such power over huge capital flows, index makers attract attention of global regulators. Despite statements about the objectivity and transparency of their regulations, many providers clearly make subjective decisions. That is why, starting from January 2018, the European index makers will have to follow the Benchmarks Regulation, which includes an annual external audit of critical benchmarks and direct supervision by the EU regulator.
The indices are taking control of the financial markets. It all started in 1896, when Charles Dow, one of the founders of Dow Jones & Company, came up with an index, which bears his name to this day. Currently, the Dow Jones Industrial Average, the S&P 500 and the FTSE 100 are known even to people far from the world of finance. At the very beginning, they were not particularly influential, but today their power is impressive. Index makers determine sentiment of investors all over the world. Three giants – the FTSE Russell, MSCI, and S&P Dow Jones Indices - have become major index makers. The amount of money they directly affect is quite impressive. The S&P Dow Jones influence assets worth $4.2 trillion, the S&P 500 covers $3 trillion. The two other providers of indices have a great impact on similar enormous amounts of money: $15 trillion of active and passive assets move up and down following the FTSE; and $11 trillion, for the MSCI index . It is not surprising that, having such power over huge capital flows, index makers attract attention of global regulators. Despite statements about the objectivity and transparency of their regulations, many providers clearly make subjective decisions. That is why, starting from January 2018, the European index makers will have to follow the Benchmarks Regulation, which includes an annual external audit of critical benchmarks and direct supervision by the EU regulator.