An Introduction to Market Indices

Check out our latest range of indices from BITA – one of the world’s most technologically advanced index platforms. Trade stock and crypto CFDs across three major indices! Access ten of the biggest clean energy stocks on the North America Green Giants Index, or discover the top companies traded on the Nasdaq stock exchange on the FAANG 10 Equally Weighted Index. Alternatively, you can go digital and choose from a selection of 11 crypto CFDs via the Crypto 10 Index.

Market Indices

North America Green Giants Index

Green stocks! The BITA Green Energy Giants Index (BNGEGI) is the definitive benchmark stock index for clean energy companies based in North America. BITA first launched the index on November 27, 2020, with the following 30 indices currently available:

 Ameresco Class “A” (AMRC), Atlantica Sustainable Infrastructure plc (AY), Ballard Power Systems (BLDP), Beyond Meat (BYND), Bloom Energy Class “A” (BE), Brookfield Renewable Partners (BEP.UN), Canadian Solar (CSIQ), Casella Wst.Sys. Class “A” (CWST), Clean Harbors (CLH), Enphase Energy (ENPH), Evoqua Water Techs. (AQUA), First Solar (FSLR), Fuelcell Energy (FCEL), Hain Celestial Gp. (HAIN), Ingredion (ING), Innergex Renewable En. (INE), Kadant (KAI), Nextera Energy (NEE), Nextera Energy Partners (NEP), Oatly Group ADR (OTLY), Plug Power (PLUG), Renewable Energy Group (REGI), Solaredge Technologies (SEDG), Sprouts Farmers Market (SFM), Sunnova Energy International Inc (NOVA), Sunpower (SPWR), Sunrun (RUN), Ulta Beauty (ULTA), United Natural Foods (UNFI), and Xylem (XYL).

FAANG 10 Equally Weighted Index

Big tech trading! The BITA FAANGs 10 Equally Weighted Index (BF10EW) is the ultimate benchmark stock index for the top ten companies traded on the Nasdaq stock exchange. It was launched by BITA on October 7, 2019, and features an impressive collection of the most famous and highly recognisable companies on the planet. It is relatively easy to track this index as it attracts significant media attention and coverage, which can help when it comes to accurately judging market sentiment. The BF10EW offers exposure to some of the highest-traded tech stocks on the financial markets, including:

 Advanced Micro Devices (AMD), Alphabet Class “A” (GOOGL), Alphabet Class “C” (GOOG), Amazon.com (AMZN), Apple (AAPL), Meta Platforms Inc (MVRS), Microsoft (MSFT), Moderna (MRNA), Netflix (NFLX), Nvidia (NVDA), and Tesla (TSLA).

Crypto 10 Index

Digital investing! Trade crypto CFDs round-the-clock the BITA Crypto 10 Index, with access to some of the leading digital currencies on the market, available to trade 24/7. It is a weighted index that is used to measure the performances of the top ten cryptocurrencies in the world, based on market capitalisation. Since Bitcoin was created in 2009, the industry has seen unprecedented growth from an academic concept to a virtual reality, with billions of dollars of assets being traded every single day. On the Crypto 10 Index, there is wide range of digital currencies on offer, including:

 Binance Coin (BNB), Bitcoin (BTC), Cardano (ADA), Dotcoin (DOT), Ethereum (ETH), Litecoin (LTC), Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), and Terra (LUNA).

About BITA

We are pleased to welcome onto our trading platform three indices from BITA, the world’s first provider of end-to-end infrastructure for indexation and systematic investing. BITA provides advanced technology infrastructure for the design, development, calculation and dissemination of financial indexes and quantitative investment strategies. The German-based FinTech company was founded in 2018 and is headquartered in Frankfurt.

How to Identify What Moves an Index’s Price

The price of an index can be affected by the following factors:

  • Economic news – market sentiment, central bank decisions, job reports, and other economic events can affect existing volatility
  • Financial results – a company’s profit and loss data impact share prices, which could rise or fall, depending on the figures
  • Commodity prices – commodities can affect the price of different indices, as commodity market fluctuations can influence an index
  • Company news – internal changes to a company’s structure or proposed mergers can affect both the share and index price
  • Composition changes – weighted indices can experience a price shift when companies join or leave the index, as traders suitably adjust their positions

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