Continuous Grain Index MtR

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What are Continuous Indices?

 

The Matba Rofex Family of Continuous Grain Indices comprises three financial indicators designed to reflect the evolution of the price of grain futures in Matba Rofex, maturing within twelve months from the calculation date:

  • Continuous Soy Matba Rofex Index
  • Matba Rofex Continuous Wheat Index
  • Continuous Maize Matba Rofex Index

 

What is the calculation process?

 

Each index represents the time-to-maturity weighted average price of the selected positions for each underlying, maturing within 12 months of the calculation date:

  • The Matba Rofex Continuous Soy Index comprises the January, May, July, September and November positions of Matba Rofex dollar soybean futures.

  • The Matba Rofex Continuous Corn Index comprises the April, July, September and December positions of the Matba Rofex dollar corn futures.

  • The Matba Rofex Continuous Wheat Index comprises the March, July, September and December positions of the Matba Rofex dollar wheat futures.

Each position is part of the index for one year, being replaced at maturity by the position that matures the same month of the following year.

The weighting of each position within the index is carried out based on the time to maturity, adjusted according to the distance in days with respect to the average life within the index (the average life is assumed to be 183,5 days) and by a factor seasonal adjustment.


Methodology

See the Continuous Grain Index Methodology and the API documentation MtR Indices
Methodology API documentation

 


 

Technical Advisory Committee

 

The Technical Advisory Committee (CTA) is responsible for the Index and is made up of a minimum of 3 and a maximum of 5 members. The appointment of its members as well as the establishment of its operating regime corresponds to the Board of Matba Rofex at the proposal of the Financial Products and Exchanges Committee, and will be made up of a technical representative of MtR, who will act as Coordinator and by recognized market experts of cryptocurrencies.

The main functions of the Technical Advisory Committee are:

  • Supervise that the calculation of the Index is carried out in accordance with the Continuous Index of Grains MtR Methodology.

  • Guarantee the proper functioning of the Index for its use as an underlying in the trading of derivative products.

  • Study and approve, when it deems it appropriate, changes in the Methodology for calculating the Index.

  • Report any modification regarding the composition and calculation of the Index.

 

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