The Covid-19 pandemic highlights the need for better risk management tools
BOSTON (PRWEB) June 25, 2020
BLX Global, a leading developer of innovative investment products, has launched a new index to help investors navigate unprecedented uncertainty in the airline industry.
The BLX Domestic Airlines Revenue Index is designed to provide a broad measure of airline industry performance. Priced daily, the index reflects changes in the trailing twelve month revenue for a select group of major airlines listed on US stock exchanges. Unlike traditional stock indexes or other hedging tools, the index provides direct exposure to business fundamentals. Historical data and updated pricing is available on the Thomson Reuters Eikon platform, using ticker symbol “BLXDAR". Additional information on the index methodology is available on the company website: http://www.blxglobal.com.
“The Covid-19 pandemic highlights the need for better risk management tools. The BLX Domestic Airlines Revenue Index is the latest example of our commitment to creating products that sophisticated investors and industry leaders can use to thrive in these challenging markets," stated BLX Global founder Jacob Mohs.
The BLX Domestic Airlines Revenue Index can be licensed as a benchmark to facilitate the trading of cash settled options, futures, and swaps or as a reference asset for structured notes. Investors and companies in the travel industry can use derivatives based on the index to hedge the risk of a continued drop off in airline passengers, or express macroeconomic views.
About BLX Global
BLX Global develops and licenses innovative financial products. Our offerings are centered around Earnings Derivatives®, which allow investors to make direct investments in company earnings streams, and express granular views on individual value drivers. The ability to turn bottom line financial metrics into tradeable and hedgeable assets makes our patent pending system unique. We provide a full spectrum of index and derivative products for exchanges, investment banks, and asset managers around the world. Visit http://www.blxglobal.com for more information.