Exponential Exchange Launches Tradable Automotive Index for Used Vehicles

ETJ

ETJ

Exponential Exchange Launches Tradable Automotive Index for Used Vehicles; Product helps vehicle portfolio owners and insurance companies mitigate exposure to volatility in wholesale used vehicle prices, creates new asset class for traders
Exponential Exchange
Fintech startup Exponential Exchange today announced the publication of a first-of-its-kind tradable index for the used vehicle market designed to offer a more accurate and efficient representation of wholesale price changes for pre-owned cars than currently exists.
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This type of thing is usually only good for off exchange OTC derivative users.
Various exchange cleared futures have been around for years with hardly any volume like real estate, weather, electricity etc
 
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