Customized Index Market

Customized Index Market (CIM) allows users to trade on a basket of related assets, betting on an overall trend while minimizing idiosyncratic risk.

DIX

DIX

DIX is a dollar index which is made up of 6 major currencies. It seeks to track how the USD performs against a basket of major currencies.

• If you anticipate a strengthening of the USD against other currencies, you can take a long position in DIX. Conversely, if you expect the USD to depreciate against other currencies, you have the option to short DIX.

• Users will be able to trade DIX with up to 1,000x leverage, similar to other FX markets offered on Zeno.

Market	Weight
EUR	56%
JPY	14%
GBP	12%
CAD	10%
SEK	4%
CHF	4%

Calculation:

The currencies will be geometrically-weighted and calculated according to the following formula:

1. We use the geometric mean over the conventional arithmetic mean for DIX because we want to measure the relative change in USD against a FIXED percentage of the currency basket (e.g., consistently maintaining 56% for EUR, 14% for JPY, etc.). Using the geometric mean is akin to managing the index’s rebalancing after each change to preserve these percentage weights. Consequently, the geometric mean of price effectively captures the cumulative return in this context.

2. The coefficient k (47.46426) is chosen so that we compare USD against other currencies relative to their price on 2 January 2023 (first trading day of 2023), when DIX is set to 100.

3. To maintain price continuity of the index, adjustments to the coefficient will be made in the future in response to changes in weighting, including additions or removals of assets from the index.