Cboe Europe Equity Benchmarks use real-time data from trading taking place on Cboe Europe Limited and Cboe Europe BV. These exchanges account for a significant percentage of the value traded in the largest stocks each day. This means that any investor using a Cboe Europe index will be able to get an accurate, real-time view of exactly how markets are moving.

Furthermore, Cboe Europe indices have a very high degree of correlation to existing products. We worked hard with investors and index users to ensure we offered a robust and trustworthy alternative.

The Brexit 50/50 Indices measure the impact of currency movements and evolving trade deals on the performance of the top 100 UK-listed companies by dividing these equally between those with the largest and smallest proportion of GBP revenue.

Currency movements and changes to the cost of buying or selling goods and services are both fundamental elements associated with Brexit and will have a material impact on company's profitability over the coming years.

Furthermore, Cboe Europe indices have a very high degree of correlation to existing products. We worked hard with investors and index users to ensure we offered a robust and trustworthy alternative.

A company's exposure to overseas earnings will be affected by Brexit, through both currency movements and new trade deals.

Cboe Europe Indices has partnered with FactSet as geographic revenue data is difficult to analyse due to company's non-standardised disclosures and FactSet's GeoRev service has analysed and normalised this data to derive a consistent, accurate and flexible dataset that accurately breaks down a company's revenues into any geographic country and region.

The Equity Benchmarks are valued immediately using the real-time trading data taking place at the same time on Cboe Europe's market. Because of the sheer size of Cboe Europe's European market, and the varied participants trading at any given time, our prices are often a more accurate representation of those on other markets.

By using real time data, private investors will be able to make trading and investment decisions as the market moves, closing the gap on institutional investors, who have historically been privileged with access to real time index data.

All the indices are rebalanced quarterly in March, June, September and December. Cboe Europe's Index Rules and Methodology also make provision for adapting the indices between rebalance dates, for example to account for corporate actions so they do not unduly affect the index.

Cboe Europe Index Rules and Methodology are applied to the creation and management of all the indices. Valued using Cboe Europe's own price data, the performance of all the Equity Benchmarks has, as intended, been highly correlated with their corresponding peer benchmark.

Cboe Europe Indices uses real-time data from trading taking place on Cboe Europe Limited and Cboe Europe BV. We believe that using Cboe Europe's prices provides licensees with the necessary assurance that market data prices and, by consequence, license costs, will not spiral out of control. This contrasts to the approach of our competitors, whose market data costs have continued to decouple from their reducing market share.