What is the ABX index?

The ABX Index is an index that represents 20 subprime residential mortgage-backed securities (RMBS). The Index, created by market intelligence firm Markit, is used as a financial benchmark measuring the overall value and performance of the subprime residential mortgage market. The ABX Index tracks a basket of the 20 largest residential MBS.

What is Markit ABX index?

ABX index, developed by Markit, an intelligence firm, is a tradable, synthetic index representing the twenty largest residential subprime mortgage-backed securities. One can look at an ABX index chart to learn about the performance of the subprime residential mortgage market. The Markit ABX index is the original asset-backed securities index.

What is an asset-backed securities index?

An asset-backed securities index is a curated list of asset-backed security exposures that is used for performance bench-marking or trading. The original asset-backed securities index was the ABX, a synthetic tradeable index sponsored by Markit (now IHT Markit), which referenced a basket of 20 subprime mortgage-backed securities.

What is indexindex?

Index is an average of four dataset quality indices to a maximum score of 10: inventory; wildlife; Forest & Range Evaluation Program (FREP); and Reporting Silviculture Updates and Land status Tracking System (RESULTS). 2