The increasing popularity of this new type of underlying is backed by its performance.
Intraday risk control indices are gaining significant popularity, particularly in the US and Asia where they are being widely adopted in the indexed annuities space as well as structured products. The intraday technology is being widely used and becoming a standard feature in many new index launches - Laurence Black Using the standard risk control methodology, these new generation of indices have been designed to react faster to market movements by measuring volatility in one or more periods