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Index wants to play Nasdaq with spectrum

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A new index tracking the value of US radio spectrum was launched yesterday, and now stands at 253.17 - though without a historical context that's not very useful.

The index comes from Spectrum Bridge; the world's first (and still only) trading market for radio spectrum. It is based on its analysis of spectrum valuations gleaned from company reports and available trade information, along with weighting based on owners' assets and any restrictions placed on spectrum usage.

Spectrum Bridge took a date; January 1st 2005, and set that as a baseline valuation of 100. This means that by their reckoning, the value of radio spectrum has more than doubled since then, which is nice. Now they're hoping that their Index will be used alongside the FTSE and Dow Jones as a bellwether on the state of the (wireless) economy:

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