Another indexing disruptor has joined the market, this time by Qontigo, the financial intelligence branch of Deutsche Boerse and STOXX, which has launched a self-indexing platform.
Named STOXX iSTUDIO, the platform enables its users to create custom-built indices using STOXX’s open-architecture index infrastructure.
The platform is directed at asset managers, asset owners and other financial services clients who can develop and backtest their customised strategies.
STOXX, a benchmark provider, will launch and administer the indices using rules-based methodology within the BMR regulatory framework.
The launch by Qontigo is in response to market demand for customised indices and sophisticated solutions built on analytics.
Is self-indexing the solution to index providers’ high fees?
Sebastian Ceria, chief executive officer of Qontigo, commented: “As we continue to integrate the strengths of our analytics and index capabilities into new product offerings, iSTUDIO will be an important mechanism for clients to access these building blocks to develop their own customised solutions that fit their requirements.“
Several self-indexing platforms have launched in recent weeks including from Index One and BITA.