BITA and Ultumus partner to provide a comprehensive solution for Custom Index and Basket Calculation.
Frankfurt, London, August, 2023 – BITA, the tech-focused provider of indexing infrastructureand solutions, and Ultumus, the world’s leading provider of ETF and index data management solutions have partnered to offer a one-stop solution for the management and calculation of client-driven custom indexes and baskets.
The combined automated solution leverages both companies’ technology to enable multiple seamless workflows, catering to each client’s specific requirements.
- Custom Basket and Index setup, back-testing, and customization via an intuitive front-end.
- Daily calculation in EOD and intraday versions.
- Flexible management of corporate actions.
- Independent BMR administration.
- Dissemination into a large vendor network.
- Data formatting customization and normalization.
- Trade and post-trade integration
"We are thrilled to join forces with Ultumus to provide an extremely flexible end-to-end solution to market participants. Beyond the traditional index and basket calculation workflow, our solution leverages the BITACore index customization infrastructure to develop indexes on the fly, customize parameters, and back-test changes, flowing seamlessly into their databases and systems via Ultumus’ data management platform.” said Victor Hugo Gomez, Chief ExecutiveOfficer at BITA.
The service meets an increasing demand for flexible and efficient ways to manage proprietary- and tailor-made indexes, thematic/ESG baskets, and any corporate action impacted portfolios, while keeping the independence and regulatory compliance of the calculation and management process.
This partnership underscores ULTUMUS’ continuing growth across the ETF and Index ecosystem. ULTUMUS has won “global ETF data provider of the year” for the past two years and has attracted a growing majority of ETF issuers, trading desks, and asset managers to its leading edge offerings for ETF/Index and basket data, PCF calculation and the COSMOS Create/Redeem platform.
“Our global managed ETF and index data service has seen such strong adoption in the marketplace, and we are excited to now be able to offer our clients a custom index solution which is integrated with our world class support and delivered via our API. We have built the global infrastructure to handle the whole lifecycle of index data management, around the clock, and accommodate demands for customisation,” says Bernie Thurston, CEO of ULTUMUS.
About Ultumus
ULTUMUS has a presence and support in Europe, Asia and the US.
ULTUMUS is a pure play ETF specialist owned by SIX Group, the Swiss Exchange.
About BITA
BITA is a leading technology-enabled Fintech, focused on the provision of investment customization infrastructure and indexing solutions to financial institutions across a variety of market segments and applications. From traditional passive investing to direct indexing, BITA’s infrastructure has been designed to support investment customization at scale.
BITACore is BITA’s cloud-based index development and investment customization platform. BITACore is available both in a web-based version as well as APIs, and can support a variety of applications, from traditional institutional indexing to direct indexing.