Cboe selects BITA’s index development platform, BITACore, to support its growing indexing business.
BITA, the industry-leading provider of indexing infrastructure, is pleased to announce a new partnership with Cboe, the world's foremost derivatives and exchange network, for the adoption of the BITACore indexing system to enhance Cboe’s product development capabilities on its growing indexing business.
With this collaboration, Cboe joins a list of exchanges, asset managers, and ETF issuers that currently leverage the BITACore index customization system to increase the speed and flexibility of their product development process.
BITACore is reshaping the traditional index customization workflow. By enabling clients to access a large variety of datasets, customize indexing rulebooks, and quickly backtest new indexes in an end-to-end cloud based system that does not require coding skills, the time to market for new passive products can be reduced significantly.
In just the past year, BITACore has facilitated the creation of hundreds of unique indices, each finely tailored to individual investor's unique needs. Unique to BITACore is the integration of granular thematic, ESG, factor, and fundamental datasets into the index building process. The platform is a blend of state-of-the-art technology and intuitive design, setting it apart from other fragmented, clunky, construction and backtesting systems currently available in the market.
"We are pleased to support Cboe’s indexing team with our BITACore platform”. said Victor Hugo Gomez, CEO and Co-founder at BITA. “Having more and more leading institutions like CBOE leveraging our BITACore infrastructure as part of their product development mix gets us one step closer toward our mission of becoming the leading infrastructure provider in the investment customization space”.
Cboe Global Indices is the leading derivatives-based index provider in the world, with powerful capability to realize complex index concepts backed by the largest pool of derivatives data and supplemented with proprietary pricing algorithms. Cboe Global Indices is driven to making derivatives exposure accessible.
About BITA
BITA is a leading technology-enabled Fintech, focused on the provision of investment customization technology, indexes, and indexing solutions to asset & wealth managers, registered investment advisors and other financial institutions across multiple markets. 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.
About Cboe
Cboe (Cboe: CBOE) is the world's premier derivatives and exchange network, offering advanced trading, clearing, and investment solutions to clients globally. With products across multiple asset classes, including equities, derivatives, FX, and digital assets, Cboe is an exchange of ideas that drives innovation and provides services that navigate any market environment.