BITA and Ultumus have partnered on a solution that manages and calculates custom indices and baskets.
The automated solution will leverage the duo’s technology to enable a one-stop shop in areas such as custom basket and index setup, backtesting, BMR administration and post-trade integration.
The partnership was created in response to increasing demand for flexible ways to manage indices, thematic and ESG baskets and any corporate action-impacted portfolios.
Victor Hugo Gomez (pictured right), CEO of BITA, commented: “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 customisation infrastructure to develop indexes on the fly, customise parameters and backtest changes, flowing into their databases and systems via Ultumus’ data management platform.”
Bernie Thurston (pictured letf), CEO of Ultumus, added: “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 that is integrated with our support and delivered via our API.
“We have built the global infrastructure to handle the whole lifecycle of index data management and accommodate demands for customisation.”
