Ultumus has partnered with data management company NeoXam to consolidate data feeds for ETFs amid increased demand for more “sophisticated” ETF and index data.
The partnership will see NeoXam customers gain access to Ultumus’ ETF and index data services, providing a single source of data on multi-asset ETFs, alongside data for global indices.
Bernie Thurston, CEO of Ultumus (pictured), said: “The ability to seamlessly overlay sophisticated ETF and index data with firms’ existing data dashboards represents a major step forward for the industry.
“The growth in popularity of passive investing products shows no signs of slowing, and firms will need to ensure they are as prepared as possible from a data management perspective.”
Philipp Sfeir, managing director of NeoXam EMEA North + ZAF, added: “We have witnessed immense demand from clients to gain a consolidated view of ETF and index data over recent months. Market developments in this data segment underscore the importance of utilising NeoXam DataHub as a consolidation and dissemination platform.”
Elsewhere, Ultumus partnered with Calastone to “streamline” the ETF creation-redemption process for asset servicers and ETF issuers in April.
