Indxis has launched a new index platform, allowing companies to customise calculations in-house.
The ICS2 platform is targeting exchanges and index providers and is aiming to provide a lower cost alternative to larger index providers such as Standard and Poor’s.
Indxis currently manages between 40 and 50 indices on behalf of clients and hopes that the introduction of RDR legislation will promote further interest from firms looking to reduce costs.
Alan Price, sales director at Indxis, predicts a greater number of investment firms will move towards in-house proprietary indices as managers attempt to cut fees.
Earlier this year saw BlackRock file for regulatory clearance in order for iShares ETFs to be allowed to follow its own indices.
Indxis’ primary market is concentrated in the US but Price hopes to develop “bigger retail opportunities in Europe” where 80% of ETFs have synthetic swaps.
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