Qontigo, the financial intelligence company formed through the integration of Axioma within Deutsche Börse’s STOXX and DAX index businesses, has launched a platform that enables users to directly design and create custom indices.
Sebastian Ceria, CEO of Qontigo.
The STOXX iSTUDIO is an integrated end-to-end index development application built on STOXX’s open-architecture index infrastructure.
The platform allows clients such as asset managers and asset owners to test their proprietary investment strategies within a rules-based framework that harnesses STOXX’s high-quality data and backtesting modules.
Clients may then request STOXX to launch and administer select indices which will be investable and fully comply with the European Union’s Benchmarks Regulation.
The platform is aimed at helping clients improve the speed to market for their investment strategies and may lead to cost savings by reducing licensing fees and cutting out the product developer middleman. Both of these benefits are likely to lead to an increase in investment products, including ETFs.
Sebastian Ceria, Chief Executive Officer of Qontigo, commented, “Market demand is growing for customized indices and increasingly sophisticated solutions built on analytics. iSTUDIO offers clients a powerful tool to conceptualize and test indices while relying on the high standards of the STOXX operational and regulatory infrastructure.
“As we continue to integrate the strengths of our analytics and index capabilities into new product offerings, iSTUDIO will be an important mechanism for clients to access these building blocks to develop their own customized solutions that fit their requirements.”
Stephan Flägel, Global Head of Indices & Benchmarks at Qontigo, added, “From index development to backtesting and index activation, iSTUDIO enables our clients to develop a strategy for their individual investment focus and transform their ideas into an investable index – all with a few clicks. This approach provides flexibility, convenience, and faster time to production for our clients.”