Frankfurt, London, August, 2023 – BITA, the tech-focused provider of indexing
infrastructure and solutions, and Ultumus, the world’s leading provider of ETF and index
data management solutions have partnered to offer a one-stop solution for the
management and calculation of client-driven custom indexes and baskets.
The combined automated solution leverages both companies’ technology to enable
multiple seamless workflows, catering to each client’s specific requirements.
- Custom Basket and Index setup, back-testing, and customization via an intuitive front-
end.
- Daily calculation in EOD and intraday versions.
- Flexible management of corporate actions.
- Independent BMR administration.
- Dissemination into a large vendor network.
- Data formatting customization and normalization.
- Trade and post-trade integration
"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 customization infrastructure to
develop indexes on the fly, customize parameters, and back-test changes, flowing
seamlessly into their databases and systems via Ultumus’ data management platform.”
said Victor Hugo Gomez, Chief Executive Officer at BITA.
The service meets an increasing demand for flexible and efficient ways to manage
proprietary- and tailor-made indexes, thematic/ESG baskets, and any corporate action
impacted portfolios, while keeping the independence and regulatory compliance of the
calculation and management process.
This partnership underscores ULTUMUS’ continuing growth across the ETF and Index
ecosystem. ULTUMUS has won “global ETF data provider of the year” for the past two years
and has attracted a growing majority of ETF issuers, trading desks, and asset managers to its
leading edge offerings for ETF/Index and basket data, PCF calculation and the COSMOS
Create/Redeem platform.
“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 which is integrated with our world class support and delivered via our API. We
have built the global infrastructure to handle the whole lifecycle of index data
management, around the clock, and accommodate demands for customisation,” says
Bernie Thurston, CEO of ULTUMUS.
About Ultumus
ETF and Index data are the backbone of what we offer at our company. We provide a singular focus on offering a real choice to trading desks, enterprise data groups, asset managers, and hedge funds. Our API feed technology is backed by brilliant client support that offers validated and enriched ETF or Index data. Our focus is on being the best provider of this type of data in the industry. We are constantly innovating and expanding our offerings to keep our clients happy. If you are looking for reliable ETF or Index data, then look no further than our company. We guarantee that you will be satisfied with our products and services. Contact us today to learn more about what we can do for you.
About BITA
BITA is a leading technology-enabled Fintech, focused on the provision of investment
customization infrastructure and indexing solutions to financial institutions across a variety of
market segments and applications. 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.