Our Equity Basket Calculation service is a simple, one-stop solution to all the index calculation, management, and administration needs of our clients. This service can be broadly classified into the following types:
We perform independent standard backtests on index strategies for long time frames. Our capabilities extend to a wide array of asset classes such as equity and income, to name a few, and strategies such as thematic, tactical, and income. We also assist clients in enhancing their methodologies and optimizing their existing strategies to reflect the current investment environment.
We offer a complete range of index management and index administration services. These include independent rebalance, review, reconstitution, and benchmark administration. Our team works closely with clients to track corporate events and announcements. Additionally, we also provide methodology enhancement recommendations.
We utilize an independent, rules-based approach for index creation and administration. Our index rules, constituents, and index level data are publicly available, providing transparency to our customers.
Currently, we manage more than 500+ indices, and have an established reputation for delivering high quality products.
We can calculate indices at the following frequencies:
We also monitor and manage the risk and complexities of all types of corporate actions. Our strong governance frameworks ensure the data provided to our clients is of high quality.
Indxx Standard Calculation Guidelines
We offer timely delivery of index-related notifications. The index values, daily opening and closing files, and corporate action announcements are made available to the client as per their desired format. These values are made accessible via varied platforms as per client’s request, including:
A client can opt in for more than one of the above according to their requirements. Additionally, we also create custom factsheets and webpages for client indices.
Clients can count on us to allow them to get indices up and running quickly. Development times typically take between 1-3 weeks from starting the process to go-live.
The ability to tailor the calculation universe to our client's needs is a key differentiator of our Equity Basket Calculation service. We have a wide equity universe coverage and provide our clients with the flexibility to access the bespoke universe coverage they desire.
Our corporate action adjustment process is distinct for each index and in line with the industry standard guidebook. We also have a provision to accommodate any special corporate action adjustments that our clients may require.
We follow a robust corporate action management and validation process. We maintain an extensive and comprehensive corporate action repository collated from three independent sources, on a daily basis. If any discrepancy arises between corporate actions reported from the sources, it is carefully examined and manually reconciled, and the corporate action is then updated in the database.
Additionally, we have an independent and experienced quality assurance team that reviews all index data, from corporate action adjustments to additions or deletions during index review cycles. This ensures that index products maintained and calculated by us are of the highest quality.