Indxx

Indxx, LLC
Private company
Industry Financial Services
Founded 2005
Headquarters New York City
Key people
Services
  • Benchmark Indexes
  • Index Development
  • Index Calculation
  • Portfolio Analysis
Website www.indxx.com

Indxx, LLC is a global diversified financial services firm. Founded in 2005 by Mexx Co-founder PK Sen Sharma, the company has offices in New Delhi, India; New York, USA; and Prague. It currently has four main business groups: Index Development, Index Calculation, Analytics and Research.

The firm's index division specializes in the development and publishing of proprietary custom indices, which are licensed to financial intermediaries worldwide. The company's global presence allows 24-hour continuous work capability, a model that offers more personalized service, responsiveness and adaptability compared to traditional larger, more-established index providers.[1] Indxx indices are currently used as benchmarks for exchange-traded funds,[2] SMAs, and other financial products.

History

Indxx started its operations in 2005, and was initially engaged in the development of indices that served as internal benchmarks for existing investment funds. Indxx entered the ETF market in 2009 and the first two ETFs based on Indxx indices were launched on NYSE in 2010; this number reached 16[3][4][5] in March 2016, with many additional products being prepared for launch.[6] In 2012, Indxx expanded operations in Europe with a London office. In 2013, Indxx launched services providing 3rd party index back testing, administration and calculation. Indxx’s latest offerings, Fund and Portfolio Analytics debuted in 2014. As of May 31, 2017, indices which were developed by Indxx were tied to various financial products and tracked assets of over $1.1 billion.

Main Business Groups

  • Index Development: Involved in working with ETF issuers, hedge funds, banks and other financial institutions and creating custom passive and active strategies, which are back tested and licensed to these institutions.
  • Index Calculation: Provides independent back testing, end of day and real time calculation, and ongoing index administration services including preparing and maintaining methodology guidebooks for index portfolios and dissemination of calculated index data to exchanges and third party databases.
  • Analytics: Offers fund portfolio analytics solutions, with the objective of providing specific recommendations linked with increasing fund AUM and analyzing performance of portfolio managers by measuring their security selection and asset allocation decisions.
  • Research: Develops product ideas focused on alternative and thematic investing. In addition, this department aims to facilitate investor education by publishing periodic blogs, research notes and whitepapers on indices launched by Indxx.

References

  1. ↑ Bell, Heather. "The Rise of The Small Index Provider.", Index Universe, April 2010
  2. ↑ Laskar, Anirudh & Mohan, Vyas. "ETF Outlook Brightens Amid Slowdown as Foreign Investors Flock to Safety.", LiveMint.com & The Wall Street Journal, October 04, 2011
  3. ↑ Lydon, Tom. "A New High Dividend, Low-Volatility ETF.", "ETF Trends", March 12, 2013
  4. ↑ Indxx LLC Launches Indxx Global Agriculture Index, “Business Wire”, December 21, 2015
  5. ↑ Van Eck Launches Market Vectors Generics ETF, “Business Wire”, January 14, 2016
  6. ↑ “SEC Filing” March 24, 2016
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