Wikipedia

Indxx

Indxx, Inc. 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; Miami, USA and Prague, Czech Republic. It currently has over 100 employees spread across four main business groups: Indxx Indices, Custom Indices, Client Indices and Equity Basket Calculation.

Indxx, Inc.
Company typePrivate company
IndustryFinancial services
Founded2005
HeadquartersNew York City
Key people
Services
  • Benchmark Indexes
  • Custom Index Development
  • Index Calculation
  • Equity Basket Calculation
  • Portfolio Analysis

The firm specializes in the development and publishing of proprietary custom indices, which are licensed to financial intermediaries worldwide.[1] Indxx indices are currently used as benchmarks for exchange-traded funds,[2] SMAs, and other financial products.

Main Business Groups

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  • Indxx Indices: Unique index concepts developed fully in-house, by Indxx, and offered for license for passive products. Recent examples of this include the Indxx Blockchain Index,[3][4] and Indxx Disruptive Technologies Index.[5][6]
  • Custom Indices: Indices built, upon request, for the exclusive use of a client by Indxx’s index development team. Recent examples of this include the Indxx Global Robotics & Artificial Intelligence Thematic Index[7][8][9][10] and Indxx Artificial Intelligence & Big Data Index.[11][12]
  • Client Indices: In contrast to the Indxx Indices or Custom Indices services, where index development is driven by Indxx, the Client Indices service is for clients who know the exact methodology they want. Indxx’s team then codes, builds and backtests the index based on the client’s instructions. Common coding languages utilized include Python, MATLAB, and others.
  • Equity Basket Calculation: Best utilized by clients who seek to run their own equity index methodologies and simply provide Indxx with the index names and weights.

History

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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[13][14][15] in March 2016, with many additional products being prepared for launch.[16] This number exceeded 90 products as of December, 2020.

  • 2010: First two ETFs tracking Indxx indices launched on the NYSE.
  • 2013: Launched 3rd party index back testing, administration and calculation services.
  • 2017: Total assets under management of exchange traded products tracking Indxx indices crossed $1 billion. Indxx expanded its geographical presence and had the first ETF tracking one of its indices launched in the Middle East.
  • 2018: Indxx entered new markets by launching products in Europe, Canada, and Australia.
  • 2019: Total assets under management of exchange traded products tracking Indxx indices exceeds $5 billion.
  • 2020: Launched the ESG Index Series and Benchmark Index Series. Total assets under management of exchange traded products tracking Indxx indices exceeds $10 billion.

As of March 2022, indices which were developed by Indxx were tied to various financial products and tracked assets of over $22 billion.[17]

References

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  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. ^ Indxx Blockchain Index
  4. ^ First Trust Indxx Innovative Transaction & Process ETF
  5. ^ Indxx Disruptive Technologies Index
  6. ^ "ALPS Disruptive Technologies ETF". Archived from the original on 2018-10-12. Retrieved 2018-11-02.
  7. ^ Indxx Global Robotics & Artificial Intelligence Thematic Index
  8. ^ "Global X Robotics & Artificial Intelligence ETF". Archived from the original on 2018-10-30. Retrieved 2018-11-02.
  9. ^ Horizons Robotics & Automation ETF
  10. ^ BetaShares Global Robotics & Artificial Intelligence ETF
  11. ^ Indxx Artificial Intelligence & Big Data Index
  12. ^ "Global X Future Analytics Tech ETF". Archived from the original on 2018-09-16. Retrieved 2018-11-02.
  13. ^ Lydon, Tom. "A New High Dividend, Low-Volatility ETF.", "ETF Trends", March 12, 2013
  14. ^ Indxx LLC Launches Indxx Global Agriculture Index, “Business Wire”, December 21, 2015
  15. ^ Van Eck Launches Market Vectors Generics ETF, “Business Wire”, January 14, 2016
  16. ^ “SEC Filing” March 24, 2016
  17. ^ “Russia sanctions put ETFs on sidelines during crisis” March 28, 2022
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