Euronext celebrates launch of indexmotion
Today Euronext celebrates the launch of indexmotion, the new fully customisable index service that offers index calculation across equities, commodities and currencies 23 hours a day and five days a week, with three end-of-day runs reflecting market close in Asia, Europe and the Americas. By launching indexmotion, Euronext is responding to the growing interest amongst investors in index-type products. Michael Hodgson, Head of Information Services at Euronext, sounds the gong.
indexmotion is designed to be able to support anyone that has an index idea or benchmarking need, ranging from tier one banks looking to outsource their own indices to ETF/ETP providers that want to develop new and unique product ideas to market. The index service offers the client oversight of the design, calculation, distribution and commercialisation to develop an idea into a fully-managed commercially distributable solution. A team of dedicated Euronext specialists will be in place to provide support resulting in a more efficient delivery process and a significantly reduced time to market. Moreover indexmotion has a very broad reach as the index data can be distributed over the infrastructure and network of the 400 authorised data redistributors that deliver other Euronext data products.
Euronext also continues to focus on its existing indices. Since the start of the year it has already signed over 50 one-off index licence agreements as well as several blanket index licence agreements. The number of products listed on Euronext, linked to its blue chip indices, increased by 43% while the ETFs linked to Euronext’s main indices saw a net inflow of EURO 550 million.