OMX is the largest provider of equity and fixed income indexes in the Nordic region and calculates approximately 1,800 indexes as of today, whereof more than 550 are customized indexes.
OMX offers design, calculation and dissemination of customized indexes for providers of structured finance products, asset managers, risk analysts, pension funds and other financial investors. Index products (either as benchmark or an underlying) are developed according to individual demand, for example certain regions, sectors, themes, taxes, regulatory constraints, calculation methods or a specific investment strategy.
OMX range of services covers the entire business process, from specialist consultancy and design to calculation and dissemination of index data according to the customers enquires. The Indexes are calculated in real time and can be disseminated to all the major vendors. Transparent and stringent set of rules, OMX independence and a highly developed index calculation system ensure a high quality product.
Key Benefits
Reduce Tracking Error – By customizing your benchmark index to more accurately reflect your specific investment mandate – such as SRI restrictions, investment strategy or capping limitations – you could potentially reduce the tracking error between your investment process and its benchmark index.
Create Specialized Investment Products – If you are looking to create a product designed to capture a unique investment opportunity set, OMX customized indexes may be used as the basis for mutual funds, exchange traded funds, derivatives, and structured products.
Save Time and Money – By outsourcing the calculation to an independent index design and calculation specialist – you can focus on your core business.
Access to OMX Distribution Channels – and network provides high attention and free marketing to your index and brand.
Service overview of OMX Customized Index Offering
Development of index concept
Construction of index guidelines/methodology
Calculation of historical index data
Deliverance of index weight reports
Periodically index reviews
Custom selection (or exclusion) of index constituents in co-operation with customer or external research partner
