Markit’s Bespoke & Custom index service provides financial institutions with an independent solution to manage, calculate, and publish their indices.

As indices increase in complexity and asset class coverage, the demands on independent calculation agents increase. Markit is well positioned to meet these demands as we have years of experience in bonds, rates, equity, credit and structured finance indices.

Our Bespoke index service delivers indices built to the exact specifications of our clients, in any major asset class. Our Custom index service is based on our existing index families but allows modifications to meet the needs of the client. In both cases, our Index Design team works closely with our clients to ensure a result that meets the client’s needs. Markit is a market-leading index provider covering Credit (Markit CDX, Markit MCDX, Markit iTraxx), Loans (Markit LCDX, Markit Levx), Bonds (Markit iBoxx), Currencies (Markit iBoxx FX) and Structured Finance (Markit ABX, Markit CMBX and Markit TABX).

Markit Index Management includes these asset classes as well as equity and commodities to cover all major asset classes. The Bespoke & Custom index service is a white-labeled service and indices calculated are published under the client’s branding.

In cases where an index meets certain strict criteria of independence, transparency and objectivity, Markit can co-brand an index to establish the index as a market standard.

Key strengths

Independence

Markit is an independent third party for the calculation of indices. Markit is index calculation “agnostic” and can apply any required calculation to indices.

Reach

Markit counts 16 of the top global investment banks as strategic business partners and around 1,000 clients globally including investment banks, hedge funds, asset managers, exchanges and regulators with whom Markit can publish Custom index data.

Flexibility

Markit can service clients in Europe, the U.S. and the Far-East. Indices are run in the appropriate time zone to ensure they are ready for market open and Markit ensures the appropriate automated and manual validation processes are put in place as required. All clients are assigned a dedicated technical and commercial account manager.

Delivery & publication

Markit can deliver indices to existing clients via its systems via its incumbent XML, Exchanges and established data vendors on both an end-of-day and real-time basis as required.

Next steps

By their nature, all Bespoke and Custom Index clients’ requirements can vary. Markit is happy to arrange an initial meeting to show our capabilities and strengths in this complex area and overview how Markit can provide a solution to match our clients’ needs.

PIMCO Global Advantage Bond Index (GLADI) 

Société Générale SGI WISE Indices