Indxx
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2005 |
| Founder | PK Sen Sharma |
| Headquarters | New York City , United States |
Area served | Worldwide |
| Products | Proprietary custom indices, index calculation and administration services |
Number of employees | 100+ |
Indxx, Inc. is an international financial services company established in 2005 by PK Sen Sharma, co-founder of Mexx. Its headquarters are located in New York City, with additional offices situated in New Delhi, Miami, and Prague. The firm employs more than 100 professionals distributed among four primary divisions: Indxx Indices, Custom Indices, Client Indices, and Equity Basket Calculation.
The organization focuses on creating proprietary custom indices that are licensed worldwide to financial intermediaries. These Indxx indices function as benchmarks for exchange-traded funds (ETFs), SMAs, and various other financial instruments.
Main Business Groups
- Indxx Indices: Internally developed proprietary index concepts licensed for use in passive investment vehicles. Examples include the Indxx Blockchain Index and the Indxx Disruptive Technologies Index.
- Custom Indices: Client-specific indices designed exclusively upon request. Prominent examples are the Indxx Global Robotics & Artificial Intelligence Thematic Index and the Indxx Artificial Intelligence & Big Data Index.
- Client Indices: Services catering to clients with established methodologies; Indxx codes, constructs, and backtests indices according to client-defined criteria utilizing programming languages such as Python and MATLAB.
- Equity Basket Calculation: Provides support for clients managing their own equity index strategies by computing baskets based on submitted index names and weightings.
History
Indxx commenced its operations in 2005, initially creating indices to serve as internal benchmarks for investment funds. The company entered the ETF arena in 2009, with the first two ETFs linked to Indxx indices debuting on the NYSE in 2010. This number expanded to 16 by March 2016, alongside numerous products under development. By December 2020, more than 90 ETFs were tracking indices developed by Indxx.
- 2010: Debut of the first two ETFs tracking Indxx indices on the NYSE.
- 2013: Introduction of third-party index backtesting, administration, and calculation offerings.
- 2017: Assets under management (AUM) for exchange traded products (ETPs) tracking Indxx indices surpassed $1 billion; geographic expansion included a first ETF launch in the Middle East.
- 2018: Entry into new markets with product launches across Europe, Canada, and Australia.
- 2019: ETPs tracking Indxx indices exceeded $5 billion in AUM.
- 2020: Launch of ESG Index Series and Benchmark Index Series; ETPs linked to Indxx indices surpassed $10 billion AUM.
As of March 2022, financial products associated with indices developed by Indxx tracked assets totaling over $22 billion.