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Index and benchmark: a buyer's guide

What we list in this category, where each entry came from, and the questions worth pressing on before you commit.

Every entry below was recorded from a page we opened, and each carries the source we read. Where we could not establish something it is left blank rather than guessed. Read how this site works if you want the detail.

What we list

Every product we hold in this category, in one list. A supplier that has run in production for twenty years and one that launched last year appear together and carry the same fields, because that is the comparison a buyer has to make. Each entry's founding year and owner are on its company page where the company states them, and both bear on continuity: long service is evidence a supplier will still be there, and a young supplier may offer capability and pricing the incumbents do not while carrying fewer references at your size.

• Alts Data Management — LP-side management of alternatives data alongside public holdings, with private fund benchmarks and the Navigator scenario modelling tool. source
• BITACore — Cloud index development system that lets asset managers, ETF issuers and exchanges build, backtest and customize index rulebooks without coding, sold alongside BITA's index calculation, iNAV and administration services; Cboe adopted it in 2023. source
• BarraOne — Multi-asset factor risk and return attribution across public and private assets, built on the Barra models. source
• CEPRES Portfolio Management — Monitors funds and portfolio companies across PE, VC, credit, real estate and infrastructure on top of a verified deal performance database; legal entity is CEPRES GmbH. source
• CF Benchmarks — Cryptocurrency indices used as reference rates for derivatives, ETFs and other financial products. source
• Cboe Global Indices — Index provider for derivatives-based and strategy benchmark indexes. source
• Coin Metrics — Digital-asset market and on-chain data, reference rates, prices, indexes and the datonomy classification system, delivered by API to asset managers, hedge funds and crypto funds. source
• CoinDesk Indices (CDI) — FCA-regulated benchmark administrator with 400-plus BMR-compliant crypto indices including the CoinDesk 20 and the CoinDesk Bitcoin Price Index, in continuous operation since 2014; the former CCData site (ccdata.io) now redirects to CoinDesk Data and its index pages to CoinDesk Indices. source
• Compass Financial Technologies — Index provider designing and calculating indices across commodities, currencies, digital assets, equities, fixed income and real estate. source
• FT Wilshire Index Series — US and global equity benchmarks including the FT Wilshire 5000, style, factor, real estate, infrastructure and digital asset indexes, with a W+ Analytics tool for index customization and attribution. source
• FTSE Russell Indices — Equity, fixed income, real estate, infrastructure, digital asset and benchmark-rate index families used as fund benchmarks worldwide. source
• HFR Indices — Hedge fund performance indices, a hedge fund database and industry performance reports. source
• Hang Seng Indexes — Calculates and licenses benchmark indexes, including the Hang Seng Index, for Hong Kong and mainland China markets. source
• ICE Consolidated Feed — Streaming low-latency consolidated data feed delivered over the ICE Global Network, alongside ICE Consolidated History for tick archives and Continuous Evaluated Pricing. source
• ICE Index Solutions — Fixed income focused index family that its own page says benchmarks about $2.0 trillion of assets, sold alongside custom index and benchmark-transition services. source
• Impact Cubed ESG and Impact Data — Over 300 ESG and impact metrics used for portfolio factor analysis, fund and manager selection, and custom index design. source
• Index One — Self-serve index calculation platform covering custom index creation, backtesting, rebalancing and corporate actions, sold to asset owners, advisors, banks and fintechs. source
• Indxx Index Calculation & Administration — Independent index provider offering custom indexing, real-time or end-of-day calculation, corporate actions handling and full benchmark administration across 500-plus indices; offices in the US, UK, India, Israel and South Korea. source
• Kaiko Indices — BMR-compliant digital asset reference rates, multi-asset crypto indices and third-party calculation agent services including NAV calculation; the crypto index firm Vinter's domain now redirects into Kaiko, and Kaiko has also acquired Amberdata. source
• Kaiko Market Data — Digital asset market data feeds, fair value pricing, indices and surveillance for institutions and regulators; the homepage announces that Kaiko has acquired Amberdata. source
• Kaiko Reference Data — Digital asset reference data covering crypto asset identifiers, supply metrics and derivative contract specifications, alongside market data, indices and fair value pricing. source
• MSCI ESG Ratings — Scores companies on exposure to industry-specific environmental, social and governance risks, and feeds most of the ESG indices institutions benchmark against. source
• MSCI Indexes — Global equity and multi-asset benchmarks plus client-designed custom indexes; MSCI bought Foxberry (London, founded 2014, foxf9 platform) in February 2024 and Compass Financial Technologies, whose site now says it is part of MSCI. source
• MarketVector Indexes — German-incorporated benchmark administrator best known for thematic, hard-asset and digital-asset indexes, maintaining indexes under the MarketVector, MVIS and BlueStar names with about $178 billion in linked assets. source
• MerQube — Cloud-native index design and calculation platform for rules-based and structured-product indices; raised a $22m Series B in July 2023 led by Intel Capital, with Citi, UBS, Laurion Capital, Allianz Life Ventures and other investors participating. source
• Morningstar Index Services — White-label index design, calculation and administration for firms that want to run their own benchmarks; this is the former Moorgate Benchmarks, whose domain now redirects here. source
• Morningstar Indexes — Equity, bond and thematic benchmarks; the CRSP Market Indexes were rebranded Morningstar Market Indexes, and crsp.org/indexes now permanently redirects to the Morningstar site. source
• Nasdaq Global Indexes — Nasdaq-100 and the wider Nasdaq index family, plus thematic, quantitative and custom indexes built for issuers and asset managers. source
• Portfolio Valuations — Independent valuations of illiquid investments for alternative asset managers, delivered by the Valuations & Opinions Group alongside the Lincoln Private Market Index. source
• Rimes Enterprise Data Management — Ingests, validates, enriches and governs investment data across asset classes and delivers it into tools such as Databricks and Snowflake. source
• Rimes Intelligence Fabric for Capital Markets — Managed data service covering security master, price master and entity master alongside benchmark, index, ESG and private markets data. source
• S&P Dow Jones Indices — Runs the S&P 500 and Dow Jones families and sells design, construction, management and distribution of custom indices to asset managers. source
• STOXX Indices — European benchmark house behind DAX, EURO STOXX 50 and STOXX Europe 600, now branded ISS STOXX after the Qontigo and ISS combination; its own about page claims 25-plus years of index work. source
• Solactive Indices — Designs, calculates and licenses indices across all asset classes and competes on price and turnaround speed against the older benchmark houses. source
• TheIndex.Company Fixed Income Indices — Rules-based government, corporate, high yield, green bond, emerging market and inflation-linked indices with daily OFAC, EU, UK and UN sanctions screening, aimed at asset managers, ETF issuers and hedge funds. source
• VettaFi Index Services — Index design, licensing, calculation and administration assembled from Alerian, S-Network Global Indexes, ETF Trends and ETF Database; now owned by TMX Group, which added the Credit Suisse Bond Indices in 2025 and completed the purchase of RAFI Indices from Research Affiliates in August 2026. source
• dxFeed Index Management Solution — Outsourced index calculation and administration with custom dissemination schedules, corporate action treatment, rebalancing and quality monitoring, run off dxFeed's own market data. source
• dxFeed Market Data Feed and API — Live, historical and on-demand consolidated data across equities, futures, options, forex, crypto and indices, with analytics and visualization tools; the site states dxFeed and Devexperts both belong to dxFeed Solutions IE Limited. source
• privateMetrics — Benchmarks and valuation analytics for private infrastructure and private equity investments. source

What to ask

These come from the same question bank our request-for-proposal process uses, so a guide and an RFP never drift apart. The four sections below carry the most weight in that bank.

Functional fit

Whether the system does the job for YOUR instruments, markets and volumes — not for the demonstration portfolio. The questions separate what runs in production today from what is on the roadmap, because that distinction disappears in a sales meeting and reappears during implementation. It also asks what still has to be typed in by hand, which every system has and few volunteer.

• Which asset classes does the product support in production today?
• Is there a full audit trail of who changed what and when, and can it be exported?
• Does the system enforce segregation of duties between front and back office?
• Is maker-checker approval supported on material actions, and is it configurable by action type?
• Can a valuation be sourced and approved independently of the people who trade?

Security and resilience

Whether the vendor's security is independently attested or merely asserted. The questions ask for certifications you can read, penetration tests you can see the summary of, and recovery objectives that are written down. Incident history is asked directly, because a vendor that has handled a breach well is often a safer choice than one that has never been tested.

• Which independent attestations do you hold currently?
• Will you provide the most recent report under a non-disclosure agreement?
• Is data encrypted in transit and at rest?
• Is single sign-on supported, and is multi-factor authentication enforced?
• Can your own staff see our data, and is that access logged and reviewable by us?

Compliance and regulatory

Whether the system stands up to your regulator and your auditor. Covers the reporting regimes the product supports directly, whether it can evidence who saw or changed a record, how long records are retained, and where in the world your data physically sits — which is a hard constraint for many firms rather than a preference.

• Can the system evidence to an auditor who saw or changed a given record, and when?
• In which jurisdictions is our data stored and processed?
• Are there any pending criminal matters or debarment proceedings involving the firm, its officers or its managers?
• Which regulatory reporting regimes does the product support directly?
• When a regime changes, is the update included in the licence or charged separately?

Clients and references

Whether they have done this for a firm like yours, and whether those firms stayed. Vendors present client counts and logos readily; they present ATTRITION reluctantly, which is why this section asks for clients lost and migrations completed as separate questions from clients won. Size fit decides more failed implementations than feature lists do, so it is asked directly.

• How many client firms use this product in production today?
• How many of those are of a similar type to our firm?
• How many are within our assets-under-management band?
• How many clients did you LOSE in each of the last three years?
• How many implementations begun in the last three years were abandoned before go-live?

See all 39 products in Index and benchmark · Glossary