Best New Data Product: Euronext

The new Euronext platform has clearly impressed customers, with voters awarding it Best New Data Product this year. The reason for its popularity may stem from the fact it helps solve a regulatory pain point in a cost-efficient manner. Michael Hodgson, head of information services, Euronext, says: “We’ve rebuilt our index processor to cater for demand from clients that currently run their own internal index departments but, due to regulation and cost, are now wanting to outsource the calculation and distribution of their indexes to a third-party calculation agent.”

The Euronext index platform was previously focused on Europe and equities, and the new platform has been designed to cover more asset classes and global markets. In fact, Euronext now offers a one-stop shop. It can work with clients on building an index, calculate it for them and make it visible to clients and private investors via its distribution platform and network of data vendors. The new platform also automates and simplifies a lot of the back testing, and offers basic programming that makes designing a new index easy. “We can go from talking to a client about an index to launching it within 10 days, and that reactivity is what clients are saying is very beneficial to them,” says Hodgson.

With a competitive pricing model and a short time to market, the new platform appears to offer a winning formula for the European exchange and its clients.