Benefitting from total independence, the new generation of platform will allow companies to maintain and customise their calculations in-house. Traditionally, companies had to build their own index platform or, if they relied on an outsourced provider, had to forego the intra-day control of the calculation process.

The new oracle-based platform from Indxis has been created using the latest architecture which benefits from high availability, low latency and resilient components. It will allow users to take full control of calculating, administering, maintaining and disseminating indices on a true real-time basis.

Alan Price, sales director for Indxis, said: "We believe this new platform will be beneficial to those wanting to take advantage of customisable index calculations. In the past, this has only been possible through complex, bespoke system development or via an external provider. We can offer this as a complete package for in-house deployment or through a hybrid outsourced software as a service (SaaS) option.

"Available to exchanges and index providers, the new platform can be fully customised to the preferences and needs of each individual company. The platform is an invaluable resource as the provision of index-based services increases."

The system is able to simultaneously receive incoming data feeds from multiple sources. It can support all assets which is an increasingly important factor for the more complex range of index-based investable products.

Indxis is at the forefront of new technology and innovations in the indexing industry. In 2010, it produced the UK Dividend Achievers Index, composed of UK companies that have increased their annual regular cash dividends over the past five or more consecutive years. Assets based on the successful Dividend Achievers family of indices reached over $11 billion at the end of October 2011.