BITA is the world's first provider of end-to-end infrastructure for self-indexing and systematic investing. Our platform allows institutional clients to flexibly design, backtest, and calculate production-ready indexes and strategies without having to rely on traditional index solutions, multiple data vendors and complex internal tools. Thanks to BITA's flexible platform, financial institutions are able to self-index and control their product development, while still outsource operations and regulatory compliance. BITA is a BaFin registered benchmark administrator.
”Given the fact that most of our processes rely on heavy automation, data quality is the most important success factor in our business. At BITA we leverage OpenFIGI's reference system as a reliable tool for the process of mapping and cleansing the vast amount of instruments we receive from many data providers. While most identifiers are either restrictive in terms of usage, or inconsistent in terms of assignability, FIGIs are unique and permanent, making them the perfect backbone for a well managed in-house reference data master. ”
Victor Hugo Gómez, Managing Director at BITA