Ultumus

What Ultumus does

Ultumus is a London-headquartered financial data technology company founded in 2016 by Bernie Thurston, a former Credit Suisse and Markit executive, and acquired by Swiss exchange operator SIX Group in 2021. The company provides four core products to the global ETF ecosystem: Index Data Services (global benchmark data covering 3 million indices), ETF Data Services (data covering 14,000+ ETFs including NAVs, flows, and tax flags), PCF Calculation (Portfolio Composition File calculation for ETF creation/redemption), and COSMOS ETF OMS (a workflow platform connecting authorised participants, issuers, and fund servicing agents via straight-through processing). In February 2026, Ultumus launched Atlas, a next-generation platform built with 28Stone Consulting that delivers faster data views, quicker index rebalance calculations, and continuous deployment. Technology is cloud-native, built on modern capital markets infrastructure, and standardises 100% of provider files with full audit trails within 15 minutes of receipt.

The company operates a B2B enterprise sales model with custom-priced annual subscriptions, selling to ETF issuers, authorised participants, fund administrators and transfer agents, asset managers, and market makers. Customers include Tier 1 institutions such as Invesco, HSBC, BNP Paribas, DWS, Fidelity, Société Générale Securities Services, Global X, and Swisscanto. Ultumus distributes directly and through partnerships with technology and fund administration platforms including Multifonds, FlexTrade, BITA, and 3ap, with offices in London (HQ), Singapore (regional HQ for APAC), Hong Kong, and a registered US entity in Delaware. The business is positioned as mission-critical infrastructure for the ETF ecosystem, with 60+ APs, issuers, and fund servicing agents onboarded to the OMS platform and 24/5 client support across time zones.

Name

Ultumus

Legal name

Ultumus Group Ltd

Website

https://ultumus.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Ultumus is a London-based financial data technology company that provides ETF and index data services, PCF calculation, and order management workflow solutions to global financial institutions including ETF issuers, authorised participants, fund administrators, and asset managers. It is a subsidiary of SIX Group.

Ownership category

akta.pro rank

Product category

Financial Data & ETF Infrastructure Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Services-Computer Processing & Data Preparation (7374), Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Data Quality, Profiling & Validation (within Integration) (HDAEACAI)

akta.pro secondary industries

Batch ETL/ELT Platforms (HDAEACAA), Data Engineering, Integration & ETL/ELT Services (BPAEAHAB), Data Integration, ETL/ELT & Reverse ETL (BPAMAOAI)

Keywords

• ETF data services
• Index data services
• Portfolio composition files
• ETF order management
• ETF workflow automation

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Data Services Subscription: Subscription-based access to validated ETF and index data services, providing comprehensive global coverage across all asset classes. Includes daily NAVs, flows, tax flags, index data, and related analytics.
2. PCF Calculation Services: Professional calculation services for Portfolio Composition Files, enabling compliant regulatory reporting and efficient automated workflows for ETF creation and redemption processes.
3. ETF Order Management System (COSMOS): Platform access for ETF creation and redemption processing with connectivity to authorised participants, issuers, and fund servicing agents. Provides single point of access with straight-through processing capabilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Ultumus provides a cloud-native technology platform that captures, normalises, enriches, and distributes validated ETF and index data daily across 14,000+ ETFs and 3 million indices. Its four core offerings are Index Data Services, ETF Data Services, PCF (Portfolio Composition File) Calculation, and the COSMOS ETF Order Management System for creation/redemption workflow automation. Customers include ETF issuers, authorised participants, fund administrators, asset managers, and market makers who rely on the platform for mission-critical data and straight-through processing connectivity.

Product overview

Ultumus is a technology platform providing ETF and index data, calculation, and workflow solutions to the global ETF ecosystem. The core offering consists of four main products: Index Data Services (providing global index data across all asset classes), ETF Data Services (comprehensive global ETF data), PCF Calculation (portfolio composition file calculation and distribution), and COSMOS ETF OMS (order management system for creation/redemption). These products are complemented by Atlas, a next-generation platform launched in partnership with 28Stone, which delivers faster ETF data views and enhanced index rebalance calculations with improved workflow capabilities. The platform processes data for over 14,000 ETFs and 3 million indices.

Differentiator

Problem solved

Functional benefit

Brands

• Atlas: Next-generation ETF and index data platform launched in partnership with 28Stone Consulting, offering faster ETF data views, quicker index rebalance calculations, and workflow improvements including enhanced dividend data, consistent FX handling, and improved search functionality.
• COSMOS
• ETF OMS

Products and services

• Index Data Services Global index data service covering all asset classes with accurate, timely, pre-validated data for seamless index aggregation. Includes DIPS, T+ data, dividend forecast, constituent weightings, proforma, and corporate actions and adjustments. Designed for asset managers, ETF issuers, and benchmark users.
• ETF Data Services Comprehensive global ETF data covering all asset classes, including ETF basket tracking, daily NAVs, flows, tax flags, issuer composition, PCF tracking, and ETF flow analytics. Powers transparency, accuracy, and performance across the ETF ecosystem for issuers, APs, and asset managers.
• PCF Calculation Portfolio Composition File (PCF) calculation service providing accurate, compliant regulatory reporting with automated workflows for passive, active, and multi-asset ETF strategies. Powered by expert fund accountants, the service enables ETF trading globally with speed, scale and accuracy.
• Ultumus ETF OMS (COSMOS) Shared ETF order management platform automating the full ETF creation and redemption lifecycle from order submission through negotiation, pricing and settlement. Provides single point of connectivity with authorised participants and issuers, normalised to internal workflows with straight-through processing (STP).
• Atlas Platform Next-generation ETF and index data platform delivering faster ETF data views, quick index rebalance calculations, and workflow improvements including clearer dividend data, more consistent FX handling, and enhanced search functionality. Built as an evolving platform with continuous delivery based on client input.

Quantifiable outcome

• 15-minute data delivery from provider receipt, enabling faster client action
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• 28Stone ConsultingcoreTechnology or Integration · 18 February 2026Ultumus partnered with 28Stone Consulting to launch Atlas, a next-generation platform for comprehensive index data coverage. 28Stone provided modern capital markets technology capabilities, modernising platform architecture, development workflows, and deployment practices to establish a lean, continuous delivery model. The platform delivers faster ETF data views, quick index rebalance calculations, and workflow improvements including enhanced dividend data, consistent FX handling, and improved search functionality.
• MultifondscoreStrategic or Co-development Partner · 5 February 2026Strategic partnership to support ETF expansion across Europe, Asia, and North America. The collaboration combines Multifonds' fund administration platform supporting over $10 trillion in assets across 40,000+ funds in 35 jurisdictions with Ultumus' ETF infrastructure technology including the COSMOS platform and network of authorised participants and market makers. The partnership provides a standard off-the-shelf connector enabling end-to-end ETF operations from fund accounting through trading and settlement.
• DONNER & REUSCHELminorStrategic or Co-development PartnerPartnership with DONNER & REUSCHEL and HANSAINVEST to launch Germany's first domestically structured ETF share class, combining Ultumus' ETF technology with German fund administration expertise.
• HANSAINVESTminorStrategic or Co-development PartnerPartnership with DONNER & REUSCHEL and HANSAINVEST to launch Germany's first domestically structured ETF share class, enabling domestic ETF structuring in Germany.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Bloomberg L.P. Bloomberg provides comprehensive financial market data, analytics, and the BUYG ETF/Index workflows that compete directly with Ultumus's data services and PCF calculation. It is a broad incumbent with deeper resources and a multi-asset offering.
• LSEG (Refinitiv): LSEG owns Refinitiv, which provides index, ETF, and reference data products (e.g., Lipper, Datastream) that overlap directly with Ultumus's index and ETF data services. It is a broad incumbent competitor across global markets.
• MSCI: MSCI is a leading index provider whose data and index feeds overlap with Ultumus's Index Data Services. It is a broad incumbent with deep integration into asset manager and ETF issuer workflows.
• FactSet: FactSet provides portfolio analytics, ETF data, and reference data to asset managers and is a frequent alternative to Ultumus's ETF and index data services in enterprise RFPs. Overlap is high in buy-side workflows.
• S&P Global: S&P Global operates major index franchises (S&P DJ Indices) and data/analytics products that directly compete with Ultumus's index data offering. Its scale and bundling make it a key competitor in enterprise data deals.
• Intercontinental Exchange (ICE): ICE provides index data (e.g., ICE BondPoint, NYSE data) and fixed income/ETF reference data that competes with Ultumus's index data services. It is a broad incumbent with strong exchange-operator distribution.

Direct peers

• Trackinsight: Trackinsight provides global ETF analytics, flows, and ratings data with a focus on transparency and distribution. It is a direct peer in ETF data analytics and overlaps with Ultumus's ETF Data Services.
• ETFGI: ETFGI provides independent ETF research, data, and analytics for the global ETF industry. It is a direct peer in ETF data and analytics, often cited alongside Ultumus in market intelligence contexts.
• Solactive: Solactive is a German index provider offering custom and thematic indices, similar to Ultumus's Index Data Services. It is a direct peer targeting ETF issuers and asset managers with comparable index data products.
• SS&C (Confluence): SS&C's Confluence unit provides fund administration, reporting, and ETF data services that overlap with Ultumus's PCF calculation and data services. It is a direct peer in back-office ETF operations for asset managers and fund administrators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

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• Instagraminstagram.com/ultumusbysix?utm_source=ig_web_button_share_sheet&igsh=MXVoNWFjaWxlMTkzaw==
• Xx.com/ultumus

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ultumus