S&P Dow Jones Indices Unveils SPICE® IndexBuilder™: The Power to Prototype Custom Indices

Rhea-AI Summary

S&P Dow Jones Indices (NYSE:SPGI) launched SPICE® IndexBuilder™ on October 16, 2025, a self-service platform that lets S&P DJI customers prototype, backtest, analyze, and order custom indices within one interface.

Key features include comprehensive customization of attributes, flexible parameters (return types, currencies, weighting, screens, caps), fast historical backtesting, advanced comparative analytics, and one-click index ordering (subject to approval and licensing). The tool integrates with SPICE index data for cross-asset, multi-region index design.

Insights

Index product strategist

SPICE IndexBuilder launches a self-service route for clients to prototype, backtest and order custom indices, now available to S&P DJI customers.

SPICE IndexBuilder creates a direct product path by combining S&P DJI’s index data and methodologies with user-driven design tools. It lets clients assemble bespoke indices, run fast backtests, compare analytics across rebalance periods, and submit index creation requests for approval and licensing, all within one interface.

The platform’s commercial value depends on client adoption, licensing approvals, and the governance process that follows a one-click order. Key operational risks include approval/licensing friction and the need to preserve index governance while enabling self-service. Watch uptake metrics and time-to-approval after the Oct. 16, 2025 launch and any published conversion rates from prototypes to licensed indices over the next 12 months for concrete evidence of market traction.

NEW YORK, Oct. 16, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, today announced the launch of SPICE® IndexBuilder™, an innovative self-service platform that significantly streamlines the design, testing, and ordering of custom indices. Available now to all S&P DJI customers, this powerful tool enables users to independently prototype, backtest, analyze, and order customized index solutions — all within a unified, intuitive interface supported by S&P DJI's trusted data and rigorous methodologies.

Cameron Drinkwater, Chief Product & Operations Officer at S&P DJI, commented: "SPICE IndexBuilder reflects our ongoing commitment to client-led innovation. By empowering users to design and test their own indices quickly and efficiently, we are removing barriers to entry and shortening time-to-market. This platform enhances our commercial offering and supports our broader strategy of delivering scalable, customizable solutions across client segments."

Paul Shapiro, Head of SPICE IndexBuilder at S&P DJI, added: "Custom indexing has become a critical part of how investors implement specific strategies. With SPICE IndexBuilder, we are providing clients with direct access to our professional-grade index creation tools — giving them more flexibility while maintaining the robust data quality and governance they expect from S&P DJI."

Key Features of SPICE IndexBuilder include:

• Comprehensive Customization: Access S&P DJI's extensive library of index attributes and data to modify existing indices or build bespoke solutions aligned with unique investment goals.
  
  
• Flexible Parameters: Customize key settings including return types, currencies, weighting methodologies, screens, exclusions, and caps to reflect precise strategy constraints.
  
  
• Fast Backtesting: Generate detailed historical performance and composition analytics quickly and independently, enabling swift evaluation of index concepts.
  
  
• Advanced Analytics: Compare multiple custom index ideas with deep insights across rebalance periods, supporting informed decision-making.
  
  
• Seamless Index Ordering: Once finalized, clients can submit index creation requests with a single click, accelerating time-to-market, subject to approval and licensing.

SPICE IndexBuilder will leverage the capabilities of SPICE, S&P DJI's comprehensive index data platform, providing a scalable and efficient solution that enables investors to confidently innovate across diverse asset classes, geographies, and investment themes.

For more information on the SPICE IndexBuilder, please visit SPICE - S&P Dow Jones Indices and download the brochure here 

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

Silke Mcguinness
Global Head of Communications
(+1) 415 205 8414
silke.mcguinness@spglobal.com 

Alyssa Augustyn
Americas Communications
(+1) 773 919 4732
alyssa.augustyn@spglobal.com

Asti Michou
EMEA Communications
+44 (0) 79 70 887 863
asti.michou@spglobal.com 

Lizzie Wang
APAC Communications
+852 2532 8030
lizzie.wang@spglobal.com

 

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SOURCE S&P Dow Jones Indices

FAQ

What is SPICE IndexBuilder and when did S&P DJI (SPGI) launch it?

SPICE IndexBuilder is a self-service platform for prototyping, backtesting, analyzing, and ordering custom indices; it launched on October 16, 2025.

How can SPICE IndexBuilder (SPGI) help investors backtest custom indices?

The platform provides fast historical backtesting and detailed composition analytics so users can evaluate index concepts independently.

Which customization options does SPICE IndexBuilder from SPGI offer?

Users can customize return types, currencies, weighting methods, screens, exclusions, and caps using S&P DJI's index attribute library.

Can clients order a live index through SPICE IndexBuilder (SPGI)?

Yes — clients can submit an index creation request with a single click; finalization is subject to approval and licensing by S&P DJI.

Does SPICE IndexBuilder support multi-asset and multi-region index design for SPGI clients?

Yes — the tool leverages the SPICE data platform to enable scalable index design across diverse asset classes, geographies, and themes.