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Institutional Services Demo
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below for a demo. |
| Dividend Forecast, Number Shares, Sectors Spreadsheet
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S&P 500 Stocks Number of Shares - Brief:
(Provides a table with Stock Symbol and Number of Shares)
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S&P 500 Stocks Number of Shares - Expanded:
(Provides a table with Stock Name, Symbol, Number of Shares, and Spider (SPDR) sector code.)
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| Fair Value, Program Trading Buy/Sell Values
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| Index Divisors |
- S&P 500, Nasdaq 100, Dow Jones Ind. Avg. |
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IndexArb also provides mathematical analyses and customized software development for
institutions. The software we develop can be deployed on either our client's systems or a
private, segregated, and secure portion of our servers. In the latter case,
the advantages for our clients are:
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Their customized information is available (24x7) to their employees worldwide via the Internet. |
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They avoid incurring costs for operating and maintaining computers that host their applications. |
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IndexArb performs all daily systems operations and maintenance. |
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For more information about our subscription or customized services, please contact us:
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phone: (800) 772-6637, (805) 681-7200 |
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email: contacts@indexarb.com |
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regular mail: Ergo Inc., 3724 Portofino Way Suite A, Santa Barbara, CA 93105 |
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To subscribe to our data services, please click here
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| Descriptions of the above subscription services follows:
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1. Dividend Forecast, Number of Shares, Sectors Spreadsheet
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Uses include: |
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Dividend forecasts are used for dividend capture programs, index futures arbitrage,
and index option portfolio management. |
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Number of shares and index weights are used for fast cash index calculations, long/short
hedging, and custom basket construction. |
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Sector membership (Spider sector name and symbols) in a single spreadsheet facilitate
sector-to-sector and intra-sector analyses and rankings. |
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The spreadsheet can be used to determine intra-index and cross-index arbitrage profit/loss
and single stock futures fair values. |
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Many of our clients use the text version of the spreadsheet data as input to their
algorithmic and "black-box" trading platforms that typically execute several hundred
trades each day. |
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Description: |
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IndexArb tracks the corporate dividend policy,
shares outstanding, and sector classification of
stocks in the S&P 500, Nasdaq 100, and
Dow Jones Industrial Average. The end result
of these studies is our Stock Spreadsheet.
This spreadsheet is essential for the uses described
above and the analyses presented in the free
section of www.indexarb.com, namely determining
the program trading parameters, index component
weightings, capitalization rankings, dividend yield rankings,
and per-share dividend amounts.
Accurate calculations of fair value and buy/sell
program values requires a precise determination
of which dividends will and will not be involved
in the time period between the current date
and the expiration of the index futures being
considered. This means that an accurate forecast
must be made for each dividend amount, record
date, and ex-coupon date. Consequently, considerable
effort is devoted to tracking the dividend
policy and financial prospects for each company.
For ease of comparison, historical per-share
dividend amounts are adjusted for corporate
events, such as splits or stock dividends.
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2. Ex-Dividend Schedule (with Index Dividend Points)
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Uses include: |
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Planning and scheduling dividend capture and arbitrage programs. |
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Optimizing index option portfolios by utilizing our accurate, rigorous determination of index dividend points. |
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3. S&P 500 Stocks Number of Shares - Brief
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Uses include: |
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Fast cash index calculations. |
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Calculation of S&P 500 index dividend points. |
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4. S&P 500 Stocks Number of Shares - Expanded
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Uses include: |
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Real-time calculation of SPDR ETF values. |
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Determination of Long/Short SPRD ETF spreads. |
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Determination of Long/Short stocks vs. their associated SPRD ETF. |
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5. Fair Value and Program Trading Buy/Sell Values.
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Uses include: |
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Developing and executing trading strategies and systems based on index-based instruments (futures, options, and ETFs). |
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Back-testing program trading buy/sell and fair values. |
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6. Index Divisors
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Uses include: |
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Calculating fast cash indexes. |
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Calculating intra-day, real-time fair value and program trading buy/sell values. |
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Calculating index-adjusted dividends for intra-day custom program or basket trades. |
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7. Index Change Advisory
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Uses: |
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Alerts subscribers to either announced or forecasted changes in the major indexes
and their constituent stocks.
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Examples include the impact and significance of:
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Monthly and quarterly index rebalancings and stock addition/deletions. |
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Stock addition/deletions to the indexes. |
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Mergers and acquisitions and significant corporate finance activities that affect weighting in the index. |
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Stocks likely to be added to the index. |
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Stocks whose dividends are likely to be reduced or eliminated. |
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| Click here to go to the IndexArb home page. |
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