Exponential Markets

EM Used Vehicle Index\ \ 147.736\ \ -0.54%\ \ EM EV Index\ \ 105.782\ \ -0.17%\ \ Indices updated Jul 16, 2026 9:00 AM ET. View indices

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Who we are

We’re a team of finance and auto industry professionals who believe in the power of free markets. We create market based solutions for new asset classes.

Our mission\ Working to accelerate transformation Our team\ Driven by innovation and collaboration Our advisory board\ Fortified by experience

Accelerating the technological revolution Financial solutions for new asset classes

Exponential Markets receives strategic investment from Citi

Read our latest blog Learn more about how our index represents a new benchmark

Revolution

Press Release

Latest Blog

We're a financial product innovation company

Learn more about us

With a combination of deep industry expertise and pioneering technology, we create novel derivatives that keep pace with growing market volatility in a rapidly changing landscape.

Our products mitigate the risk inherent to transitional periods, allowing our clients to focus on accelerating their businesses towards the future.

Price volatility does not have to equal business instability.


Our suite of solutions

New derivatives markets unlock risk transfer to benefit all market participants and bring stability to price volatility.

Indices\ \ Designed with deep expertise and cutting edge technology, our indices are agile, accurate and robust. Derivatives\ \ A new asset class for the automotive ecosystem.

An index you can trust

Our flagship benchmark is a first for the automotive industry

Every aspect of our Used Vehicle Index, from its design to its oversight, is built to serve as the underlying instrument for a planned range of derivatives contracts. Our index is created for the express purpose of trading.

Learn more about our Index Used Vehicle Index \ \ Exponential Used Vehicle Index\ \ Exponential Used Electric Vehicle Index\ \ 80100120140160Index Value\ \ Jul 23Oct 23Dec 23Mar 24Jun 24Sep 24Nov 24Feb 25May 25Aug 25Oct 25Jan 26Apr 26Jul 26050000100000150000Auc. Vol.\ \ Wed Jul 19 2023 00:00:00 GMT-0400 (Eastern Daylight Time)

Our Advisory Board

A wealth of experience

Our advisory board brings a wealth of experience across automotive, asset-backed securities, commodities, market design and derivatives trading.

Meet our advisory board

Klaus Entenmann

Klaus has over 35 years experience as an automotive captive finance executive and board member.

Kirk Shyroc

Kirk has over 20 years experience as a structured finance & auto-finance industry executive, entrepreneur, board member and investor.

Andree Ohmstedt

Andree has over 30 years of experience in Auto Finance.

Jagdeep Dayal

Jagdeep has over 25 years experience in captive auto finance, mortgages, consumer credit and commercial & CRE.

Justin Tisler

Justin has over 25 years experience in structured finance and capital markets as a treasury executive, entrepreneur and investor.

Alan Swimmer

Alan has over 30 years experience and is a board member and derivatives industry

John Heaton

Professor Heaton is a Finance Professor at University of Chicago’s Booth School of Business and Director of the UChicago’s Center for Research in Security Prices (CRSP)

Chad Syverson

Professor Syverson is a Professor of Economics at the University of Chicago’s Booth School of Business where he focuses on market design.

Bill Heskett

Bill has decades of experience in global and structured finance.


Our Clients

Unprecedented times unlock unprecedented solutions

Rapidly accelerating innovation creates risk — and opportunity. Learn more about how we’re helping our clients navigate the changing automotive landscape.

01\ \ Automotive manufacturers \ \ Future-proof your asset exposure 02\ \ Rental car companies \ \ Find solid ground in a changing landscape 03\ \ Auto insurers \ \ Risk mitigation for turbulent times 04\ \ Subprime lenders \ \ A reliable way to manage price volatility 05\ \ Financial firms \ \ Access an entirely new market

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Who we are

Our mission Our team Our advisory board

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EM automotive indices EM used vehicle derivatives On the horizon EM index administration

Our clients

Automotive manufacturers Rental car companies Auto insurers Subprime lenders Financial firms

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Press releases Blog

Education

Indices Derivatives

Governance

Documentation Index facts

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