SIX Financial Information has been crowned Best Overall Data/Service Provider for the first time at the Waters Technology Inside Market Data and Inside Reference Data awards. The data vendor also took home the Most Innovative Regulatory Solution, in addition to being named Best Corporate Actions Provider for the eighth consecutive year.
The awards are designed to recognize those firms leading the way in the market data, reference data and enterprise data management industry. The winners are chosen by an independent judging panel of financial institution professionals, therefore providing an accurate picture of true market sentiment.
In recent years SIX Financial Information has used its core expertise in reference data to develop data and services to help financial institutions respond to regulations. Thanks to a highly-structured data model, SIX data feeds integrate intelligent cross-referencing to data required for regulatory compliance. This has allowed the company to launch new services that help firms meet IRS 871(m), CRS/AEoI, global sanctions and investor protection rules.
The Sanctioned Securities Monitoring Service, which won Most Innovative Regulatory Solution, is a specialist single-source service for firms who need a daily list of securities and issuers affected by global sanctions. The service delivers easy-to-read information about controlling persons and why a security is sanctioned – enabling firms to make sure they don’t carry out trades with black-listed countries or individuals, while avoiding costly data processing and research.
Robert Jeanbart, Division CEO SIX Financial Information said: “To be independently recognised in three separate categories reinforces our commitment to investing in product development. As the global regulatory landscape evolves, innovation is key to ensuring that market participants adjust seamlessly to new rules. Against the backdrop of pressing compliance challenges, we will continue our innovative approach to help financial institutions reduce their bottom line costs and focus on differentiating business activities.”
SIX Financial Information is a leading global provider of data and value-added services for the wealth and asset management industry. Aggregated directly and in real-time from 1500 worldwide sources - covering all the major trading venues - SIX’s database includes reference and market data, corporate actions, regulatory data and pricing information for over 23 million instruments. With offices in 23 countries, SIX combines the advantages of local expertise with global reach to offer financial specialists comprehensive data services for Asset Servicing and Administration, Middle Office, Investment Advisory, Portfolio and Fund Management.
SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users (approximately 130 banks of various orientation and size). Its workforce of over 4,000 employees and presence in 25 countries throughout the world generated operating income of CHF 1.8 billion and a Group net profit of CHF 221.1 million in 2016.