SIX Delivers Core Datasets In A Cloud-Based Platform
SIX, the Swiss financial data expert, announces today its partnership with Crux Informatics to provide a state-of-the-art managed market data solution which removes unnecessary implementation and management pressure for buy-side companies.
SIX partners with @cruxinformatics to deliver core datasets in a cloud-based platform. The managed #marketdata solution will remove unnecessary implementation and management pressure for buy-side companies.
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— SIX (@sixgroup) April 1, 2020
Crux is integrating a flagship product from SIX, Valordata Feed (VDF), which covers 29.7 million instruments for pricing, corporate actions reference data as well as compliance and regulatory data. The partnership will allow buy-side firms to focus on higher value tasks such as interpreting and analyzing data without being limited by consistent management and developmental responsibilities.
Firms have long battled disproportionate data availability. They often offload tasks that provide limited conversion value and devote more time to extracting meaningful data for agile investment decisions instead. This partnership enables buy-side firms to focus on raising alpha without the added pressure of complicated technical integration.
Customers will benefit from a streamlined data delivery service combining Crux’s innovative cloud-based platform with existing platforms from SIX and delivering cleaner, manageable data integrations.
Commenting on the partnership, John McManus, Head Sales US, Financial Information, SIX, said: “We are extremely excited to be embarking on this innovative partnership with Crux, a new breed of technology vendor. This partnership will enable us to access wider markets, removing the complicated extraction, transformation and load process detail to provide buy-side firms access to the highest quality of data available free of integration and management headaches.”
Philip Brittan, CEO of Crux Informatics added, “Buy-side professionals are hungry for historical, well-built datasets they can use to gain a competitive edge. SIX has deep domain expertise in data aggregation and normalization, such as tax base data, regulatory based and reference data. This partnership is a natural next step through which we will provide SIX with access to a well-known vendor name in the buy-side, facilitating a seamless link for their clients to security masters and corporate actions data.”
Customers can now access an expanding library of datasets via cloud APIs.
FINRA’s Office of Financial Innovation reviewed nearly 40 broker-dealer firms.
DZ BANK, BayernLB and Deutsche Börse implemented the digital OTC derivative using DLT and cloud technology.
Firms are increasingly moving to more agile technology, microservices, and data models.
Workloads supporting retail, commercial and investment banking, and wealth management will move.