- May 25, 2022
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SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, and SIX, the Swiss financial data expert and operator of the Swiss and Spanish Stock Exchanges, announced June 30th an extension of their partnership, providing SimCorp clients with global reference, pricing and regulatory data directly within SimCorp Dimension.
The move responds to the strong buy-side desire for greater
flexibility and choice in investment operations. It comes as market data
proliferation, including sanctions and alternative data sets, continues to ramp
up amid the current geo-political climate.
The integration is a key element in SimCorp’s continued Open
Platform drive - the creation of an open and value-driven ecosystem to support
the Buy Side with greater optionality in their investment operations. Having
already built a strong industry network of fintechs, cloud providers, global
asset servicers and custodians through its open architecture approach, SimCorp
is now turning its focus to data vendors. Responding to clients’ evolving
needs, SimCorp will expand its network of data providers, enabling direct
integration of market and reference data, via a published specification.
As an established SimCorp partner, SIX is the first to
integrate its native feed for reference, pricing and regulatory data directly
into SimCorp’s flagship investment management platform. The integration will
benefit institutional investors with greater choice and interoperability within
inbound data. It will also reduce manual workarounds and maintenance costs for
clients, by offering faster and seamless access to their chosen data feed.
The extension deepens the collaboration between SimCorp and SIX which already includes the provision of
corporate actions and sanctions data from SIX to SimCorp clients. The
partnership will continue to build on its shared roadmap for regulatory
coverage to help clients navigate the increasingly complex regulatory
landscape. Looking ahead to February 2022, with the go-live of CSDR, SimCorp
clients will be able to integrate SIX CSDR data as part of their regulatory
response.
Commenting on the partnership, Sam Sundera, Head Future
Business, Financial Information at SIX said: “We welcome the extension of
our partnership with SimCorp, which enables us to provide more data and
ultimately more choice to clients with regards to reference, pricing and
regulatory data. This partnership not only provides the market with a range of
enhanced data sources made directly available in SimCorp Dimension, but also
makes the process more convenient and efficient for clients.”
Howie San, Product Managerat SimCorp added: “We are
very pleased to further extend our partnership with SIX, as a core data
provider. Opening up our platform to data vendors, alongside our other industry
partners, demonstrates our intention to simplify access to market data, while
driving successful business outcomes and sustainable growth for our clients.
Ultimately this integration provides
more choice and agility, all through SimCorp Dimension, to ensure front-to-back
data consistency. As we continue to expand our open ecosystem, data vendors
such as SIX, will form an integral part of our offering, enabling clients
greater freedom in their investment operations.”
Press release by SimCorp