SIX Financial Information and swissQuant Group launch ImpaQt
Zurich - SIX Financial Information and swissQuant Group are pleased to announce a joint project to support the wealth management industry with enhanced risk compliance.
The increasing regulatory requirements – such as the upcoming Federal Financial Services Act (FIDLEG) in Switzerland and recent changes to FINMA circulars – demand objective advice and thorough reporting of risks as part of the daily client financial advisory business. To that effect, SIX Financial Information is partnering with swissQuant Group to produce a new breed of risk analytics.
The new offering called ImpaQt is a sophisticated portfolio risk management system that feeds high quality data from SIX Financial Information’s reference data universe and market data history into swissQuant’s proprietary, high-speed calculation engine to provide on demand quantitative risk analyses of client portfolios as well as portfolio based pre-trade suitability simulations.
ImpaQt features on-demand risk analytics for single instruments as well as analytics on a portfolio level. Built upon proven methodology by the experts of swissQuant Group, the system empowers client advisors to interactively visualize market and credit risk on the bank’s intranet, while keeping all client related data in-house – allowing the highest level of client discretion and confidentiality. The integration into existing IT infrastructures with common core banking solutions or portfolio management systems is seamless and empowers client advisors to execute analytically sound risk management for their clients’ portfolios.
The newly developed ImpaQt system addresses the demand for in-depth, objective analysis of instrument and portfolio risk, while meeting regulatory standards for client protection, pre-trade suitability and risk education. ImpaQt ensures compliance with national and international laws and regulations (MiFID I and upcoming MiFID II, FIDLEG). The service will be available as of October 2013.
About SIX Financial Information
SIX Financial Information is a leading global provider of data services and solutions for financial and insurance firms, corporations and the media. Aggregated in real-time from over 1,500 worldwide sources, SIX’s financial information is comprised of corporate actions, pricing, reference and market data for 16 million instruments and
is unique in terms of information depth, breadth and structure. With offices in 23 countries, SIX combines the advantages of local expertise with global reach to offer financial specialists comprehensive data services for securities administration, risk management and compliance, investment advisory, and portfolio management.
Financial Information is one of four business areas of SIX which offers global premium services in securities trading, clearing and settlement, payment transactions, and financial information.
We supply customized solutions ranging from the data interface right through to client-specific systems.
Portfolio Risk Management
ImpaQt empowers advisors to comply with regulations, increase transparency, gain credibility through comprehensive and sophisticated risk analysis and give advice in respect to the client profile.
Regulation & Risk
SIX manages a range of data that is currently required to meet taxation and other international regulations, including various savings and withholding tax agreements.
SIX Financial Information supports financial institutions to become stronger and more systematic in their management of risk and compliancy requirements.