SIX Financial Information provides real-time fixed income data for new global bond analytics tool
Zurich, London – SIX Financial Information has been chosen by Hessegim Software, a leading Israeli financial technology company, as the preferred vendor for global fixed income and reference data. The data is fed via the SIX apiD real-time pricing feed into Hessegim‘s new analytical tool Prafis. Prafis utilises both the SIX apiD and its flagship product Valor Data Feed (VDF) to provide essential bond information for investors.
SIX Financial Information’s highly modular apiD interface is used to build versatile, real-time financial information solutions to access the vast market and reference database covering 12 million instruments. Backed by Valordata Feed (VDF), a fully structured and encoded financial data feed, SIX is offering near-real time reference data to clients.
Arik Sorotzkin, CEO at Hessegim, explains why the company decided to partner with SIX: “We selected SIX Financial Information as our preferred data partner because their apiD solution allows us to easily integrate the data into Prafis. Moreover, their extensive coverage of the global bond market was exactly what we were looking for. Our decision was confirmed by the success of the project and the excellent support provided by the SIX team.”
Hessegim´s Prafis system focuses on US corporate and government issues with access to other international bond markets already planned. Prafis uses proprietary algorithms and optimization codes, combining third party references and real-time market data, which offers the ability to scale up and extend functionality to create a superior level of analysis.
“With apiD our aim is to make it easy for market innovations such as Prafis to connect to our extensive database. We are thrilled to support the launch of Prafis, a system that makes navigating the corporate bond space simple and intuitive,” says Martin Cole, Managing Director of SIX Financial Information UK.
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.