SIX Financial Information to deliver reference data to GBST’s Financial Transaction Tax platform

London, Zurich – SIX Financial Information has teamed up with GBST, the leading global provider of securities transaction and fund administration software for the financial services industry. SIX has successfully interfaced with GBST to further enhance GBST´s solution for the European Financial Transaction Tax.

The partnership follows the introduction of transaction taxes in France and Italy, and the pending launch of similar taxes across Europe within the coming months. Syn~FTT from GBST is the only independent Financial Transaction Tax solution available on the market that is built upon proven post-trade functionality and provides future-proofing to adapt to the introduction of additional taxes.

Syn~FTT now interfaces with SIX Financial Information’s flagship product Valordata Feed (VDF), in order to calculate the tax payable on affected securities. From 1 July 2013, SIX Financial Information’s instrument data will identify tens of thousands additional futures, options, structured products and other derivative contracts that come into scope for the Italian transaction tax on derivatives.

Martin Cole, Managing Director of SIX Financial Information UK explains, “At its heart, Syn~FTT is a rules-based system that is ideally suited to meeting each country's specific FTT rules. This means that a single Syn~FTT instance can meet all of a firm’s FTT needs, providing true scalability. We’re delighted that our data is being used as part of such cutting edge technology serving the financial sector.”

VDF is based on SIX Financial Information’s unique proprietary data model, which seamlessly links all data elements associated with a security – from terms and conditions to prices, from institutions to markets, through to corporate actions and events. In addition to intraday and closing prices, for illiquid or otherwise hard-to-price securities, SIX Financial Information provides model based valuations for over 110,000 investment grade bonds, including zero coupon bonds, floating rate notes, and step coupon bonds.

A propos de SIX Financial Information

SIX Financial Information occupe une place prédominante, au niveau mondial, dans la fourniture de services de données et de solutions à destination des organismes financiers et d'assurance, des entreprises et des médias. Intégrée en temps réel à partir de plus de 1 500 sources de par le monde, l'information financière de SIX est composée de données de référence, de données de marché, d'Opérations Sur Titres et de prix sur plus de 16 millions d'instruments et est unique en termes de profondeur, de couverture et de structure. Avec des bureaux implantés dans 23 pays, SIX combine les avantages d’une présence locale à une dimension internationale, offrant ainsi des services de données pertinents aux professionnels de la gestion de référentiels titres, de la gestion des risques et de la conformité, du conseil en investissements, et de la gestion de portefeuilles. 

Financial Information est l'un des quatre domaines d'activité de SIX qui offre au niveau international des services de qualité dans les domaines du négoce et du règlement de titres, des transactions de paiement et de l'information financière.

Contact

SIX Financial Information
Marketing Communications
Jeanette Babik
T +41 58 399 5154
marketing@six-financial-information.com

SIX
Media Relations
Jürg Schneider
T +41 58 399 2129
pressoffice@six-group.com