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 proposito di SIX Financial Information

SIX Financial Information è leader globale nella fornitura di dati e soluzioni per
il settore finanziario e assicurativo, per le grandi società e i media. Acquisite direttamente e in tempo reale da oltre 1500 fonti in tutto il mondo, le informazioni finanziarie di SIX comprendono corporate actions, prezzi, dati anagrafici e di mercato per 16 milioni di strumenti finanziari, e sono uniche per struttura, copertura e livello di dettaglio. Con i suoi uffici in 23 paesi, SIX Financial Information coniuga i vantaggi di una presenza locale a una copertura su scala globale, per fornire agli specialisti in materia di consulenza negli investimenti, analisi finanziaria, gestione del portafoglio e dei titoli un’offerta di dati completa.

Financial Information è uno dei quattro settori di attività di SIX, che a livello mondiale offre servizi di prim’ordine nell’ambito della negoziazione dei titoli, dell’esecuzione di operazioni su titoli, delle operazioni di pagamento e delle informazioni finanziarie.

Contatti

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