SIX sweeps the board with successes at multiple industry awards
Financial information business bags top spots in FTF, Sell-side Tech and Inside Market & Reference Data awards, including being named Best Corporate Actions Provider for the ninth consecutive year.
SIX’s financial information arm has won six industry awards in the last month, with successes at the FTF, Sell-Side Technology and Inside Market & Reference Data awards.
At the FTF News Technology Innovation awards in New York, SIX was crowned overall service provider of the year, and was then named Best Data Provider for the sell-side and Best Sell-Side Technology Provider of the Year at the Waters Sell-Side Tech awards.
These overarching accolades were complemented by wins at the Inside Market and Reference Data awards for Best Corporate Actions Provider, for the ninth consecutive year, Best Reference Data Newcomer for the launch of the Regulatory Hub and Best Reference Data Initiative for its work to support clients with tax rule, IRS 871(m).
This news follows a year characterised by innovation at SIX. The organisation has made major strides in community building through the development and launch of its regulatory hub, connecting different parts of the industry in new ways. It has also invested significantly in cross-referencing of data, which helps clients get a clear linkage between instruments and issuers across borders, reducing errors and facilitating consolidation for exposure, limit monitoring and supporting regulatory reporting. Its innovative approach has also been seen in its extension of its Premium Fund Data service, and its updated solutions to support global withholding taxes and sanctions compliance.
Robert Jeanbart, Head Financial Information at SIX said: “Regulatory deadlines have presented major challenges to our clients over the last year and we have invested heavily in building services and infrastructure to lessen that burden. In particular, our regulatory hub, which enables data and documents to be exchanged between wealth managers, assets managers and banks, as required under MiFID II and PRIIPs, has proved a huge success. Since the regulations came into force at the start of the year, we have added around 1 million PRIIP-KIDS to the platform each week. It’s innovation like this, backed by our strength in core areas such as corporate actions and security master, that enables us to help clients stay ahead of the changing market landscape.”