SIX Financial Information

Last updated
SIX Financial Information
Industry Financial services
Founded1930 (1930) (as Ticker AG)
Headquarters Zurich, Switzerland
Key people
Marion Leslie
(Head Financial Information)
Joe Dijsselhof
(CEO SIX Group)
Dr. Thomas Wellauer
(Chairman SIX Group) [1]
Services Financial data
RevenueCHF 402 600 000 (2016) [2]
Owner SIX Group
Number of employees
1,166
Website www.six-financial-information.com

SIX Financial Information, a subsidiary of SIX Group, is a multinational financial data vendor headquartered in Zurich, Switzerland. [3] The company provides market data which it gathers from the world's major trading venues directly and in real-time. Its database has structured and encoded securities administration data for more than 20 million financial instruments. [4] The firm has offices in 23 countries.

Contents

History

In 1930, Ticker AG was founded in Zurich, Switzerland by a group of Swiss banks. In 1961 it launched the first stock market television service in Switzerland, and was renamed Telekurs Financial. In 1975, Telekurs launched Investdata, the first financial information display in Switzerland.

Telekurs began to expand outside of Switzerland in 1990. In 1996, the firm was restructured into a holding company, and launched an expansion of its product range. In 2007, Telekurs acquired part of the Fininfo Group. In 2008, The Telekurs Group merged with SWX Group, SIS Swiss Financial Services Group and SEGA Intersettle to form SIX Group. Telekurs Financial was renamed to SIX Telekurs and became the Financial Information division of SIX Group. [5]

On 23 April 2012, the "Telekurs" name was discontinued and the company is now known as SIX Financial Information. [6]

Products and services

The SIX Financial Information products flow from the same single logical database, and are divided into the following categories:

Reference data and pricing

SIX Financial Information's main product, the Valordata Feed (VDF), is a source for reference and descriptive data plus corporate actions. Based on a unique data model, VDF holds information on approximately 20 million financial instruments, drawing on over 1500 trading venues and contributors. For calculated and evaluated prices, SIX Financial Information offers a number of specific products within this category.

Market data

SIX Financial Information's market data products are real-time or delayed. The master database allows customers to link nearly 1,500 individual data elements across millions of active financial instruments, for a clear view of investment positions. Services range from valuation pricing and real-time market data feeds to streamlined back-office products and all are used for improved straight-through processing.

Regulatory compliance

For regulatory compliance, SIX Financial Information provides information that helps analyze exposures and aggregate positions for reporting. SIX Financial Information has incorporated flags, markers and classifications into VDF that facilitate compliance with taxation regulations such as the EU savings tax, Swiss transaction taxes, IRS Section 871(m) and US IRS Withholding, plus fee calculation regulations such as the SEC rule 22c-2, pan-European rules such as the Markets in Financial Instruments Directive, the Packaged Retail and Insurance-based Investment Products Regulation and UCITS III and IV and global economic sanctions.

Display products

The SIX Financial Information display products provide access to the company's full range of data. These products offer access to quotes, lists, charts, news, corporate fundamental data. SIX Financial Information also bundles its display products with fee-liable data such as news, company fundamentals and ratings.

Company compliance and standards

SIX Financial Information actively participates with global standards organizations to define and adopt relevant standards that promote straight-through processing.

Specifically, SIX Financial Information is the official national numbering agency (NNA) in Switzerland, Liechtenstein and Belgium, and in this capacity is responsible for the issuing of Valoren and ISIN identifiers. The company is also a founding member of ANNA, as well as a co-operator of the ANNA Service Bureau. [7]

SIX Financial Information is a member of the International Organization for Standardization (ISO), FISD, and Markets in Financial Instruments Directive joint working groups, and is a SWIFT certified distributor of ISO 15022 corporate actions messages.

Related Research Articles

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ISO 10962, known as Classification of Financial Instruments (CFI), is a six-letter-code used in the financial services industry to classify and describe the structure and function of a financial instrument as part of the instrument reference data. It is an international standard approved by the International Organization for Standardization (ISO). CFI have been required since 1 July 2017.

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<span class="mw-page-title-main">Market data</span> Electronic financial trading price and related data

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<span class="mw-page-title-main">Markets in Financial Instruments Directive 2014</span> European Union law

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<span class="mw-page-title-main">GoldenSource</span>

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SARON stands for Swiss Average Rate Overnight and is a measurement of the overnight interest rate of the secured funding market denominated in Swiss Franc (CHF). It is based on transactions and quotes posted in the Swiss repo market, and is administered by SIX.

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<span class="mw-page-title-main">European company law</span>

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References

  1. "Archived copy" (PDF). Archived from the original (PDF) on 2017-09-11. Retrieved 2017-09-11.{{cite web}}: CS1 maint: archived copy as title (link)
  2. "Six Group, Financial Statements" (PDF). 2016.
  3. "Canton of Zurich Business Register".
  4. "SIX Telekurs Data Coverage".
  5. "Unanimous approval of merger of SWX Group, SIS Group and Telekurs Group" (PDF). Joint press release. September 12, 2007. Archived from the original (PDF) on 2015-09-24.
  6. "SIX Telekurs becomes SIX FinanciaI Information" (PDF). six-financial-information.com. April 23, 2012. Archived from the original (PDF) on 2014-07-15.
  7. "ANNA Service Bureau".