SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, and SIX, the Swiss financial data expert and operator of the Swiss and Spanish Stock Exchanges, are extending their partnership to provide SimCorp clients with global reference, pricing and regulatory data directly within SimCorp Dimension.
The move responds to the strong buy-side desire for greater flexibility and choice in investment operations. It comes as market data proliferation, including sanctions and alternative data sets, continues to ramp up amid the current geo-political climate.
The integration is a key element in SimCorp’s continued Open Platform drive – the creation of an open and value-driven ecosystem to support the Buy Side with greater optionality in their investment operations. Having already built a strong industry network of fintechs, cloud providers, global asset servicers and custodians through its open architecture approach, SimCorp is now turning its focus to data vendors. Responding to clients’ evolving needs, SimCorp will expand its network of data providers, enabling direct integration of market and reference data, via a published specification.
As an established SimCorp partner, SIX is the first to integrate its native feed for reference, pricing and regulatory data directly into SimCorp’s flagship investment management platform. The integration will benefit institutional investors with greater choice and interoperability within inbound data. It will also reduce manual workarounds and maintenance costs for clients, by offering faster and seamless access to their chosen data feed.
The extension deepens the collaboration between SimCorp and SIX, which already includes the provision of corporate actions and sanctions data from SIX to SimCorp clients. The partnership will continue to build on its shared roadmap for regulatory coverage to help clients navigate the increasingly complex regulatory landscape. Looking ahead to February 2022, with the go-live of CSDR, SimCorp clients will be able to integrate SIX CSDR data as part of their regulatory response.
Commenting on the partnership, Sam Sundera, Head Future Business, Financial Information at SIX, says: “We welcome the extension of our partnership with SimCorp, which enables us to provide more data and ultimately more choice to clients with regards to reference, pricing and regulatory data. This partnership not only provides the market with a range of enhanced data sources made directly available in SimCorp Dimension, but also makes the process more convenient and efficient for clients.”
Howie San, Product Manager at SimCorp, adds: “We are very pleased to further extend our partnership with SIX, as a core data provider. Opening up our platform to data vendors, alongside our other industry partners, demonstrates our intention to simplify access to market data, while driving successful business outcomes and sustainable growth for our clients. Ultimately this integration provides more choice and agility, all through SimCorp Dimension, to ensure front-to-back data consistency. As we continue to expand our open ecosystem, data vendors such as SIX, will form an integral part of our offering, enabling clients greater freedom in their investment operations.”