SimCorp and SIX extend partnership to strengthen Open Platform drive

By Megha Bhattacharya

SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services, and SIX, the Swiss financial data provider and operator of the Swiss and Spanish Stock Exchanges, today announced an extension of their partnership, providing the former’s clients with global reference, pricing and regulatory data directly within SimCorp Dimension.

The extension deepens the collaboration between the companies which already includes the provision of corporate actions and sanctions data from SIX to SimCorp clients. 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 responsibilities.

Sam Sundera, Head Future Business, Financial Information at SIX said: “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.”

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.

Howie San, Product Managerat SimCorp added: “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.”