SIX Financial Information, a subsidiary of

SIX Group SIX operates the infrastructure for the Swiss financial centre. The company provides services relating to securities transactions, the processing of financial information, payment transactions and is building a digital infrastructure. The company ...

, is a multinational

financial data vendor A financial data vendor provides market data to financial firms, traders, and investors. The data distributed is collected from sources such as stock exchange feeds, brokers and dealer desks or regulatory filings (e.g. an SEC filing). History F ...

headquartered in Zurich, Switzerland. The company provides

market data ''For market data as used in marketing, see marketing information system'' In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders an ...

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. The firm has offices in 23 countries.

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

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 action A corporate action is an event initiated by a public company that brings or could bring an actual change to the securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's board of directors ...

s. 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 Straight-through processing (STP) is a method used by financial companies to speed up financial transactions by processing without manual intervention (straight-through). It was developed for equities trading in the early 1990s in London for auto ...

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) The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax ...

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 Markets in Financial Instruments Directive 20142014/65/EU commonly known as MiFID 2 (Markets in financial instruments directive 2), is a legal act of the European Union. Together with Regulation (EU) No 600/2014 it provides a legal framework fo ...

, the Packaged Retail and Insurance-based Investment Products Regulation and UCITS III and IV and global

economic sanctions Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual. Economic sanctions are not necessarily imposed because of economic circumstances—they ma ...

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

. Specifically, SIX Financial Information is the official

national numbering agency A national numbering agency (NNA) is the organisation in each country responsible for issuing International Securities Identification Numbers (ISIN) as described by the ISO 6166 standard and the Classification of Financial Instruments code as descri ...

(NNA) in Switzerland, Liechtenstein and Belgium, and in this capacity is responsible for the issuing of

Valoren The VALOR number is a code which uniquely identifies listed securities and financial instruments in Switzerland, and serves a similar purpose to CUSIP or Wertpapierkennummer, WKN in the North American or German markets respectively. The VALOR numbe ...

and

ISIN Isin (, modern Arabic: Ishan al-Bahriyat) is an archaeological site in Al-Qādisiyyah Governorate, Iraq. Excavations have shown that it was an important city-state in the past. History of archaeological research Ishan al-Bahriyat was visited b ...

identifiers. The company is also a founding member of ANNA, as well as a co-operator of the ANNA Service Bureau. SIX Financial Information is a member of the

International Organization for Standardization The International Organization for Standardization (ISO ) is an international standard development organization composed of representatives from the national standards organizations of member countries. Membership requirements are given in Ar ...

(ISO), FISD, and

joint working groups, and is a

SWIFT Swift or SWIFT most commonly refers to: * SWIFT, an international organization facilitating transactions between banks ** SWIFT code * Swift (programming language) * Swift (bird), a family of birds It may also refer to: Organizations * SWIFT, ...

certified distributor of

ISO 15022 ISO 15022 is an ISO standard for securities messaging used in transactions between financial institutions. Participants in the financial industry need a common representation of the financial transactions they perform and this standard defines g ...

corporate actions messages.

References

{{DEFAULTSORT:Six Financial Information Financial services companies of Switzerland Financial data vendors Companies based in Zürich