DWPBank Extends SIX Data Deal

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DWPBank is based in Frankfurt (pictured)

Frankfurt-based Deutsche WertpapierService Bank (DWPBank) has signed a five-year extension to an existing deal for SIX Financial Information to supply the bank with market data and evaluated prices.

DWPBank uses market prices in its WP2 securities settlement system, and also uses SIX's price data to support price control and market conformity checks as part of its WPAC (WPAssetControlling) custodian banking service, which comprises fund book, coordination and investment compliance services.

The end of the five-year contract extension will mark a 30-year relationship between SIX and the bank, which has used the vendor's service since the inception of its predecessor banks in 1988.

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