Best Corporate Actions Data Provider: SIX

Although there are always a few surprises in the Inside Market Data & Inside Reference Data Awards, the winner of this year’s Best Corporate Actions Data Provider category isn’t one of them. Switzerland-based SIX has won this award for 10 consecutive years—more than any other vendor in this category.

“Corporate actions is a top priority for SIX, and we focus on the quality, accuracy and timeliness of the data and what clients need to adapt to changing market conditions,” says Annelotte De Nanassy, senior product manager at SIX. “The corporate actions business provides the foundation for a range of services and solutions offered by SIX.”

SIX delivers integrated corporate actions data, drawn from over 1,500 sources globally, via the Valordata Feed, keeping customers informed on the latest splits, mergers, dividend payments and other critical corporate actions. Clients are able to choose the delivery channel, format—such as ISO 15022 (MT564)—and notification mode that suits them to reduce operational and manual errors. 

Where previously customers had to combine data from SIX, fund manufacturers and different specialist companies—all arriving in varying and difficult-to-integrate formats—SIX now works with more than 50 partners to deliver aggregated corporate actions data for a variety of technology platforms. 

One of the company’s big developments over the past 18 months has been the launch of SIX Flex—a new self-service data delivery system. SIX Flex offers customers a plug-and-play service with little to no technical integration work required. It has been designed to meet the needs of specific everyday business activities and contains a series of packages for clients to choose from. Each package comes preloaded with the data fields necessary for processing. Clients can determine how often they want the data, the templates they wish to receive and the way they would like to receive it. Data integration costs are also reduced through comma-separated value flat file delivery, says Laura Fuller, senior content manager at SIX.

Currently, clients can choose from corporate actions events, cross-reference data, core reference data for the security master, end-of-day valuation prices and revised Markets in Financial Instruments Directive regulation packages. Over the coming year, SIX will focus on expanding the content packages. 

Fuller says: “What makes SIX corporate actions unique is our continued focus on the quality of the data and on ensuring that our sources are optimal. We enhance data content, based on client feedback, to add value for our clients and ensure they receive the best service possible.” 

Read more about the Inside Market Data & Inside Reference Data Awards 2019 winners