Waters Rankings 2019: Best Corporate Actions Solution Provider: SIX

Insights pertaining to corporate actions have become a crucial component in making value-driven decisions and mitigating risk. In response, SIX has consistently built out its corporate actions services, particularly through the development of its Valordata Feed (VDF) and, more recently, with the rollout of SIX Flex, a self-service data-delivery system that was launched in early 2018.

Thanks to these efforts, it has claimed back the corporate actions title at this year’s Waters Rankings, taking the prize from last year’s winner, SmartStream. SIX was the champion in 2016.

Within the SIX Flex suite, the firm offers an easily accessible and customizable corporate actions package. Users have the ability to individually select the content sets or fields they would like to retrieve, schedule the frequency of data received, and receive reports in a variety of ways. Additionally, SIX Flex enables clients to easily integrate the corporate actions data into their systems or simply download a CSV file, which can be opened in a Microsoft Excel spreadsheet.

“There is a very user-orientated graphical interface that helps those within banks to program the retrieval of the different types of content sets in a very rapid way,” says Frédéric Messein, executive director and head of product propositions for the vendor. “You download those files and you interface them with different applications within the bank, [such as] a security master or other dedicated applications that require that content.”

SIX retrieves data from over 1,500 data sources. SIX has a pipeline of releases planned for the next few months, including building out the Flex suite by adding new data packages, such as a corporate actions tax offering and expanding its content on global regulations.