Best corporate actions data provider—SIX

Product overview—SIX Corporate Actions Data

Zurich-based SIX is a provider of financial data solutions, including market and reference data, corporate actions, sanctions, tax and regulatory data. The firm prioritizes innovation and providing the market with sophisticated interfaces, allowing clients to access data consistently and seamlessly. SIX’s data offerings are designed to help clients make informed investment, risk and operational decisions. The company’s focus on innovation, especially in areas including application programming interfaces (APIs), cloud delivery, artificial intelligence, fixed-income data and regulation, positions it as of the industry’s foremost data and financial information service providers.

Secret sauce

SIX has been providing data and financial information to the industry for the best part of 100 years. During this period, it has developed its databases, expanded its asset class coverage and created tools and value-added data to serve the needs of its global client base. SIX maintains a local flavor to its products and a partner approach toward its customers. This proximity and use-case-driven service life cycle is what SIX believes makes it unique in an intensely competitive marketplace.

Recent milestones

Over the past 12 months, SIX has expanded access to corporate actions through its SIX Bulk API, enabling initial loads and delta updates in JavaScript Object Notation (JSON) formats typically suited to large datasets. It has also enhanced its cloud delivery, life-cycle content and partner access, in addition to exploring AI-enabled interaction through tools such as SIX Bot. The service continues to support new instruments and market topics, including crypto-related corporate actions. SIX’s fixed-income coverage features integration of FactEntry’s content, helping it extend its corporate actions and reference data support to a broader range of securities and workflows.

Future objectives

• SIX will continue to strengthen its quality control measures, supported by workflow tools and automation. Coverage will be expanded through additional fixed-income content from FactEntry.
• Delivery enhancements include further SIX Bulk API features, SIX Bot via Microsoft Teams, VDFS Prime and ISO 20022 readiness. Innovation will also leverage AI and data mining to improve timeliness, content creation and client interaction.
• SIX’s product approach is increasingly use-case-oriented—it develops solutions that address specific industry needs/demands. The firm will continue solving new business cases for its clients, improving the way they access, integrate and act on the corporate actions data it provides them.

Why SIX won

SIX continues to rack up the wins in these and other WatersTechnology awards, courtesy of the depth and quality of the services it offers the corporate actions market. This year’s win comes on the back of a corporate actions service that combines impressive market experience with a clear focus on the practical needs of its financial services clients. Having supplied financial information to the industry for almost a century, SIX has built extensive databases, broad asset-class coverage and a range of tools designed to help firms manage increasingly complex corporate actions workflows, which—for large numbers of market participants—remain stubbornly manually intensive.

A key strength of SIX Corporate Actions Data is its emphasis on accessibility and integration. Over the past 12 months, the firm has expanded its SIX Bulk API, enabling clients to handle initial loads and delta updates in JSON, while further developments in its cloud delivery and life-cycle content have enhanced the way data can be consumed. The service also reflects the ever-changing industry and now includes support for crypto-related corporate actions and the integration of FactEntry content to extend its fixed-income coverage.

SIX’s approach is not simply about accumulating more data. Its use-case-driven model, local market knowledge and close client relationships underpin an offering designed around specific operational requirements. Add to this continued investment in automation, quality control, AI-enabled interaction and ISO 20022 readiness, and it is clear why SIX continues to stand out in an increasingly demanding corporate actions data market.