SIX and Avaloq Collaborate to Launch Independent Valuation Service for Financial Instruments

SIX and Avaloq Collaborate to Launch Independent Valuation Service for Financial Instruments

(IN BRIEF) SIX and Avaloq have jointly launched the Independent Valuation Service for financial instruments, addressing the global need for impartial end-of-day valuations. This service, accessible via the CONNEXOR API, supports asset managers, custodians, and financial institutions in client reporting, risk management, and compliance. It integrates diverse pricing engines and real-time data analysis to provide transparent and reliable valuations globally, enhancing decision-making capabilities across complex investment processes.

(PRESS RELEASE) ZÜRICH, 2-Jul-2024 — /EuropaWire/ — SIX, in partnership with Avaloq, has unveiled the Independent Valuation Service aimed at meeting the global financial markets’ demand for impartial end-of-day valuations. This strategic initiative simplifies client reporting, enhances risk management, and facilitates continuous benchmarking for asset managers, custodians, and financial institutions.

Financial instrument valuations play a critical role in guiding investment decisions, compliance, and reporting processes amidst complex regulatory landscapes. Leveraging trusted data sources, SIX’s Independent Valuation Service offers stability and transparency, particularly crucial for securitized derivatives.

The service, accessible via the established CONNEXOR API, provides a customizable solution for obtaining end-of-day valuations of non-listed structured products. Users can subscribe or unsubscribe to instruments based on ISIN requests, tailored to their operational needs.

Integration across global financial markets is facilitated through the API, which consolidates valuations and risk metrics using diverse pricing engines and real-time data analysis. Automated coverage checks ensure comprehensive data availability and cost transparency globally.

Francesco Marcon Fiastri, Head of Sales for Structured Products & CONNEXOR at SIX Swiss Exchange, commented, “SIX is proud to collaborate with industry leader Avaloq in enhancing the Independent Valuation Service within our CONNEXOR API framework. This launch signifies a significant advancement in our data solutions for financial products.”

Andreas Diener, Head of Business Strategy and Offering Wealth Products at Avaloq, added, “At Avaloq, we are committed to driving innovation in the financial industry through strategic partnerships. Our collaboration with SIX underscores our dedication to delivering cutting-edge solutions that streamline investment processes and empower decision-making.”

For more information about the Independent Valuation Service, please visit CONNEXOR

About SIX
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
www.six-group.com

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Julian Chan
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SOURCE: SIX