FactEntry Acquisition Propels SIX as Premier Provider of Fixed Income Solutions

FactEntry Acquisition Propels SIX as Premier Provider of Fixed Income Solutions

(IN BRIEF) SIX, a leading provider of financial data and analytics, has acquired a majority stake in FactEntry, a global fixed income data and solutions provider. The acquisition, finalized on March 27, 2024, enhances SIX’s data offerings, particularly in fixed income reference data and analytics. This strategic move strengthens SIX’s position as a global leader in financial data and analytics, enabling it to provide a more comprehensive and unified data solution to its clients across asset classes. The acquisition underscores SIX’s commitment to innovation and customer-centricity in driving its growth trajectory.

(PRESS RELEASE) ZÜRICH, 28-Mar-2024 — /EuropaWire/ — SIX Group, the operator of the infrastructure for the Swiss financial centre, has announced the acquisition of a majority stake in FactEntry, a renowned global provider of fixed income reference data and analytics. This strategic move, finalized on March 27, 2024, underscores SIX’s commitment to expanding its global footprint in the fixed income market.

The acquisition bolsters SIX’s comprehensive data offerings by integrating FactEntry’s extensive fixed income data sets, encompassing reference data and corporate actions. This augmentation further solidifies SIX’s stature as a premier global provider of financial data and analytics, offering clients a unified and robust data solution across asset classes.

Marion Leslie, Head of Financial Information and member of SIX’s Executive Board, expressed enthusiasm about the acquisition, stating, “The acquisition of FactEntry is a significant step forward in our strategic growth plans. FactEntry’s expertise and data offerings will greatly enhance our fixed income data capabilities and enable us to provide even greater value to our customers.”

Moreover, the acquisition brings onboard FactEntry’s proficiency in data collection and processing, expediting SIX’s time to market for new products and services. This synergy not only reinforces SIX’s commitment to delivering regulation-ready content but also fortifies its offerings in areas such as ESG, funds, and index content, thereby extending its influence across the financial industry.

Leslie further emphasized, “By leveraging FactEntry’s expertise alongside our own, we are poised to establish a compelling global cross-asset data provider, catering to the needs of front, middle, and back-office operations.”

With this strategic acquisition, SIX reaffirms its dedication to empowering financial market participants with comprehensive fixed income data and solutions. The company’s unwavering focus on innovation and customer-centricity will continue to propel its growth trajectory in the foreseeable future.

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SOURCE: SIX