SIX Launches Tailored Global Equity Indices to Simplify Financial Insights and Operations

SIX Launches Tailored Global Equity Indices to Simplify Financial Insights and Operations

(IN BRIEF) SIX, a leading global financial information provider, has unveiled a new series of global equity indices designed specifically for retail, private banking, and asset management sectors. These indices aim to simplify access to comprehensive equity investment views and reduce administrative complexities for financial institutions. Leveraging advanced API technology, SIX offers real-time pricing and detailed performance data, consolidating essential index and instrument information into a unified Web API delivery channel. The indices cater to diverse client needs with options in multiple currencies and return versions, supporting various applications in portfolio and risk management.

(PRESS RELEASE) ZÜRICH, 18-Jun-2024 — /EuropaWire/ — SIX, the global financial information provider, has introduced a new suite of global equity indices tailored specifically for the retail, private banking, and asset management sectors. This strategic launch represents SIX’s latest effort to bolster its standing as a premier index and data provider worldwide.

Responding to increasing demand from financial institutions seeking clearer insights into client investments and performance across various markets, SIX’s new indices aim to simplify access and reduce administrative burdens. By consolidating multiple sources into a unified platform, SIX enables financial institutions to offer customers seamless digital access to comprehensive equity investment views.

Utilizing advanced API technology, SIX enhances the offering by providing real-time pricing data and detailed performance metrics for individual equities. This eliminates the need for financial institutions to engage with multiple data providers, streamlining their operational efficiency.

The SIX Global Equity Indices encompass two main categories: the SIX World Indices and the SIX Broad & Blue-Chip Indices. The SIX World Indices cover diverse geographic regions with variable components, reviewed semiannually and weighted by free-float market capitalization in multiple currencies. Meanwhile, the SIX Broad & Blue-Chip Indices focus on specific economic or geographic clusters, featuring fixed component counts and various rebalancing frequencies.

Already renowned for indices like SMI/SPI/SBI/SARON (Swiss), IBEX35 (Spanish), Nordic, and ESG indices, SIX consolidates all critical index and instrument data into a single Web API delivery channel. This consolidated solution includes equity prices, index values, constituent details, reference data, corporate actions, and regulatory information.

Available in USD, EUR, CHF, and local currencies, with options for price, net, and gross return versions, SIX’s indices also serve as the foundation for customized index solutions tailored to specific client needs. These solutions support diverse applications in display, derived data, reporting, portfolio management, risk analysis, and asset management.

The launch underscores SIX’s commitment to enhancing client experience and operational efficiency in the global financial markets through innovative index solutions.

Dr. Christian Bahr, Head Index Services, Financial Information, SIX, highlighted: “Establishing a strong presence across the banking sector is paramount for recognition as a key player in global indices and global market data. With the relentless growth of passive investing, this has become increasingly important in recent years. Many financial institutions are in the process of renewing their online banking products, including their own websites and apps. SIX supports them with a more sophisticated overview of market performance for their investment-savvy customers, and our combined proposition around API delivery will make accessing this data faster, simpler, and more cost-effective for financial institutions. We eagerly anticipate creating further innovations in this exciting space.”

Further information: The SIX Global Equity Indices.

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

Media Contact:

Julian Chan
Deputy Head Media Relations
+41 58 399 2508

SOURCE: SIX