SIX Financial Information has integrated its real-time data feed, MDFselect, with Bloomberg's managed market data distribution service, called Bloomberg Platform. When used for added resiliency, MDFselect ensures continuity and reliability of market data for dependent trading and risk management applications.
SIX Payment Services and MasterCard will jointly provide the wallet payment platform MasterPass for card issuing banks.
SIX has increased its stake in the Luxembourg financial services provider CETREL S.A. from 50% to 100% as of 31 March 2014, thus further strengthening its position as a leading provider of financial services in Europe.
Operating income up 8.9% in the 2013 financial year to CHF 1,582.7 SIX million. All business areas contributed to this growth, particularly international transactions in the Payment Services business area.
SIX Financial Information has been chosen by Hessegim Software, a leading Israeli financial technology company, as the preferred vendor for global fixed income and reference data.
Since the collapse of the auction rate securities market in the US in 2008, holders of these now illiquid instruments have struggled to find reliable secondary market quotes and price clarity.
SIX shortens the time period between the execution of a trade and its settlement. The present settlement cycle in Switzerland is three business days (T+3).
With Fatca withholding expected to become effective on 1 July 2014, financial intermediaries worldwide are running out of time to prepare their systems and processes for compliance.
SIX Payments Services has apologised to Swiss and Liechtenstein customers for a snafu last week which resulted in debit card transactions being booked twice.
SIX Financial Information selects Avox to source pre-legal entity identifiers (LEI) in support of clients' compliance, risk and operational requirements.
© Finextra Research 2014