Asset Control, provider of financial data management solutions and services, today announced that SIX Financial Information, formerly known as SIX Telekurs, has completed phase one of implementation of AC Plus.
SIX Financial Information will be using Asset Control's solution as its core reference data processing platform.
The move will support SIX Financial Information's high performance processing of reference data and position it to effectively manage the ever-increasing volumes and complexity of information in the financial markets, while delivering innovative solutions to its customers.
SIX Financial Information explored a number of options to deliver technical and functional enhancements to its reference data processing and chose Asset Control's AC Plus for its robust and scalable architecture as well as its ability to service and maintain all relevant data sets at a high level of throughput.
Thomas Gross, CEO SIX Financial Information, said: "We are sourcing and supplying an unprecedented amount of data to the financial markets and it's clear that the increased requirements for data we have witnessed in the past few years will only continue. By implementing a specialist solution, such as Asset Control's, we are benefiting from specific and proven technology and expertise, and a collaborative partnership. This, alongside the platform's processing capacity and scalability, effectively future proofs us against the further growth in data volumes and breadth we are bound to witness."
Phil Lynch, President and CEO, Asset Control, said: "Financial services firms, no matter what their role, need to have the most comprehensive infrastructure in place to support the management of financial information. Our work and relationship with SIX Financial Information marks a significant step in the industry and demonstrates innovative thinking in light of the challenges presented by today's financial market. It's a pleasure to work with such a forward thinking company. The benefits of our mutual experience and innovative technology should prove invaluable to each of us, and to our customers."
AC Plus is an enterprise class data management platform that supports both reference and pricing data. AC Plus is a scalable, fault-tolerant platform, ensuring that clients can rapidly create and maintain the accurate, actionable and accessible data needed in today's complex financial services industry.