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Israel's Hessegim Software selects SIX for fixed income and reference data

12 March 2014  |  1053 views  |  0 Source: SIX Financial Information

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.

The data is fed via the SIX apiD real-time pricing feed into Hessegim's new analytical tool Prafis.

Prafis utilises both the SIX apiD and its flagship product Valor Data Feed (VDF) to provide essential bond information for investors.

SIX Financial Information's highly modular apiD interface is used to build versatile, real-time financial information solutions to access the vast market and reference database covering 12 million instruments. Backed by VDF, a fully structured and encoded financial data feed, SIX is offering near-real time reference data to clients.

Arik Sorotzkin, CEO at Hessegim, explains why the company decided to partner with SIX: "We selected SIX Financial Information as our preferred data partner because their apiD solution allows us to easily integrate the data into Prafis.

Moreover, their extensive coverage of the global bond market was exactly what we were looking for. Our decision was confirmed by the success of the project and the excellent support provided by the SIX team."

Hessegim´s Prafis system focuses on US corporate and government issues with access to other international bond markets already planned. Prafis uses proprietary algorithms and optimization codes, combining third party references and real-time market data, which offers the ability to scale up and extend functionality to create a superior level of analysis.

"With apiD our aim is to make it easy for market innovations such as Prafis to connect to our extensive database. We are thrilled to support the launch of Prafis, a system that makes navigating the corporate bond space simple and intuitive," says Martin Cole, Managing Director of SIX Financial Information UK.

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