SWITZERLAND: SIX Initiates Data Processing Efficiencies in Asia with CONNEXOR

Wednesday May 26 2021

On 26^th May 2021, the Swiss Stock Exchange (SIX) announced that the strategic partnership between Contineo, a leading Hong Kong based trading platform for structured products in Asia, and SIX now moves to the next level.

In its latest version, trades concluded on the Contineo platform lead to an automated creation of a CONNEXOR product and transaction economics that are disseminated to the market in real-time and without the risk of mismatches. Further, standardized collection, distribution and maintenance of reference data simplifies workflows and reduces the number of interfaces. With this, banks can start booking and post-trade processes quicker and with better data quality. In addition, specialized third parties can use the data for portfolio analytics or even regulatory document creation.

Providing Data of the Highest Quality Standards

CONNEXOR is a unique reference data platform that seamlessly connects data sources such as issuers of financial products with data recipients such as vendors, (Private) banks, specialized third parties, exchanges, banks, CSDs, or even newspapers. CONNEXOR also addresses the need for transparency and regulatory requirements such as MiFID II, IRS 871m, the creation of PRIIPs/KIDs along with Switzerland’s incoming Financial Services Act.

By rationalising the process of data dissemination and paving the way for greater connectivity through enhanced automation and straight through processing (STP) rates, CONNEXOR enables the efficient management of financial products along their full lifecycle – including product events. The collection and maintenance of product data is centralized and standardized, simplifying the overall workflow and reducing the number of interfaces.

Click on the above link for further information.