The goal of this alliance is to provide the French market, initially, with a complete terminal offering all the necessary data on funds and savings products marketed in France. It thus benefits from the expertise of both companies: FIDA's business and technological expertise combined with the data and analytical expertise from SIX.
FIDA Workstation is a terminal designed for financial advisors, private bankers, and life insurance product distribution networks. The solution offers advanced features for financial advisory, while an autonomous version is provided to advisors and financial promoters for independent analysis of portfolios and products. SIX offers a comprehensive database on funds marketed in France, including characteristics, regulatory data, performance calculations, and classification for all investment strategies (EuroPerformance Database). This database, which already feeds most asset management companies and securities back offices in France, will now be available on the FIDA Workstation to meet the needs of financial and wealth advisors for optimized portfolio management and accelerated client response capabilities.
Gianni Costan, CEO of FIDA, states: "We are very pleased to be able to offer our clients the full richness of the financial flows from our partner SIX. Our FIDA Workstation solution, which has been very successful in Italy for years and is now being deployed in France, will be able to rely on the database from SIX, whose quality is widely recognized on the French market."
Hugues Garcia, Managing Director France, Financial Information, SIX, adds: "We are very pleased with this partnership, which allows us to offer our fund data to a new segment of the asset management ecosystem: distribution. FIDA's technological expertise and their understanding of the challenges faced by wealth management advisors enable optimal use of our fund data to best meet client needs. We are already counting on strengthening our alliance to serve an even wider range of clients and make a difference with our data."