Providing Data of the Highest Quality Standards
The worldwide unique reference data platform seamlessly connects data sources such as issuers of financial products with data recipients such as exchanges, banks, CSDs, data vendors or even newspapers.
With CONNEXOR, issuers have their product rapidly admitted to trading while it allows non-listed instrument data to be captured and distributed in a standardized manner, which guarantees fast and error-free information across the board. Issuers can additionally automate some of their reporting processes, making it easier to electronically submit product event information during the lifecycle of a product.
Scalability is Key
CONNEXOR is a SIX Swiss Exchange platform based on the highly scalable XML (Extensible Markup Language) data format, and facilitates the efficient management of reference data throughout the entire life cycle of a financial product. Reference data is captured electronically in a standardized way, directly at source, even for instruments listed on other exchanges, OTC or private placements. This allows for straight through processing, making data available to any number of data consumers in a standardized manner, without any changes to content. The process is fast, efficient and eliminates repeated efforts across different interfaces and data models.
For Swiss issuers – or generally for issuers who already use CONNEXOR – the roll-out to Spain means, that the same process they use for listing with SIX Swiss Exchange, can be used to list at BME/Iberclear. Exactly this ‘scalability’ is one of the key points of CONNEXOR; uniform processes, high data quality through automation and cost savings for the issuers.