SIX Financial Information and FTS sign Service Facilitator Agreement for Corporate Action Data
New Jersey, Zurich (Switzerland), May 5, 2017 – SIX Financial Information and Financial Technologies Solutions (FTS), a technology provider of workflow solutions for the financial securities market, today announced that they have signed a Service Facilitator Agreement. This enables FTS to process SIX Financial Information’s highly regarded corporate action data on behalf of mutual clients in North America who operate globally.
Under the Service Facilitator Agreement, FTS’ Corporate Actions Announcement and Processing System (CAAPS) will provide access to non-North American corporate actions data sourced by SIX Financial Information thus streamlining and simplifying critical corporate actions information while providing tools for direct comparison with client’s custodian bank event information.
A specialist in reference and pricing data, SIX Financial Information has won multiple industry awards for corporate actions quality. Drawing on an extensive securities database and more than 1500 global sources means SIX provides 53 ISO defined corporate action event types in near real-time.
“Integrating SIX Financial Information’s international corporate actions data within CAAPS will assist in providing an additional level of critical risk management for our clients,” said Leonard E. Belvedere, Executive Vice President of Business Strategies and Sales, Financial Technologies Solutions. “We look forward to expanding our customers’ options through our new relationship with SIX by offering their data through additional FTS products and services.”
“SIX enjoys a strong reputation for accurate and timely delivery of corporate action information. Clients utilize the information to bring efficiencies to their cash flow management, income distribution and mission-critical portfolio and risk management activities. Thanks to our new partnership with FTS, joint clients in North America can take advantage of streamlined data consumption, allowing them to reduce manual error, operational risk and costs,” commented Robert Jeanbart, Division CEO SIX Financial Information.
Julian Chan, Media Relations
Phone: +41 58 399 2508
Fax: +41 58 499 2710
Financial Technologies Solutions
Philip J. Necci, Jr.
Chief Marketing Officer & Partner
T +1 908-222-5381
SIX Financial Information
SIX Financial Information is a leading global provider of data and value-added services for the wealth and asset management industry. Aggregated directly and in real-time from 1500 worldwide sources - covering all the major trading venues - SIX’s database includes reference and market data, corporate actions, regulatory data and pricing information for over 23 million instruments. With offices in 23 countries, SIX combines the advantages of local expertise with global reach to offer financial specialists comprehensive data services for Asset Servicing and Administration, Middle Office, Investment Advisory, Portfolio and Fund Management.
SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users (approximately 130 banks of various orientation and size). Its workforce of over 4,000 employees and presence in 25 countries throughout the world generated operating income of CHF 1.8 billion and a Group net profit of CHF 221.1 million in 2016.
Financial Technologies Solutions (FTS)
FTS is the newest technology provider in the global financial services industry, providing clients with software solutions and consulting services. Focusing on corporate actions data and risk management tools, FTS has developed cost-effective ISO-based applications CAAPS and CONNECTS.
CAAPS is a secure, cloud-based, rapidly-deployed, modular software solution that streamlines the comparison of ISO 15022/20022 formatted corporate action information, while providing flexible management and risk management to simplify operational workflows and allow organizations to work according to their own rules. CONNECTS is a cost-effective, web-based portal that grants access to a selection of premier global corporate action vendors’ data in a simplified view of ISO 15022/20022 formatted data, which promotes more efficient research of corporate action information.