ISF Tri-party Survey: SIX Securities Services takes the top spot for EMEA.
According to the respondents of the Global Investor/ISF tri-party survey 2016, SIX Securities Services is the highest rated tri-party provider in the EMEA region. In the survey, SIX Securities Services gets the highest score in nine out of 15 EMEA-categories. Clients appreciate the cooperative partnership and highlight its innovation capability, service quality and straight through processing levels.
The latest results of this year’s tri-party survey released end of June 2016 by the Global Investor show that SIX Securities Services performed excellently in its home market of Switzerland as well as in the EMEA region, representing over a third of its client base. Nerin Demir, Head SIX Repo Ltd and the person responsible of all tri-party and securities finance services comments: “In our core market of Switzerland, our tri-party service offering is at the forefront with a market penetration of over 90 percent. However, SIX Securities Services – through SIX Repo Ltd – continues to expand its Securities Finance services in the EMEA region. Today, more than half of our trading volume comes from abroad.”
SIX Securities Services achieved the highest rating in its overall business segments including Repo and Securities Lending, and the highest score in nine out of 15 service categories. Its top three scores were for quality of client service (6.43), accuracy of margin calls (6.36) and level of straight through processing (STP) offered (6.07).
The introduction of the new CO:RE trading platform this year is reflected in the study as well, and considered positive by clients as different comments show: “SIX has been innovative by the implementation of a forward looking platform.” Another client praises the excellent technical functionalities and describes the user interface as “very client friendly”.
In addition, one respondent highlights SIX Securities Services capability for innovation, service, and flexibility.
What else can we say but “Thank you!”
Survey respondents were asked to rate their tri-party agents across 15 service categories on a scale between one and seven. Additionally, they were required to rank the 15 service categories in order of importance. The more important a category is considered by all respondents, on average, the greater the weighting.
The table below provides a snapshot of SIX Securities Services EMEA performance. Red scores are winning scores, the highest average rating a triparty provider received in that category and geographical region.
(Source: Global Investor/ISF)