SIX is utilising Megaport to provide customers private access to its data services via any major public cloud provider. The service is available as of today and covers more than 100 cloud regions as well as hundreds of data centres across North America, Europe and Asia Pacific.
SIX Connect forms part of SIX’s wider strategy to deliver clients flexibility with regards to data access, offering customers secure connectivity to its entire suite of data services via the cloud or physical data centres. This includes SIX streaming, web, and file-based data services, used by many leading buy and sell-side institutions globally.
Henk D’Hoore, global head of product development, Financial Information, SIX, said: “This represents a leap forward, not just for SIX but for the entire financial community we serve. Customers continue to explore and adopt cloud to accelerate development cycles and optimise workflows. They prefer to partner with an information provider who can offer seamless and instant access to financial information, irrespective of their choice of cloud provider or region.”
Leveraging Megaport’s global network and technology, SIX can enable private cloud access to all customers irrespective of cloud provider preference, without the need for clients to re-engineer existing technology stacks. It also expands the connectivity options available for users from any public cloud environment. This includes AWS, Microsoft Azure, Google Cloud and Oracle Cloud, among others. In this way, SIX provides a significant extension of its client-facing market data network infrastructure
According to a recent market data survey SIX conducted with Coalition Greenwich, 64% of respondents cited that cloud will emerge as the dominant market data delivery method over the next three to five years. However, the industry currently stands at a mere 30% cloud adoption rate.
© Markets Media Europe 2023
