SIX has launched a series of global equity indices for the retail, private banking and asset management sector.
The indices have been created in response to growing demand from financial institutions for a clearer picture of the stocks and markets that their clients’ money is invested in and how they are performing, SIX explained.
The solution combines existing indices and instrument data into a single channel, including SIX’s Broad and Blue-Chip Indices and Swiss, Spanish, Nordic and ESG indices.
Users are able to view their equity investments through a digital portal using a web API, which SIX said will reduce the administrative burden of subscribing to several sources, SIX said. Clients will also be able to provide additional data sets and more granular performance details to their customers, including real-time pricing for a particular entity.
The SIX Global Indices can also form the basis for fully-customised indices and be used as use-cases for display, derived data, reporting, portfolio, risk and asset management, the firm added.
Christian Bahr, head of index services for financial information at SIX, commented: “Establishing a strong presence across the banking sector is paramount for recognition as a key player in global indices and global market data. With the relentless growth of passive investing, this has become increasingly important in recent years.
“Many financial institutions are in the process of renewing their online banking products, including their own websites and apps. SIX supports them with a more sophisticated overview of market performance for their investment-savvy customers, and our combined proposition around API delivery will make accessing this data faster, simpler, and more cost-effective for financial institutions. We eagerly anticipate creating further innovations in this exciting space.”
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