SIX has launched a fully automated corporate action calendar, allowing clients to track and process upcoming corporate action events, including mergers and acquisitions, dividends, and stock buybacks – across all their portfolio companies.
Monitoring corporate actions is traditionally a labour-intensive process, yet, according to a SIX survey of market participants spanning Europe, North America and APAC, 78% still process part of their corporate actions manually.
Clients import their investment portfolio into the SIX iD Corporate Action Calendar, which then displays the data. The platform automatically flags any relevant changes to upcoming corporate actions impacting the securities in the portfolio helping the team prioritise their workload and enhancing operational efficiency.
SIX senior product manager, financial information, Annelotte De Nanassy, said: “With cost pressures biting amid global macroeconomic uncertainty, this innovation could not come at a better time for clients.
“Beyond relieving pressure on increasingly stretched front and back-office teams, our new offering will free up talent to work more closely on the complex, value-add elements of their job. This helps contribute directly towards maintaining a healthy and competitive position.”
Shai Popat, managing director, product and commercial strategy, financial information, SIX, added: “This solution is yet further evidence of the unwavering dedication to client service and innovation of SIX. With this user-friendly visualization of a complex data set we are confident of helping to transform the way corporate actions are dealt with across the industry.”
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