SIX Connexor and Clearstream D7 to Be Connected for International Reference Data Distribution

SIX, the global financial information provider, today announced its partnership with Clearstream, a leading European provider of post-trade services which is wholly owned by Deutsche Börse, in order for the Connexor service of SIX to become D7 Digital Market Partner to process and distribute reference data of financial instruments.

SIX will connect its flagship service for reference data, Connexor, with D7. D7 is Deutsche Börse's digital post-trade platform for digitizing financial instruments, which allows for the issuance of electronic securities, operating under the German eWpG regulation.

The initiative responds to a regulatory directive introduced 3 June 2021 ("Gesetz zur Einführung von elektronischen Wertpapieren eWpG") which has mandated the standardized and digitalized transmission of book-entries by issuers of financial instruments. This necessitates a comprehensive solution for reference data distribution, which will be offered by the creation of one single access for product issuers, reducing process costs. Issuers can efficiently fulfill and also simplify their reporting obligations as well as related procedures by accessing D7 via Connexor, eliminating the need to construct direct interfaces on their own.

The collaboration provides Clearstream and SIX with the opportunity to leverage on their innovative technology in managing the digitized and automated lifecycle of financial products in a standardized manner. This offers clients straight-through processing as well as increase of volume and quality of the data processed. By simplifying transmission procedures, this collaboration is also set to increase efficiency.

The connection between Connexor and D7 will be activated provisionally in the second half of 2024, providing market participants with one single access to fulfill their regulatory obligations.

André Buck, Global Head Sales & Relationship Management, SIX Swiss Exchange, stated: "The new partnership fills us with great pride. This is because it is based on years of evolutionary innovation as an infrastructure provider. Through Connexor and D7, we both enable our customers to benefit significantly from this partnership."