SIX Initiates Data Processing Efficiencies in Asia with CONNEXOR

With the Swiss Stock Exchange​’s global reference data distribution platform CONNEXOR, SIX begins the standardization and automation of the reference data collection and distribution for the structured products industry in the Asia-Pacific market.

The strategic collaboration between Contineo, a leading Hong Kong based trading platform for structured products in Asia, and SIX now is taken to the next level.

In its latest version which has been launched yesterday, trades concluded on the Contineo platform lead to an automated creation of a CONNEXOR product and transaction economics that are disseminated to the market in real-time and without the risk of mismatches.

Further, standardized collection, distribution and maintenance of reference data simplifies workflows and reduces the number of interfaces. With this, banks can start booking and post-trade processes quicker and with better data quality. In addition, specialized third parties can use the data for portfolio analytics or even regulatory document creation (e.g. KID/PRIIP).

Commenting on the announcement, André Buck, Global Head Sales & Relationship Management, SIX Swiss Exchange, said: “With our geographic expansion to Asia, SIX provides financial market participants with innovative services that add real value by fulfilling their needs. Since we first started to introduce CONNEXOR to the Asian-Pacific market, we are now positioned more strongly to address Asian market needs for quality on one hand and more efficient workflows and cost savings on the other.”

“This major development will allow Contineo to cover even more of the end-to-end process of structured product transactions beyond the original click & trade functionalities. It leverages on the flexibility and scalability of our new state of the art platform to perform post-trade workflows such as straight through processing to client core banking systems and eliminate the risk of misbookings”, Antoine de Charnacé, CEO at Contineo commented.