Spanish stock exchange BME has made SIX’s CONNEXOR service available to all warrants issuers in Spain.
The roll-out to the Spanish market is a step forward in the digitalisation and modernisation of the listing process, says BME.
CONNEXOR will streamline the process of warrants’ admission to trading, by automating the data flow from the issuers to BME, including Iberclear.
CONNEXOR enables issuers to have their product rapidly admitted to trading while it allows non-listed instrument data to be captured and distributed.
CONNEXOR is based on the XML data format, and facilitates the management of reference data throughout the life cycle of a financial product.
Reference data is captured electronically, directly at source, even for instruments listed on other exchanges, over-the-counter or private placements. This allows for straight-through processing, making data available to any number of data consumers, eliminating repeated efforts across different interfaces and data models.
Issuers can additionally automate some of their reporting processes, which is designed to make it easier to electronically submit product event information during the lifecycle of a product.
The SIX Swiss Exchange reference data distribution platform is widely utilised in the Swiss market and is now employed worldwide.
