SIX has launched SIX Bot, an automated software application that aims to improve corporate actions data access.
Built on the company’s corporate actions data and using infrastructure and technology platform Symphony, the application provides information on more than 70 corporate action events types.
Chat capabilities and data integration with Symphony are provided by real-time data sharing platform ipushpull.
Users can submit simple requests to the applications, with a corresponding ISIN code, and receive corporate actions data including the relevant event type, key dates and history. Automating this process and integrating operational tasks into existing team workflows frees up time for teams to engage with more value-added tasks.
The new product follows the September release of SIX’s Corporate Action Calendar, which enables the tracking and monitoring of upcoming corporate actions events.
Annelotte De Nanassy, product manager for financial information at SIX, says: “To manage the increasing complexity and volume of corporate actions in today’s financial markets, there must be more automation. The SIX Bot will optimise the current workflow within corporate actions teams, offering higher operational efficiency. This provides firms with a competitive edge in what is a historically difficult area of the market to process, putting them in a much better position to service their clients.”
Robert Friend, head of market solutions products and partnerships at Symphony, comments: “The bot will revolutionise the way financial market professionals consume and process corporate actions. It will transform a currently very manual, time consuming and error prone process into a real-time on-demand one, supporting the market and regulatory need for fast access to quality data.”
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