SIX has partnered with Clearstream to connect its reference data distribution service, Connexor, to D7, Deutsche Börse’s digital post-trade platform.
D7 digitalises financial instruments, allowing for the issuance of electronic securities under the June 2021 German eWpG regulation. When accessed through Connexor, clients will be able to use the service to fulfil and simplify their reporting obligations and related procedures without constructing their own digital interfaces.
The connection between the platforms will be activated provisionally in H2 2024, the firms state.
Through the partnership, SIX will be able to provide a holistic solution for international reference data processing to issuers and financial institutions across countries and jurisdictions.
Using the service, clients will benefit from regulatory compliance, simplified operations and less maintenance-intensive interfaces. By reducing media breaks and using automation, users will also see standardised, higher-quality reference data and streamlined product lifecycle management, the firms say.
André Buck, global head of sales and relationship management at SIX Swiss Exchange, says: "The new partnership [is] based on years of evolutionary innovation as an infrastructure provider. Through Connexor and D7, we enable our customers to benefit significantly from this partnership."
