With the new family of global equity indices, SIX aims to strengthen its position as a global provider of indices and data. The new offering has been specifically developed for retail banking, private banking, and wealth management, the exchange operator announced in a statement on Tuesday.

The demand for such products exists, they are convinced. SIX sees a growing need among financial institutions for a more precise overview and more accurate performance data on the stocks and markets in which their customers' money is invested. Customers could thus be provided with a simple, digital portal through which they can view their stock investments.

Global, Regional, and Country-Specific

The new global index family includes the «SIX World Indices» with seven individual indices as well as the «SIX Broad & Blue-Chip Indices» with regional and country-specific classifications for Europe, America, and APAC. In total, 49 countries and almost 3,000 companies worldwide are covered.

Compared to competing products, customers should benefit from less effort and lower fees. With the new offering, a large portion of the customer base can significantly reduce administrative effort. With less effort, they have access to equivalent indices, instead of subscribing to multiple sources, SIX further writes.

API Technology Integration

Access is provided through SIX's Application Programming Interface (API) technology. This allows for the offering of additional datasets such as real-time price information or detailed performance data. Furthermore, institutions no longer need to interact with multiple index and data providers to offer these services to their customers.

«Our combined API delivery offering allows for faster, easier, and more cost-effective access to this data,» says Christian Bahr, Head of Index Services at SIX.

«Establishing a strong presence in the banking sector is crucial for recognition as a key player in global indices and global market data. With the continuous rise of passive investment forms, this has become even more important in recent years,» Bahr continues.