With the comprehensive coverage of fixed income data, exchange operator SIX aims to close a gap in its offering. This would provide banks, asset managers, asset managers and hedge funds with comprehensive information on bonds, according to a press release on Tuesday.

The new service offers strict validation processes, seamless integration into existing systems and a flexible service model, SIX added. This will help market participants to reduce their dependency on inconsistent, error-prone sources and remain agile.

Managing Risk and Meeting Regulatory Requirements

«Financial institutions rely heavily on fixed income data to value securities, manage risk and meet regulatory requirements«, says Swati Bhatia, Head of Fixed Income in the Financial Information division SIX. «Until recently, many market participants were constrained by offerings with rigid terms and conditions or had to combine fragmented data sources that lacked completeness and accuracy.»

The offering is based on a comprehensive range of information on global markets, particularly for instruments in the world's largest fixed income market, the USA. This would give customers access to data on 3.6 million instruments from the USA, including municipal bonds, corporate and government bonds and structured financial products.

One unique selling point is the issue and life-cycle documentation, which is provided via a central platform. In addition, there is a robust validation process with matching, cleansing and enrichment of data.

This enables SIX to provide precise, verifiable data in the otherwise less transparent fixed income market.

The data can be integrated into clients' workflows via an API interface. This shortens the onboarding time and minimizes disruptions.

The offering includes transparent pricing and scalable license models, enabling customers to adapt the service to their business requirements – without unexpected costs or rigid contract terms.