SIX today announced its partnership with Clearstream in order for the Connexor service of SIX to become D7 Digital Market Partner to process and distribute reference data of financial instruments.

SIX will connect its flagship service for reference data, Connexor, with D7. D7 is Deutsche Börse’s digital post-trade platform for digitizing financial instruments, which allows for the issuance of electronic securities, operating under the German eWpG regulation.

This move comes in response to a regulatory directive as well as market needs for standardization, representing a significant leap towards a digital and efficient future for financial markets.

The collaboration between SIX and Clearstream expands SIX Swiss Exchange’s position as a one-stop shop for international reference data processing in Europe and Asia, offering access to a holistic solution to issuers and financial institutions across different countries and jurisdictions. The initiative contributes to digitalization and standardization of processes within the European financial market. Result is regulatory compliance, reduction of complexity and minimization of maintenance-intensive interfaces, standardized and higher reference data quality through reduction of media-breaks as well streamlined product lifecycle management through automation.

The connection between Connexor and D7 will be activated provisionally in the second half of 2024, providing market participants with one single access to fulfill their regulatory obligations.

André Buck, Global Head Sales & Relationship Management, SIX Swiss Exchange, stated:

“The new partnership fills us with great pride. This is because it is based on years of evolutionary innovation as an infrastructure provider. Through Connexor and D7, we both enable our customers to benefit significantly from this partnership.”