Swiss Stock Exchange SIX and Avaloq to Simplify Financial Instrument Valuation

SIX is pleased to launch the Independent Valuation Service for financial instruments, which was co-created with Avaloq based on a strategic partnership.

The initiative addresses international financial markets’ need “for end-of-day product valuations from an independent source.”

This facilitates client reporting, risk management, and continuous benchmarking.

Product valuations are pivotal “for asset and risk managers, custodians as well as other financial institutions, guiding investment decisions, risk management, compliance, and reporting procedures.”

Drawing on trusted and unified data sources, these valuations “offer simplification, stability and transparency amid complex investment processes and demanding regulatory requirements especially for securitized derivatives.”

With easily available valuation data from “an impartial source such as SIX these challenges now can be overcome.”

The Independent Valuation Service for Structured Products “available through the established CONNEXOR API offers an easily accessible and customizable solution: Users can subscribe or unsubscribe flexibly to instruments via ISIN requests, based on their needs in order to obtain end-of-day valuations for non-listed structured products to trigger required downstream processes.”

The API of the Independent Valuation Service “integrates valuations and risk figures for structured products across financial markets, leveraging different pricing engines and real-time data analysis.”

Automated coverage checks ensure “comprehensive data availability and cost transparency for each product available globally.”

Francesco Marcon Fiastri, Head of Sales for Structured Products & CONNEXOR, SIX Swiss Exchange said:

“SIX is proud to collaborate with industry leaders such as Avaloq in further developing the Independent Valuation Service as part of the CONNEXOR API. The launch of this service marks another important milestone for our CONNEXOR offering, a comprehensive solution around financial products data.”

Andreas Diener, Head Business Strategy and Offering Wealth Products at Avaloq said:

“At Avaloq, we work closely with our ecosystem of partners to drive innovation in the financial industry. Our partnership with SIX to develop the Independent Valuation Service demonstrates our commitment to providing cutting-edge solutions that simplify investment processes and enhance decision-making capabilities for our clients.”

As covered, SIX provides and “operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players.”

As a global provider of financial information, SIX delivers “high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world.”

The company is owned “by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.”

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