Market data products, services and systems provider SIX has no intention of resting on its laurels, which include the Service Provider of the Year award that it won via the FTF News Technology Innovation Awards competition.
The company is forging ahead and intends to build upon its innovations such as the regulatory solutions that it has been developing by leveraging its corporate actions and reference data offerings, says John McManus, executive director, head of sales, the Americas, U.K. and Ireland at SIX. FTF News had a video interview with McManus at the awards gala in June.
“We’re using our good quality corporate actions to drive new regulatory solutions. The first one is our global sanctions monitoring, which we’ve had a lot of success within the marketplace,” McManus says. “In this instance, we tie up our universal, 27 million instruments, we link that to all the various regimes, and then we bring in all the beneficial ownership information.”
By fusing the corporate actions and reference data, SIX can help firms drill down to the sanctioned individual or group and find the securities and corporate actions that are related to it.
The video interview also covered Section 871M of the Internal Revenue Code of the Internal Revenue Service (IRS) in the U.S., investor protection, the MiFID II and PRIIPS regulatory reforms and why SIX would rather innovate than play it safe.
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by: Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo