Trading infrastructure and financial information services provider Interactive Data has joined the growing group of companies offering direct market access (DMA) to SIX Swiss Exchange.
Effective from September 3, 2014, Interactive Data’s 7ticks solution enables its clients to tap the variety of trading opportunities on the highly liquid marketplace. Institutional clients of 7ticks will be able to benefit fully from the top-notch platform and execution at SIX, with the list of available assets including equities, bonds, exchange traded funds (ETFs), exchange traded products (ETPs), structured products and warrants.
Interactive Data offers DMA to SIX through five points of presence (POPs), two in North America, which are located in Illinois and New Jersey, and three in Europe, one in Frankfurt, another in London, and a further one 25 miles west of London in Slough.
Commenting on the partnership, 7ticks’ president Sean Brown stressed that it underlined the commitment to offer customers with DMA to the world’s leading electronic markets. The list of such partners for Interactive now includes 48 electronic trading venues, like NYSE US, LSE, BATS, and Singapore Exchange.
The collaboration comes after a very active summer for Interactive Data. In August it rolled out the new version of its FutureSource web-based platform, while later in the same month it launched an upgraded continuous fixed income evaluated pricing service. In July, the company showed its commitment to help its clients deal with complex regulatory requirements by releasing a solution to address AIFMD demands.
Interactive Data now joins the list of providers of direct electronic access service for SIX. Urs Widmer, chief operating officer at the marketplace said: “By continually enlarging our range of service providers, we enable our broadly diversified participants to find the ideal connectivity solution”.
The full press release can be read by clicking here.