SIX partners with Avaloq on new instrument valuation service

Available through the CONNEXOR API, users can subscribe or unsubscribe flexibly to instruments via ISIN requests based on their needs.

SIX and Avaloq have partnered to launch a new independent valuation service aimed at enhancing participants’ ability to value structured products.

The service is available through the CONNEXOR API. Users can subscribe or unsubscribe to instruments via ISIN requests to obtain end-of-day valuations for non-listed structured products.

“The launch of this service marks another important milestone for our CONNEXOR offering, a comprehensive solution around financial products data,” said Francesco Marcon Fiastri, head of sales for structured products and CONNEXOR, SIX Swiss Exchange.

The API integrates valuations and risk figures for structured products across markets while also leveraging various pricing engines and real-time data analysis. Meanwhile, automated coverage checks ensure data availability and cost transparency for each product globally.

“At Avaloq, we work closely with our ecosystem of partners to drive innovation in the financial industry,” said Andreas Diener, head business strategy and offering wealth products at Avaloq.

“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.”

SIX has found itself in a launching streak in the last 12 months, much of which has a data spin. Also new to its roster is a new Corporate Action Calendar providing clients insight into corporates movements launched in November 2023 and crypto reference rates and real time indices for institutional investors announced in February 2024.