SIX has entered a seven-year strategic partnership with Barclays to provide financial data and analytics services to support the bank’s international growth and cost efficiency objectives. 
The agreement builds on an established relationship between the two institutions and will give Barclays access to the full suite of financial information products from SIX, spanning real-time market data, wealth management tools, regulatory reporting solutions, and cross-asset data coverage.
As part of the arrangement, Barclays will also contribute to product strategy and the development of new data and analytical offerings, with the two firms set to collaborate on future client solutions.
Marion Leslie, head financial information & member of executive board, at SIX, said: “We are thrilled SIX will continue to play such a pivotal role in Barclays’ impressive growth story. As banks face immense pressure to curb costs amid an increasingly uncertain economic environment, harnessing the smartest financial data will be essential in protecting margins and laying the foundations for growth.”
Leslie added: “This partnership is a testament to the strong foundations of our relationship that has been built on trust, commitment and collaboration.”
The deal comes as Barclays continues its multi-year transformation programme aimed at simplifying operations, focusing on three core business lines, and reducing costs by £2 billion by 2026.
Georges Lauchard, global markets and wholesale lending at Barclays, said: “SIX has been a valuable partner to Barclays over recent years, and it will continue to be so at this incredibly exciting chapter of the company’s growth.”
Lauchard added: “Accelerating our digital transformation with the help of leading market data vendors like SIX is a central tenet of our expansion strategy, and we are excited to bring innovative new products and services to our global client base over the coming months.”