SIX announced the launch of the Independent Valuation Service for financial instruments, which was created jointly with Avaloq based on a strategic partnership.
The initiative addresses the international financial markets’ need for end-of-day product valuations from an independent source. This facilitates customer reporting, risk management and continuous benchmarking.
Product valuations are vital to asset and risk managers, custodians as well as other financial institutions, guiding investment decisions, risk management, compliance and reporting processes. Based on reliable and consolidated data sources, these valuations offer simplification, stability and transparency in the midst of complex investment processes and demanding regulatory requirements, especially for securitized derivatives. With readily available valuation data from an unbiased source like SIX, these challenges can now be overcome.
The Independent Valuation Service for Structured Products available through the established CONNEXOR API offers an easily accessible and customizable solution: Users can flexibly subscribe or delete instruments via ISIN requests, based on their needs, in order to receive valuations at the end of day for unlisted structured products to enable required downstream processes.
The Independent Valuation Service API integrates valuations and risk elements for structured products in the financial markets, leveraging different pricing mechanisms and real-time data analysis. Automated coverage checks ensure comprehensive data availability and cost transparency for every product available globally.
“SIX is proud to work with industry leaders such as Avaloq to further develop the Independent Valuation Service as part of the CONNEXOR API,” Francesco Marcon Fiastri, Head of Sales for Structured Products & CONNEXOR, SIX Swiss Exchange. “The launch of this service marks another important milestone for our CONNEXOR offering, a comprehensive solution around financial product data.”
“At Avaloq, we work closely with our partner ecosystem to drive innovation in the financial industry,” says Andreas Diener, Avaloq’s Head of Business Strategy and Wealth Product Offering. “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.”