SIX, the global financial information provider, has today launched a new tool built on its market leading corporate actions data allowing financial market professionals to ask intuitive questions relating to corporate actions events.
The automated software application, named SIX Bot, provides the latest information on more than 70 corporate actions event types to over 600,000 financial market professionals on Symphony, the leading markets' infrastructure and technology platform. Real-time data sharing platform ipushpull is used to enable chat and data integration with Symphony for SIX Bot.
Responding to increasing industry demand for greater automation of the corporate actions processes, the SIX Bot helps to speed up operational tasks by integrating into existing team workflows. Through simple requests with a corresponding ISIN code, the SIX Bot will return corporate actions data, including the relevant event type, key dates and history, removing the dependency on human intervention on every request. By alleviating pressure on increasingly stretched front and back-office personnel, the tool will free up time for teams to focus on higher value tasks.
The SIX Bot follows the launch of the Corporate Action Calendar by SIX in September this year, which allows clients to reliably track and monitor upcoming corporate actions events.
Commenting on the launch, Annelotte De Nanassy, Senior Product Manager, Financial Information, SIX, said: “To manage the increasing complexity and volume of corporate actions in today’s financial markets, there must be more automation. The SIX Bot will optimize the current workflow within corporate actions teams, offering higher operational efficiency. This provides firms with a competitive edge in what is a historically difficult area of the market to process, putting them in a much better position to service their clients.”
Robert Friend, Head of Market Solutions Products and Partnerships at Symphony, added: “We are very excited to partner with SIX, a global leading provider of reference data and bring their SIX Bot to Symphony's more than 600,000 strong user community across front, middle and back office. The bot will revolutionize the way financial market professionals consume and process corporate actions. It will transform a currently very manual, time consuming and error prone process into a real time on demand one, supporting the market and regulatory need for fast access to quality data.”
Neil Weatherall, Head of Technical Sales, ipushpull, comments, “We are delighted that SIX has chosen ipushpull to help support their innovative SIX Bot tool. SIX is innovative, forward-thinking and is fully embracing automation to help its clients be more effective with data - core values we both share.”