SIX indicators seven-year strategic information partnership with Barclays

SIX has entered a seven-year strategic partnership with Barclays to offer monetary information and analytics products and services to enhance the financial institution’s global expansion and value potency targets.

The settlement builds on a longtime courting between the 2 establishments and can give Barclays get right of entry to to the whole suite of economic data merchandise from SIX, spanning real-time marketplace information, wealth control equipment, regulatory reporting answers, and cross-asset information protection. 

As a part of the association, Barclays may also give a contribution to product technique and the advance of recent information and analytical choices, with the 2 companies set to collaborate on long term shopper answers. 

Marion Leslie, head monetary data & member of govt board, at SIX, stated: “We’re overjoyed SIX will proceed to play one of these pivotal function in Barclays’ spectacular expansion tale. As banks face immense force to curb prices amid an more and more unsure financial atmosphere, harnessing the neatest monetary information will likely be very important in protective margins and laying the principles for expansion.” 

Leslie added: “This partnership is a testomony to the sturdy foundations of our courting that has been constructed on believe, dedication and collaboration.” 

The deal comes as Barclays continues its multi-year transformation programme aimed toward simplifying operations, specializing in 3 core trade strains, and decreasing prices by means of £2 billion by means of 2026. 

Georges Lauchard, world markets and wholesale lending at Barclays, stated: “SIX has been a treasured spouse to Barclays over contemporary years, and it’ll proceed to be so at this extremely thrilling bankruptcy of the corporate’s expansion.”

Lauchard added: “Accelerating our virtual transformation with the assistance of main marketplace information distributors like SIX is a central guiding principle of our growth technique, and we’re excited to deliver cutting edge new services to our world shopper base over the approaching months.”