SIX Telekurs
Encyclopedia
SIX Telekurs is a Financial Data Vendor and specializes in procuring, processing and distributing international financial information. Financial market specialists at SIX Telekurs gather information from all the world’s major trading venues – directly and in real-time. The SIX Telekurs database with its structured and encoded securities administration data for more than 7.6 million financial instruments is unique in terms of its depth of information and data coverage. SIX Telekurs has offices in 23 countries.
In 1930, SIX Telekurs was founded in Zurich, Switzerland, as Ticker AG.
In 2008 The Telekurs Group merged with SWX and SEGA Intersettle to form SIX Group. Telekurs Financial was renamed to SIX Telekurs and became the Financial Information division of SIX Group.
The company is now a global financial infrastructure company which provides services from stock exchanges, through clearing and settlement to credit card issuance, merchant services and financial information.
SIX Telekurs has 30 offices in 23 different countries: Amsterdam, Basel, Boston, Brussels, Casablanca, Copenhagen, Dublin, Edinburgh, Frankfurt, Geneva, Goteborg, Helsinki, Hong Kong, London, Lugano, Luxembourg, Madrid, Milan, Monaco, Nanterre, New York, Oslo, Paris, San Francisco, Singapore, Stamford (USA), Stockholm, Tokyo, Toronto, Vienna
. Based on a unique data model, VDF holds information on approximately 7.6 million financial instruments, drawing on over 850 trading venues and contributors. For calculated and evaluated prices, SIX Telekurs offers a number of specific products within this category.
) in Switzerland Liechtenstein and Belgium, and in this capacity is responsible for the issuing of Valoren
and ISIN
identifiers. The company is also a founding member of ANNA, as well as a co-operator of the ANNA Service Bureau. In addition, SIX Telekurs is a member of The International Organization for Standardization (ISO)
, FISD, and MiFID
joint working groups, and is a SWIFT
certified distributor of ISO 15022 corporate actions messages.
For regulatory compliance, SIX Telekurs provides a wealth of information that help analyze exposures and aggregate positions for effective reporting. SIX Telekurs has incorporated flags, markers and
classifications into VDF that facilitate compliance with taxation regulations such as the EU savings tax, Swiss transaction taxes and US IRS Withholding, plus fee calculation regulations such as the SEC rule 22c-2, and pan-European regulations as MiFID
and UCITS III and IV.
History
In 1930, SIX Telekurs was founded in Zurich, Switzerland, as Ticker AG.
In 2008 The Telekurs Group merged with SWX and SEGA Intersettle to form SIX Group. Telekurs Financial was renamed to SIX Telekurs and became the Financial Information division of SIX Group.
The company is now a global financial infrastructure company which provides services from stock exchanges, through clearing and settlement to credit card issuance, merchant services and financial information.
Locations
The head office of SIX Telekurs is in Zurich, Switzerland.SIX Telekurs has 30 offices in 23 different countries: Amsterdam, Basel, Boston, Brussels, Casablanca, Copenhagen, Dublin, Edinburgh, Frankfurt, Geneva, Goteborg, Helsinki, Hong Kong, London, Lugano, Luxembourg, Madrid, Milan, Monaco, Nanterre, New York, Oslo, Paris, San Francisco, Singapore, Stamford (USA), Stockholm, Tokyo, Toronto, Vienna
Product Types
The SIX Telekurs products flow from the same single logical database, and are divided into four categories:Reference Data and Pricing
SIX Telekurs' main product, the Valordata Feed (VDF), is a source for reference and descriptive data plus corporate actionsCorporate action
A corporate action is an event initiated by a public company that affects the securities issued by the company. Some corporate actions such as a dividend or coupon payment may have a direct financial impact on the shareholders or bondholders; another example is a call of a debt security...
. Based on a unique data model, VDF holds information on approximately 7.6 million financial instruments, drawing on over 850 trading venues and contributors. For calculated and evaluated prices, SIX Telekurs offers a number of specific products within this category.
Market Data
SIX Telekurs' market data products are real-time or delayed. The master database allows customers to link nearly 1,500 individual data elements across millions of active financial instruments, for a clear view of investment positions. Services range from valuation pricing and real-time market data feeds to streamlined back-office Products and all are used for improved straight-through processing.Display Products
The SIX Telekurs display products provide easy access to the company's full range of data. These products offer access to quotes, lists, charts, news, corporate fundamental data. Each of the SIX Telekurs display services offers the options and features most needed by a given sector. SIX Telekurs also bundles its display products with fee-liable data such as news, company fundamentals and ratings.Solutions
SIX Telekurs also provides tailor-made as well as ready-made solutions. The ready-made solutions including a realtime index /indicative NAV calculator, on-line brokerage systems, and even white labeled Websites.Compliance and Standards
SIX Telekurs actively participates with global standards organizations to define and adopt relevant standards that promote straight-through processing. Specifically, SIX Telekurs is the official national numbering agency (NNANNA
NNA is a three-letter abbreviation with several meanings:* Kenitra Airport the IATA code for this Moroccan airport* National Newspaper Association, an American organization for community newspapers...
) in Switzerland Liechtenstein and Belgium, and in this capacity is responsible for the issuing of Valoren
Valoren
-VALOR Numbers:The VALOR number is a code which uniquely identifies listed securities and financial instruments used in Switzerland, and serve a similar purpose to CUSIP or WKN in the North American or German markets respectively.-Allocation Methodology:...
and ISIN
ISIN
An International Securities Identification Number uniquely identifies a security. Its structure is defined in ISO 6166. Securities for which ISINs are issued include bonds, commercial paper, equities and warrants...
identifiers. The company is also a founding member of ANNA, as well as a co-operator of the ANNA Service Bureau. In addition, SIX Telekurs is a member of The International Organization for Standardization (ISO)
International Organization for Standardization
The International Organization for Standardization , widely known as ISO, is an international standard-setting body composed of representatives from various national standards organizations. Founded on February 23, 1947, the organization promulgates worldwide proprietary, industrial and commercial...
, FISD, and MiFID
MiFID
The Markets in Financial Instruments Directive as subsequently amended is a European Union law that provides harmonised regulation for investment services across the 30 member states of the European Economic Area...
joint working groups, and is a SWIFT
Swift
The swifts are a family, Apodidae, of highly aerial birds. They are superficially similar to swallows, but are actually not closely related to passerine species at all; swifts are in the separate order Apodiformes, which they share with hummingbirds...
certified distributor of ISO 15022 corporate actions messages.
For regulatory compliance, SIX Telekurs provides a wealth of information that help analyze exposures and aggregate positions for effective reporting. SIX Telekurs has incorporated flags, markers and
classifications into VDF that facilitate compliance with taxation regulations such as the EU savings tax, Swiss transaction taxes and US IRS Withholding, plus fee calculation regulations such as the SEC rule 22c-2, and pan-European regulations as MiFID
MiFID
The Markets in Financial Instruments Directive as subsequently amended is a European Union law that provides harmonised regulation for investment services across the 30 member states of the European Economic Area...
and UCITS III and IV.
See also
- Thomson ReutersThomson ReutersThomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
- Bloomberg L.P.Bloomberg L.P.Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
- Morningstar, Inc.Morningstar, Inc.Morningstar, Inc. is an independent investment research company based in Chicago, Illinois, USA.-Businesses:Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for...