SIX is pleased to announce that it has partnered with ULTUMUS, the international London- based index and ETF data specialist, to provide a compliance solution that provides a single file of OFAC sanctioned securities across global ETFs and Indices. The restricted list screening service covers prohibited investments using comprehensive security master data from SIX, which covers equity, debt and structured products among other classes of assets.
Ultumus and SIX are long-time partners on the index-business side. The geo-political situation triggered a new need on the market that both companies can fulfil and they decided then to expand their partnership. Indeed the collaboration signifies a desire of SIX to provide a solution to assist their clients to navigate the evolving sanctions landscape in a highly agile way, working with ULTUMUS to leverage their expertise across global ETF and Indices.
Bernie Thurston, CEO, ULTUMUS, states “Working with SIX allows us to provide a complete solution to clients trading in the international ETF market and highlights our desire in making ETFs more transparent and efficient to trade.”
Stephane Hug, Senior Product Manager, Financial information, SIX, comments: “Working with ULTUMUS as a partner allows us to further enhance our funds compliance service offering to our clients and address the changing regulatory requirements with one solution”
ULTUMUS are the leading ETF and Index data specialists. The firm is technology driven implementing the latest cloud-based technology in support of Index and ETF trading, asset management and asset servicing. ULTUMUS’s market presence is global and expands across all business functions of a financial institution that require accurate, reliable and timely Index and ETF data. The combination of data, technology and expertise has shaped the DNA of the firm and is at the heart of everything it does.
SIX operates and develops infrastructure services for the Swiss and Spanish Stock
Exchanges, for Post-Trade Services, Banking Services and Financial Information with the
aim of raising efficiency, quality and innovative capacity across the entire value chain of the
Swiss and Spanish financial centers. The company is owned by its users (122 banks). With
a workforce of some 3,200 employees and a presence in 20 countries, it generated
operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.