The acquisition will help SIX improve its cross-asset offerings from front-to-back office.
SIX, an exchanges and financial data company, reports that it has acquired a majority stake in FactEntry, a fixed income data and solutions vendor, as a way for SIX to strengthen its cross-asset data offerings for the front-, middle-, and back-office.
The majority stake acquisition closed on March 27, 2024, and financial terms and deal structure details were not disclosed, according to the SIX announcement.
SIX will incorporate FactEntry’s fixed income reference data, corporate actions datasets, and analytics offerings, officials say. The FactEntry wares “will complement SIX’s existing cross-asset data capabilities.”
The acquisition will benefit SIX via FactEntry’s data collection and processing capabilities, “which will accelerate SIX’s time-to-market for new products and services,” SIX officials say. “This expertise adds to SIX’s ability to provide regulation-ready content and will support the enhancement of ESG, funds and index content, further expanding the company’s reach across the financial industry.”
“The acquisition of FactEntry is a significant step forward in our strategic growth plans,” says Marion Leslie, head of financial information and member of SIX’s executive board, in a prepared statement. “This acquisition represents a significant milestone in our plans to broaden the breadth and depth of our cross-asset content,” Leslie adds.
FactEntry offers credit data to the global debt market. Our goal is to develop resources and products to improve transparency in credit markets and improve data, helping clients manage their data and information more effectively.
Among its several products are:
- FIDO, a fixed income database search engine (BondPDF.com);
- CATS, a corporate BondPDF, a library of over 1,000,000 bonds issued globally;
- And a Daily Bond Valuation service for illiquid bonds, called BondMetric.com.
FactEntry also customizes products based on clients’ needs and has helped clients calibrate credit risk, interest rate risk, counter party risk, issue risk, cash flow analysis and more, officials say.
SIX operates the infrastructure for the Swiss and Spanish financial centers, and is a provider of reference, pricing, corporate actions, and ESG data, officials say. The company is owned by its users, which constitute more than 120 banks, and has a workforce of 4,160 employees and a presence in 19 countries.
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