About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Acquires ULTUMUS to Strengthen ETF and Managed Data Service Offering

Subscribe to our newsletter

SIX has acquired ULTUMUS, a global index and exchange-traded funds (ETF) data specialist, to strengthen its ETF and managed data service offering. The companies have been partners for some time, with SIX acquiring ULTUMUS from investment firm ETFS Capital.

ULTUMUS will initially operate separately to SIX and will carry on delivering index data from SIX and other index providers. It will also continue to sell and support its own products. There are no plans to consolidate client contracts in the immediate future, although SIX notes that as the respective strengths of the companies are pulled together to develop new client propositions, contracts may be consolidated. A recent deal between Alveo and ULTUMUS, by way of example, will continue as it is for the time being.

With the global ETF industry expected to reach record assets of $9 trillion by the end of Q2 2021, SIX says the acquisition is good for the industry, clients and the firms themselves, as it will help trading in ETFs become more transparent and efficient. ETFS Capital was the first investor in ULTUMUS back in 2016, and invested again in 2019.

The transaction closed this week, although terms have not been disclosed. Bernie Thurston, CEO at ULTUMUS, comments: “We are excited by the opportunities ahead and what we can accomplish by being part of SIX.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Approaches to ESG data for the Sustainable Finance Disclosure Regulation (SFDR)

The EU Sustainable Finance Disclosure Regulation (SFDR) outlines extensive rules designed to ensure transparency across sustainable financial markets. It also demands huge volumes of non-financial ESG data to be sourced, managed and governed, some of which is difficult to find, and much of which is unstructured and of variable quality. The data challenge is exacerbated...

BLOG

Challenges and Opportunities of Internal Self-Service Data Solutions

The concept of internal self-service data solutions is gaining traction as financial institutions and corporations see value in the data sets they generate through their business activities. That said, harnessing the data to provide valuable insights for internal business teams can be a challenge. One approach is to adopt a self-service data delivery model that...

EVENT

TradingTech Summit London

Now in its 12th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...